While questions have arisen about the potential crushing effects of the current economic situation on the trend toward green commercial building and retrofitting, a team of economic researchers has concluded that the value of green building remains strong.
Among them is Nils Kok, a professor at Maastricht University in the Netherlands and a visiting scholar at the University of California at Berkeley. Speaking at an April workshop hosted by the California Center for Sustainable Energy in San Diego, Calif., Kok presented an analysis of the financial performance of green office buildings in the United States. The study is based on actual market transactions and not simply engineering estimates.
Kok said that office buildings with energy efficiency certification can command higher rents, expect better occupancy rates and garner a greater sale value. The initial study was published in 2008, but follow-up analysis in October 2009 showed these values held even during the global economic crisis.