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XF-CT9PT7N-X
Research / Academic Paper ACTIVE

Green noise or green value? measuring the effects of environmental certification on office values

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Abstract

This study investigates the price effects of environmental certification on commercial real estate assets. It is argued that there are likely to be three main drivers of price differences between certified and noncertified buildings. These are additional occupier benefits, lower holding costs for investors and a lower risk premium. Drawing upon the CoStar database of U.S. commercial real estate assets, hedonic regression analysis is used to measure the effect of certification on both rent and price. The results suggest that, compared to buildings in the same submarkets, eco‐certified buildings have both a rental and sale price premium.

Source: resolved

Document Metadata

Issuer
Wiley
Document Type
Research / Academic Paper
Publication Year
2011
Retrieved
5 May 2026
Source
Contact XFID for Access
Record ID
XFCT9PT7NX
Validation
Inferred by XFID

Topics

Asset PricingReal Estate Finance

Cited by (1)

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Academic / report citation
Wiley (2011). Green noise or green value? measuring the effects of environmental certification on office values. XFID: XF-CT9PT7N-X. Retrieved from https://xframework.id/XFCT9PT7NX
Identifier only
XF-CT9PT7N-X