HVAC Breaking News

Nov. 14, 2005: Building Green Adds Value, Says Study

November 14, 2005
/ Print / Reprints /
ShareMore
/ Text Size+
COVENTRY, England - A new study concludes that a clear link is beginning to emerge between the market value of a building and its green features.

"Green Value" is an independent research study that looked at green buildings in the United States, Canada, and the United Kingdom. The study reports that not only are green buildings good for the environment and provide healthier places to live and more productive places to work, they also can command higher rents and prices, attract tenants more quickly, reduce tenant turnover, and cost less to operate and maintain.

The international study was led by RICS, of Coventry, England, in partnership with 10 government and private-sector organizations.

Initiated and led by RICS Canada past-chairman Chris Corps, he stated, "We weren't surprised that evidence of improved asset value exists, but didn't expect to find that productivity benefits can even exceed the building's value." Michael Brooks, executive director of Realpac, noted, "If industry and governments can tap these advantages, green buildings will be profitable. This opens potential commercial opportunities."

Canada Green Buildings Council President Thomas Mueller said the conclusions show there is more work to be done on the value of green buildings, but the findings are encouraging. "Evidence that sustainable practices can add value supports the claims and direction of the green building industry. This is an important step towards greater acceptance of green buildings in the marketplace."

For a copy of the Green Value report, go to http://www.rics.org/NR/rdonlyres/93B20864-E89E-4641-AB11-028387737058/0/GreenValueReport.pdf.

Publication date: 11/14/2005

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.

Podcasts

NEWSmakers: Julian Scadden

Training is an ongoing process. Julian will discuss how you can generate maximum return on time and energy invested training by following a three part process. Listen to this podcast to get expert tips on training, tracking and follow up. 

More Podcasts

ACHRNEWS

NEWS 04-21-14 cover

2014 April 21

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

SERVICE CALLS POLL

Which statement on service calls best applies to your business?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con