Energy Efficiency and Financial Valuation

Empirical evidence of financial value is key to sustain and increase demand for and investment in energy efficient and green buildings. The goal of this project is to conduct empirical, quantitative, market-focused research on the impacts of energy efficiency and green building features on metrics of financial value, such as sale price, rents, vacancy rates, etc. The intent is to generate meaningful, actionable results capable of influencing commercial real estate practitioners – investors, owners, and managers - and encouraging greater investment in energy efficient buildings. This is a collaborative effort between Berkeley Lab, the Real Estate Research Institute, and several real estate companies and academic researchers.

Publications

• Raising the Rent Premium: Moving Green Building Research Beyond Certifications and Rent
• Sustainable Insights in Public Real Estate Performance: ESG Scores and Effects in REIT Markets
• Impact of Environmental Interventions on Commercial Real Estate Operations
• Energy Efficiency Improvements and Commercial Real Estate Performance
• Office and Residential Building Energy Retrofit Hurdle Rates
• Effect of Energy Benchmarking and Disclosure on Office Building Marketability
• Utilizing Commercial Real Estate Owner and Investor Data to Analyze Financial Performance