Lower operating costs, increased productivity, and enhanced image are some of the benefits of going green. Recent evidence has shown that green buildings tend to have higher occupancy rates, rents, and value growth as well.
Historically, Energy Star and LEED Certified buildings have outperformed the market . On average, vacancy rates for green buildings in Greater Boston are three percentage points lower than rates for their counterparts.
Since hitting a trough in mid-2010, rents for green buildings have climbed by nearly 13 percent. During that same period rents for conventional commercial buildings grew by just 4 percent.
Jones Lang LaSalle Chairman of Energy and Sustainability Dan Probst will be a speaker on the Trillion Dollar M2M Opportunity panel tomorrow as part of the VERGE Boston conference hosted by GreenBiz Media. Watch for his post here. Governor Deval Patrick delivered the keynote this morning.