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Green office buildings see higher rents, occupancy.(News for Appraisal Professionals)

A nationwide analysis comparing green with non-green office buildings indicates that green buildings have higher occupancy rates, lower operating costs, higher rental rates, and higher values, by compelling margins.

According to the report, which relies on data from 2006, commercial property customers were willing to pay an average of $2.45 per square foot extra for renting, or an average of $15 per square foot extra for buying, an industry-certified green office building.

Results of the study were presented by Jay Spivey, senior director of product management at Costar Group, and Norm Miller, director of academic programs at the Burnham-Moores Center's 12th Annual ...

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