Does Green Pay Off?
By Norm Miller, Jay Spivey and Andy Florance
Draft:
Date: July 8, 2008
Contact Author: Norm Miller at nmiller@sandiego.edu
Executive Summary: In this study and call for further research we provide some comparison data on energy star and LEED certified buildings versus non-energy star or Non-Leed certified office property from the entire US using CoStar data base. These results are promising for the benefits of investment in sustainable real estate, energy savings and for the green movement now sweeping our society. The payoff from wise green investment is easy to justify even if based on purely profit motivations.