An Investigation of the Effect of Eco-Labeling on Office Occupancy Rates

Franz Fuerst and Patrick McAllister

Journal of Sustainable Real Estate, 2009, vol. 1, issue 1, 49-64

Abstract: This paper investigates the effect of eco-labeling on the occupancy rates of commercial offices in the United States. 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.

Date: 2009
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Working Paper: An Investigation of the Effect of Eco-Labeling on Office Occupancy Rates (2009)
Working Paper: An Investigation of the Effect of Eco-Labeling on Office Occupancy Rates (2009)
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DOI: 10.1080/10835547.2009.12091793

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