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. ...

NREIonline.com Freemium Content

"Phoenix’s Green Thumbs-Up Signals Market Rebound" is FREE to access as a registered user on NREIonline.com.

Why Register for NREIonline? It's simple and free, and here is what you get:

  • Access to leading real estate industry research.
  • Interactive rankings of commercial real estate professionals.
  • Submit your own articles, (if approved) which will appear around the site.
  • Ability to comment and interact on all site content.

Already registered? here.