What are the benefits of LEED certification for my building project?

Aside from the environmental benefits of green building practices, and the global responsibility in sustainable buildings, a new study by CoStar Group has found that sustainable “green” buildings outperform their peer non-green assets in key areas such as occupancy, sale price and rental rates, sometimes by wide margins. 

The results indicate a broader demand by property investors and tenants for buildings that have earned either LEED certification and strengthen the “business case” for green buildings, which proponents have increasingly cast as financially sound investments.

According to the study, LEED buildings command rent premiums of $11.24 per square foot over their non-LEED peers and have 3.8 percent higher occupancy.

And, in a trend that could signal greater attention from institutional investors, Energy Star buildings are selling for an average of $61 per square foot more than their peers, while LEED buildings command a remarkable $171 more per square foot.