Green Building Research

The Numbers

No. of LEED-certified homes nationwide: 21,121 LEED-certified homes in 8,124 projects, as of June 2012.

No. of Energy Star qualified home nationwide: 1.34 million as of mid-2012.

No. of ICC 700 National Green Building Standard-certified homes nationwide: As of mid-2012, there are nearly 4,500 single-family homes (new and remodeled), along with 254 multifamily buildings (new and remodeled) that contain nearly 6,000 units.


Report, Study or Article

Aug. 12, 2012

Article: Colorado, industry search for value of energy efficiency improvements

Denver Post

The Colorado real-estate industry and the state energy office have embarked on a project to determine the market value of a range of energy-efficiency improvements such as solar hot-water systems or high-performance furnaces.

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July 19, 2012

Study: The Value of Green labels in the California Housing Market

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Article in Washington Post

Article in Daily Herald


July 20, 2012

Article: Where's the Money for Energy Efficiency Financing?

Green Tech Media


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Report: Integrating Sustainability and Green Building into the Appraisal Process

Authors: Timothy P. Runde and Stacey Thoyre


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March 31, 2009

Press Release: Doing Well by Doing Good? An analysis of the financial performance of green office buildings in the USA


Buildings in the US with a high Energy Star rating are attracting rental premiums of three percent per square foot compared with non-green buildings of the same size, location and function, according to new research commissioned by RICS (Royal Institution of Chartered Surveyors).

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March 30, 2009

Report: Doing Well by Doing Good? An analysis of the financial performance of green office buildings in the USA

By Piet Eichholtz and Nils Kok of the University of Maastricht and John Quigley of the University of California, Berkeley

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October 2008

Research: Perspectives on Sustainability: Results of the 2008 Global Survey on Corporate Real Estate and Sustainability

From Jones Lang LaSalle and CoreNet Global

The recent survey, now in its second year, shows greater demand for green buildings but fewer companies willing to pay extra than in 2007.  Click below to read a summary of the survey findings.

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July 8, 2008

Report: Does Green Pay Off?

By Norm Miller, Jay Spivey and Andy Florance

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 U.S. using CoStar database. 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.

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1.4 GreenBuildingResearch

March 26, 2008

Article: CoStar Study Finds Energy Star, LEED Buildings Outperform Peers

Andrew C. Burr

A new study by CoStar Group has found that sustainable "green" buildings outperform their non-green peer assets in key areas such as occupancy, sale price and rental rates, sometimes by wide margins.

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June 2008

Report: Quantifying "Green" Value: Assessing the Applicability of the CoStar Studies

From Green Building Finance Corp.

The purpose of this report is to provide guidance to the real estate industry on the interpretation and use of data and research supporting green building investment. To better understand the role of quantitative studies within the broader decision-making context for sustainable property investments, this report provides an independent critique of the methods, technical execution, and presentation of the findings of a recent CoStar Group study evaluating the financial performance of Energy Star and LEED (Leadership in Energy and Environmental Design) certified buildings.

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Nov. 18, 2008

Press Release: Green Building Could Triple by 2013, Says McGraw-Hill Construction

Green Outlook Report tracks dramatic growth, forecasts green building over next five years

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Nov. 19, 2008

Green Building Impact Report

Executive summary: Green buildings, as represented by the U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED) Green Building Rating System, are an undisputed market success. In the eight years since the launch of LEED, green has firmly established itself among mainstream leaders in the building sector, representing tens of billions of dollars in value put in place and materials sales. LEED was created to reduce the environmental impacts of the built environment, but so far no comprehensive evaluation of the overall impact of LEED has been conducted. Until now. More

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More reports of interest

More reports, as listed on the US Green Building Council website:

January 2009, RREEF Research

This report examines the status of green building with respect to the current economic downturn and dropping energy prices. The findings show that even under these conditions, the case for green real estate remains strong and opportunities for cash-rich investors to add green buildings their portfolios may emerge.

Globalization and Global Greening Trends in Green Real Estate Investment

September 2008, RREEF Research

This report examines the forces affecting property sustainability in major regions around the globe.  The study found that major corporate tenants are pursuing greener facilities worldwide.  However, a gap exists between available green building space and tenant demand, creating green building investment, particularly in the United States.   


November 2007, RREEF Research


Green Listed Real Estate: A Growing Global Trend

October 2007, Innovest

Innovest analysis shows that the REITs in the U.S. considered to have the highest green credentials outperformed the index over several years. However, while awareness of the environmental risks and opportunities is growing, there is a gap in the degree to which real estate companies are implementing strategies to address risks. 


Federal Leadership by Example on Energy Conservation: No-Cost Quick and Easy Steps for Immediate Results

July 2007, Walraven, B., USAA Real Estate Company

This testimony before a Hearing of the U.S. House of Representatives is about the commitment made by the real estate sector in the U.S. to reduce energy consumption. Ms. Walraven's testimony includes estimates of the financial benefits from low- and no-cost energy efficiency retrofits.


The Energy Challenge, a New Agenda for Corporate Real Estate

April 2007, Rocky Mountain Institute & CoreNet Global

This report describes and recommends energy efficiency action plans that will result in very large energy and cost savings for corporate real estate and service providers.


To Be Green or Not to Be Green? Why that is Not the Question?

2007, Prudential Real Estate Investors

This report discusses how tenant demand, decreasing costs associated with building green and risk management are influencing the extent to which real estate investors and developers are building green.