This study investigates the price effects of environmental certification on commercial real estate assets. It is argued that there are likely to be three main drivers of price differences between certified and non-certified buildings. These are additional occupier benefits, lower holding costs...

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...