In Phoenix, owners with LEED-certified buildings can capture a premium of 29 percent over buildings without this distinction. A year ago, tenants weren’t willing to pony up the additional dollars associated with being in a green building. In fact, this upswing in rents hasn’t been seen since 2007, at the top of the last cycle, when corporate America demanded sustainable buildings. Rents grew by 12 percent in 2007 across LEED certified buildings and hit a peak at $33.64 per sq. ...
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