posted by Brad Hook on 18 April 2012
A report comissioned by RICS has illustrated the 'Green Premium' on commercial property in London over the last decade.
The report, which was undertaken by the University of Maastricht for RICS, identifies that expanding the supply of 'Green' buildings within a given in a locality in London had a positive impact on rents and prices generally but reduced renats and prices for environmentally certified real estate.
The research reports that each additional 'green' building decreases the premium for a certified building in the rental and transaction markets by 1% and 4% respectively.
This report is part of RICS cutting edge thought leadership in the fields of carbon measurement, occupiers' behaviour and 'green value'.
2012 United Sustainable Energy Agency. A not for profit company. Incorporated as a Company Limited by Guarantee. Registered in England No. 3553525.