Green Increases Real Estate $ Values

The green California EPA Headquarters building is a perfect example of savings over the life of the building. With systems calibration, monitoring and maintenance for energy performance, the building delivers annual savings of nearly $200,000. After-hours heating and lighting controls as well as the building?EUR??,,????'?????<

 

A new study has shown a clear link between the environmental friendliness of a building and its market value. The international study, led by the Royal Institution of Chartered Surveyors, (RICS) found that green buildings can earn higher rents and sale prices, attract tenants and buyers more quickly, cut tenant turnover cost less to operate and maintain and benefit occupiers.

According to McGraw Hill Construction, green building has actually grown in spite of the market meltdown. In its 2009 Green Building Outlook, the company noted that the value of green construction increased from $10 billion in 2005 to almost $50 billion in 2008. The study also suggested that by 2013, green construction could be valued at nearly $150 billion. Of course, even with that bit of positive news, there are still those who argue that green buildings carry a heftier price tag. And in most cases, they?EUR??,,????'?????<