LEED-certified buildings consistently earn higher rents than non-LEED properties, according to new research from Cushman & Wakefield.
Since 2015, rents for LEED-certified buildings have averaged 11% higher than those of non-LEED properties. The research also indicates that newly delivered LEED buildings were more resilient during times when the real estate market softened.
Since 2018, vacancies in LEED properties have fallen sharply. Even prior to the pandemic, LEED vacancy fell below that of non-LEED properties.
Cushman forecasts that by 2023, about 80% of investors intend to incorporate ESG into their commercial real estate strategy. A potential drag on that trend is that achieving ESG milestones through LEED is typically is more expensive than other strategies. To date, LEED certified buildings account for just 2.5% of total urban office properties in the U.S.
Related Stories
| Nov 26, 2012
Changes in development and building standards needed for health of Potomac River
The Potomac River’s health stands to suffer if the region does not change its development and building standards, according to the Potomac Conservancy.
| Nov 16, 2012
South Dakota prefers LEED over building code on state projects
“(LEED is) much better than a mandatory building code because you get a little wiggle room in these projects,” said Mike Mueller, a spokesman for the South Dakota Bureau of Administration.
| Nov 16, 2012
AAMA publishes quality assurance guidelines for Polyamide Thermal Barriers
The American Architectural Manufacturers Association (AAMA) has published QAG-2-12, Voluntary Quality Assurance Processing Guide for Polyamide Thermal Barriers.
| Nov 16, 2012
New ANSI/BIFMA standards developed for educational seating
The American National Standards Institute (ANSI) has approved the newly developed safety and performance standard for educational seating: ANSI/BIFMA X6.1-2012—the first of its kind.
| Nov 16, 2012
Green building councils in 62 countries expect 60% of their work to be green by 2015
More than half of the respondents to a survey of members of the Green Building Council in 62 countries expect green projects to comprise 60% of their work by 2015.
| Nov 16, 2012
Voters approve fewer construction ballot measures in 2012 than in 2008
Voters passed fewer ballot measures related to construction projects this year than they did in 2008, according to an analysis by the Associated General Contractors of America.