Cost savings from efficiency gains are at the core of the green building business case. Significantly lower energy bills are said to be a major factor in the green rent premium that has been observed in earlier studies. Our study tests this relationship by, inferring energy costs from operating...

This research examines the effects of energy efficiency certification levels on office rental rates and lease structures to determine whether any cost savings and other tangible and intangible benefits of green buildings are captured by landlords via higher rental rates or remain, at least...