Document Type
Article
Publication Date
2023
Journal Title
Journal of Sustainable Real Estate
Volume Number
15
Issue Number
1
DOI
https://doi.org/10.1080/19498276.2022.2162515
Version
Publisher PDF: the final published version of the article, with professional formatting and typesetting
Creative Commons License
This work is licensed under a CC BY-NC-ND License.
Disciplines
Business
Abstract
This paper examines the persistence of differentiated pricing in the multi-family housing related to eco-certification. In examining a sample of market rents for non-specialty, multi-family properties both across the U.S., as well as those areas that enjoy the highest concentrations of LEED certified apartments, we find rental premiums of 10.2% and 14.7%, respectively for those properties with LEED certification. The addition of the continuous Walk Score, to control for variations in urban form, results in premiums of 7.4% and 9.6%, respectively. These findings are directionally consistent with those found in earlier studies, and demonstrate a persistence in rental premiums for certified properties over time, and with increased LEED adoption.
Digital USD Citation
Gabe, Jeremy; McGrath, Karen; Robinson, Spenser; and Sanderford, Andrew, "An Analysis of U.S. Multi-Family Housing, Eco-Certifications, & Walkability" (2023). School of Business: Faculty Scholarship. 30.
https://digital.sandiego.edu/busnfaculty/30