green building certification study

Our ground-breaking research finds green office buildings deliver

We strive to reduce operating expenses from utility use and waste generation while at the same time improve environmental performance and efficiency of our buildings. One approach we have prioritized is green building certifications such as LEED, ENERGY STAR and BOMA BEST. A first of its kind report was commissioned by Bentall Kennedy on the financial effects of green building certifications on commercial office buildings. The article, titled “Green Certification and Building Performance: Implications for Tangibles and Intangibles”, was published in the September 2015 Special Real Estate Issue of Institutional Investor’s Journal of Portfolio Management. The study was conducted by Dr. Nils Kok of Maastricht University in the Netherlands and Dr. Avis Devine of the University of Guelph in Canada. The research methodology included analyzing 10 years of actual rent data from office properties within the Bentall Kennedy portfolio: 143 assets in the U.S. and 148 assets in Canada, representing a total of 58 million square feet.

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