LEED in the U.S. Commercial Office Market: Market Effects and the Emergence of LEED for Existing Buildings

David Blumberg

Journal of Sustainable Real Estate, 2012, vol. 4, issue 1, 23-47

Abstract: In 1998, the United States Green Building Council (USGBC) developed the Leadership in Energy and Environmental Design (LEED) system as a certification program for sustainable building standards in new developments. The LEED system has garnered a great degree of attention from owners and developers in the U.S. commercial real estate sector, who not only look to improve the sustainability of their portfolios but the bottom line of their income statements. Numerous studies on the effects on market premiums for LEED certified buildings have been conducted. This paper examines those studies as well as the emergence of LEED for Existing Buildings (LEED-EB), a LEED subsystem that certifies sustainable buildings by evaluating operations and maintenance practices.

Date: 2012
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DOI: 10.1080/10835547.2012.12091839

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