We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
THE ECONOMICS OF GREEN BUILDING.
- Authors
Eichholtz, Piet; Kok, Nils; Quigley, John M.
- Abstract
We analyze the economics of green building, finding that recent increases in the supply of green buildings and the volatility in property markets have not affected the returns to green buildings. We then analyze a large cross-section of office buildings, demonstrating that economic returns to energy-efficient buildings are substantial. Finally, we relate the economic premiums for green buildings to their relative efficiency in energy use--the attributes rated for thermal efficiency, as well as sustainability, contribute to premiums in rents and asset values. Among green buildings, increased energy efficiency is fully capitalized into rents and asset values.
- Subjects
SUSTAINABLE buildings; ENERGY consumption statistics; ENERGY conservation; MATHEMATICAL models; ARCHITECTURE &; energy conservation; RENT (Economic theory); ECONOMICS
- Publication
Review of Economics & Statistics, 2013, Vol 95, Issue 1, p50
- ISSN
0034-6535
- Publication type
Article
- DOI
10.1162/REST_a_00291