An Investigation of the Effect of Eco-Labeling on Office Occupancy Rates
Franz Fuerst and
Patrick McAllister (p.m.mcallister@reading.ac.uk)
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Patrick McAllister: School of Real Estate & Planning, University of Reading
Real Estate & Planning Working Papers from Henley Business School, University of Reading
Abstract:
This paper investigates the effect of eco-labeling on the occupancy rates of commercial offices in the US. The occupancy rates of LEED and Energy Star labeled offices are compared to a sample of non-labeled offices. Using OLS and quantile regression analyses, a significant positive relationship is found between occupancy rate and the eco-label. Controlling for differences in age, height, building class and quality, the results suggest that occupancy rates are approximately 8% higher in LEED labeled offices and 3% higher in Energy Star labeled offices. However, for Energy Star labeled offices effects are concentrated in certain market segments.
JEL-codes: C31 Q4 R33 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2009
New Economics Papers: this item is included in nep-ene
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Citations: View citations in EconPapers (18)
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http://www.henley.reading.ac.uk/rep/fulltxt/0809.pdf (application/pdf)
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Persistent link: https://EconPapers.repec.org/RePEc:rdg:repxwp:rep-wp2009-08
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