Benefits of green office buildings

The Burnham-Moores Center for Real Estate at the University of San Diego and CoStar Group, Bethesda, Md., have produced a comprehensive nationwide analysis on the financial benefits of green office buildings. The study focuses on green buildings that carry the Energy Star rating, provided by the U.S.

12/01/2007


The Burnham-Moores Center for Real Estate at the University of San Diego and CoStar Group, Bethesda, Md., have produced a comprehensive nationwide analysis on the financial benefits of green office buildings. The study focuses on green buildings that carry the Energy Star rating, provided by the U.S. Environmental Protection Agency. Some of the buildings are also USGBC LEED-certified.

The research focuses on 435 green and 238,808 other Class A Office Buildings. The buildings were drawn from CoStar's nationwide database and controlled for size, floors, class, and age.

Study findings include the following: Green buildings have higher occupancy rates and lower operating expenses than non-green buildings. Also, green buildings observed higher rental rates by almost $2 per sq. ft per year net in the second quarter of 2007 and $2.65 higher in the third quarter of 2007. Finally, green buildings command sales prices of 30% more on average when compared with other buildings, specifically, $352 per sq. ft versus $270 per sq. ft for last year's transactions.

The research also concludes that new office buildings that are not trying to achieve substantial energy savings and improved environments for occupants are likely to become obsolete quicker than their green counterparts. Less than 1% of all buildings are green, although the numbers are increasing. For the full study and a glossary of green terms, go to www.usdrealestate.com .





No comments
The Top Plant program honors outstanding manufacturing facilities in North America. View the 2015 Top Plant.
The Product of the Year program recognizes products newly released in the manufacturing industries.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
2015 Top Plant: Phoenix Contact, Middletown, Pa.; 2015 Best Practices: Automation, Electrical Safety, Electrical Systems, Pneumatics, Material Handling, Mechanical Systems
A cool solution: Collaboration, chemistry leads to foundry coat product development; See the 2015 Product of the Year Finalists
Raising the standard: What's new with NFPA 70E; A global view of manufacturing; Maintenance data; Fit bearings properly
Special report: U.S. natural gas; LNG transport technologies evolve to meet market demand; Understanding new methane regulations; Predictive maintenance for gas pipeline compressors
Cyber security cost-efficient for industrial control systems; Extracting full value from operational data; Managing cyber security risks
Drilling for Big Data: Managing the flow of information; Big data drilldown series: Challenge and opportunity; OT to IT: Creating a circle of improvement; Industry loses best workers, again
Migrating industrial networks; Tracking HMI advances; Making the right automation changes
Understanding transfer switch operation; Coordinating protective devices; Analyzing NEC 2014 changes; Cooling data centers
Upgrading secondary control systems; Keeping enclosures conditioned; Diagnostics increase equipment uptime; Mechatronics simplifies machine design

Annual Salary Survey

After almost a decade of uncertainty, the confidence of plant floor managers is soaring. Even with a number of challenges and while implementing new technologies, there is a renewed sense of optimism among plant managers about their business and their future.

The respondents to the 2014 Plant Engineering Salary Survey come from throughout the U.S. and serve a variety of industries, but they are uniform in their optimism about manufacturing. This year’s survey found 79% consider manufacturing a secure career. That’s up from 75% in 2013 and significantly higher than the 63% figure when Plant Engineering first started asking that question a decade ago.

Read more: 2014 Salary Survey: Confidence rises amid the challenges

Maintenance and reliability tips and best practices from the maintenance and reliability coaches at Allied Reliability Group.
The One Voice for Manufacturing blog reports on federal public policy issues impacting the manufacturing sector. One Voice is a joint effort by the National Tooling and Machining...
The Society for Maintenance and Reliability Professionals an organization devoted...
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.
Maintenance is not optional in manufacturing. It’s a profit center, driving productivity and uptime while reducing overall repair costs.
The Lachance on CMMS blog is about current maintenance topics. Blogger Paul Lachance is president and chief technology officer for Smartware Group.
This article collection contains several articles on the vital role that compressed air plays in manufacturing plants.