Determinants of green building adoption
In this paper we investigate variations in the adoption of LEED-certified commercial buildings across 174 core-based statistical areas in the United States. Drawing upon a unique database and using a robust analytical framework, the determinants of the proportion LEED-certified space are modeled. We find that, despite high growth rates, LEED-certified stock accounts for a relatively small proportion of the total commercial stock. The average proportion is less than 1%. A further contribution of the paper is that our concentration measure avoids the biases associated with simple percentage measures that were used in previous studies of this topic. Strongest predictors of the proportion of LEED-certified commercial space in a local market are market size, educational attainment and economic growth. In terms of policy effectiveness, it is found that only a mandatory requirement to obtain LEED certification for new buildings has a significant positive effect on market penetration. <br> <b>Keywords:</b> energy efficiency, LEED, commercial real estate, innovation diffusion, ecolabeling
Year of publication: |
2014
|
---|---|
Authors: | Fuerst, Franz ; Kontokosta, Constantine ; McAllister, Patrick |
Published in: |
Environment and Planning B: Planning and Design. - Pion Ltd, London, ISSN 1472-3417. - Vol. 41.2014, 3, p. 551-570
|
Publisher: |
Pion Ltd, London |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Taking the LEED? Analyzing Spatial Variations in Market Penetration Rates of Eco-Labeled Properties
Fuerst, Franz, (2011)
-
LOCATIONAL DETERMINANTS OF LEED AND ENERGY STAR CERTIFIED PROPERTIES
Kontokosta, Constantine, (2010)
-
An investigation of the effect of eco-labeling on office occupancy rates
Fuerst, Franz, (2009)
- More ...