Back in March, CoStar released a well-disseminated study purporting to evaluate the financial performance of EnergyStar- and LEED-certified commercial office buildings. The results of the study were highly touted with respect to LEED as CoStar found that such buildings sold at a 64 percent ($171 per square foot) premium and rented at a 36 percent ($11.33 per square foot) premium over non-certified buildings. Last week, Scott Muldavin, Executive Director of the Green Building Finance Consortium, released a report critiquing the CoStar study. Mr. Muldavin suggested a number of reasons why euphoria over the staggering green premiums ought to be tempered.
June 9th, 2008 | Stephen Del Percio | 0 comments | Continued