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HIGHER OCCUPANCY, HIGHER RATES FOR GREEN BUILDINGS

Buildings that carry the U.S. Green Building Council's LEED or the federal Energy Star certifications have higher occupancy rates and lease for more dollars per square foot than similar conventional buildings, says the CoStar Group, an information service provider for commercial real estate companies. "Nongreen buildings are going to become obsolete," says CoStar, which completed a study of commercial buildings this spring. Results of the study were reported in the May 2008 issue of Environmental Building News (www.buildinggreen.com).

Industries most active in leasing space are law firms, financial institutions, business services firms and insurance ...

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