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How Much Is Green Worth?

Posted by: Larry Schooler

27 June 2008 - 12:00pm

A recent conference in Austin, Texas, of real estate appraisers explored how they should incorporate green-building techniques and features into their assessment of properties.

"Sustainable elements, such as high-efficient heating and air systems, provide energy cost savings. Lower operating costs in turn mean the building can become more valuable to an owner or a potential buyer.

'We are starting to see some empirical evidence that investors are willing to pay more for a green building than a non-green one,' says Amorin. 'I think we're at the precipice of a big change in commercial real estate.' Once building owners realize that a growing number of companies want to be in green structures, the money will flow in that direction and the cost of non-green buildings will start to decline, Amorin predicts.

Some of the questions discussed at the seminar included:

Are green building investments going to pay off in the long term?
How can the market and appraisers establish a reliable value of green buildings when there are a limited number of properties for comparison?"

Full Story: Appraisers look at measuring the value of green
Source: Austin Business Journal, June 26, 2008
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The areas where we have severe blight and indications of more blight to come are basically the same as they ever were. How in the world are we ever going to move our community development selves into an alternative future that thinks differently about the challenges we face in our cities and low-income suburban and rural communities?
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