Documente Academic
Documente Profesional
Documente Cultură
4, Nov, 2009
Bureau Veritas
1970
1975
1980
1990
1993
1995
1998
2006
2007
2008
2009
LEED launched Israel Standard for Green Building Energy Conservation Building Code in India Energy efficiency standards for design and construction Dubai Green Building Mandate All new construction must be green CASBEE launched in Japan Voluntary assessment tool for NC LEED 2009 v.3 Launched focusing on Energy efficiency UK & France sign MOU to develop common single rating tool UK Sustainable Homes Mandate All new homes must rate against Code for sustainable Homes
LEED in Korea _ 4, Nov, 2009
United Kingdom Certified: 4 Registered: 14 Italy Certified: 2 Registered: 42 Spain S i Certified: 2 Registered: 28
China Certified: 39 Registered: 210+ Germany Certified: 1 Registered: 77 Turkey Certified: 3 Registered: 10 India Certified: 35 Registered: 81 Japan Certified: 3 Registered: 13
* Source: USGBC Website 30 Oct. 2009, excluding LEED 3 projects LEED in Korea _ 4, Nov, 2009
150 100 50 0
2006 Q1
LEED Traditional
2007 Q2
2005
LEED Traditional
2006
Conclusion
The more green buildings attracted rents per ft2 around 6% higher than traditional Over the fifteen months analyzed, the average rent rose by 8.2%, compared with 7.6% growth on the traditional The green buildings appeared to secure a sales price premium of around 9% in 2005 and as much as 30% in 2006
[Source] Miller, Spivey and Florance (2007) / CBRE report Sampled from 223 Energy Star compared with 2,077 Non-Energy Stars from CoStar Group data of 435 Energy Star + 238,808 Non-Energy Star Buildings
26
9.7%
27.07 24.68
320 300
11.5%
318.38 285.44
LEED Overall
24
280 260
22 LEED Overall
% Leased
90
Conclusion
Certified buildings have a rental p e u Ce t ed bu d gs a e e ta premium The more highly rated, the greater the rental premium For transaction prices, 10% premium for Energy Star and 31% for LEED (292 Energy Star
and 30 LEED buildings analyzed)
88
2.7%
86
88.4 86.06
84 LEED Overall
Benefits of a better image, higher productivity or lower operating costs are not included
[Source] Working papers in real estate & planning 09/08, Henley Business School
Time series data of 350 LEED and 1,105 1 105 Energy Star building in USA All types of certified buildings exhibit lower higher average rents and lower vacancy rates than the benchmark group of Class A and Class B office building Rental rate for LEED Silver and Gold certified properties is consistently higher Vacancy rates of certified buildings exhibit an overall decreasing trend in recent periods while the benchmark group, particularly the Class B type is increasing
Average Rents
Energy Star is an energy performance rating program of the building energy, has a narrower scope than LEED but can be used as a proxy for green buildings.
[Source] Working papers in real estate & planning 09/08, Henley Business School
ROI Improves
Source: USGBC& GBCI S McGraw-Hill Construction, Key Trends in the European and U.S. Construction Marketplace SmartMarket Report, 2008 McGraw-Hill Construction, Greening of Corporate America SmartMarket Report, 2007
Thank you