The Alternative Facts About the Greening of Existing Buildings

The January 2017 working paper "On the Value of Environmental Certification in the Commercial Real Estate Market," by well-known researchers Rogier Holtermans and Nils Kok, looked at over 25,000 commercial properties in the seven largest U.S. markets and concluded that rental, occupancy and pricing levels of environmentally-certified buildings remain significantly higher than non-certified buildings. In the past, popular green building programs have primarily targeted the top 10 percent of class-A buildings-those landmark buildings that have...