“Research shows green buildings are worth more than comparable buildings. One study reported an average 11 percent premium on the sale of LEED certified office buildings, and another found LEED buildings typically attracted 15 to 18 percent higher rent than comparable buildings. The upshot: The increase in building value exceeds the nominal cost for LEED certification.
While investor-owners tend to focus on the direct payback, corporate real estate directors are driven by different criteria altogether. Owner-occupied buildings don’t look at rent or property values as measures of effectiveness. Instead, they consider ways to measure employee productivity and engagement arising from sustainability strategies.
LEED-designed work spaces are more comfortable in terms of temperature and air quality. While most people feel that comfortable employees are more productive ones, until recently such productiveness was considered a “soft” benefit. Today, however, there are tools to help tenants compare buildings in terms of the potential for employee productivity improvement and retention. In essence, companies are starting to quantify the impact of office space on productivity.”