Does Green Pay Off?

Norm Miller, Jay Spivey and Andrew Florance

Journal of Real Estate Portfolio Management, 2008, vol. 14, issue 4, 385-400

Abstract: Executive Summary.This study provides some comparison data on Energy Star and Leadership in Energy and Environmental Design (LEED)-certified buildings versus non-Energy Star or non-LEED-certified office property in the United States using the CoStar database. These results are promising for the benefits of investment in sustainable real estate, energy savings, and for the green movement now sweeping our society. The payoff from wise green investment is easy to justify even if it is based on purely profit motivations.

Date: 2008
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DOI: 10.1080/10835547.2008.12089822

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