The rapid growth of house prices in many fast-growing economic regions has proven difficult to explain by existing economic theories. Large scale models have proven especially difficult to apply to explain pricing differences between micro-locations. This research provides a model of spatial and...

This research examines the effects of energy efficiency certification levels on office rental rates and lease structures to determine whether any cost savings and other tangible and intangible benefits of green buildings are captured by landlords via higher rental rates or remain, at least...

The study investigates uncertainty of financial performance of energy efficient office buildings to establish how making an asset energy efficient changes its financial characteristics. Two hypotheses explaining why a change may occur are presented and examined (one based on higher demand and...

Cost savings from efficiency gains are at the core of the green building business case. Significantly lower energy bills are said to be a major factor in the green rent premium that has been observed in earlier studies. Our study tests this relationship by, inferring energy costs from operating...