Colorado College Logo

  DigitalCC

Use AND (in capitals) to search multiple keywords.
Example: harmonica AND cobos

The Variance in Demand for Green Certified Buildings

by Sawabini, Abigail

Abstract

As the presence of green buildings grows, developers and commercial tenants consider the costs and benefits of these real estate investments. This study investigates the price effects of environmental certifications on commercial office buildings in New York City and San Francisco. Specifically, looking at the levels of supply and demand in each region as an indicator of a price differential. If San Francisco’s heightened awareness towards environmental preservation increases the demand for green space more rapidly than the supply, the differential in real estate values in San Francisco will be larger than New York City. Using data from CoStar’s commercial real estate database and city’s assessor’s offices, a hedonic regression analysis estimates the effects of green certifications on rent and assessed value. By isolating two cities and analyzing their attitude towards green products in conjunction with the price differential, conclusions are drawn on consumer’s willingness to pay.

Note

The author has given permission for this work to be deposited in the Digital Archive of Colorado College.

Colorado College Honor Code upheld.

Includes bibliographical references.

Administrative Notes

The author has given permission for this work to be deposited in the Digital Archive of Colorado College.

Colorado College Honor Code upheld.

Copyright
Copyright restrictions apply.
Publisher
Colorado College Tutt Library
PID
coccc:27084
Digital Origin
born digital
Extent
39 pages
Thesis
Senior Thesis -- Colorado College
Thesis Advisor
Katrina Miller-Stevens
Department/Program
Economics and Business
Degree Name
Bachelor of Arts
Degree Type
bachelor
Degree Grantor
Colorado College Tutt Library
Date Issued
2017-05