This paper investigates whether obtaining sustainable building certification entails a rental premium for commercial office buildings and tracks its development over time. To this aim, both a difference-in-differences and a fixed-effects model approach are applied to a large panel dataset of...

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...

Drawing upon a large dataset of Energy Star and LEED labeled commercial office properties in the US, this paper investigates the effect of eco-labeling on rents, sale prices and occupancy rates. It differs from the first pioneering studies on this topic in that it analyzes a more comprehensive...