Green Building Research
Seattle Steam is a District Energy system, and District Energy is recognized worldwide as an eco-friendly, high-performance way to heat buildings.
Buildings on the Seattle Steam system — whether new or old — are part of the new green economy. By using District Energy, buildings earn points toward certification under the Leadership in Energy and Environmental Design (LEED 3.0) program or the EPA's ENERGY STAR program, as well as benefit from the growing market demand for green commercial space. Several recent studies find that "green" commercial buildings offer the best long-term investment value:
High Performance Green Building: What's it worth? Investigating the Market Value of High Performance Green Buildings
Cascadia Region Green Building Council, Vancouver Valuation Accord and Cushman & Wakefield, June 2009
This study of office buildings in Seattle, Portland and Vancouver, BC identifies how high-performance green features and systems can increase the value of commercial buildings.
Recession Fails to Diminish Demand for Green Real Estate
RREEF Research, March 2009
The fundamental shift in real estate markets toward sustainable buildings will experience only a mild disruption from the global recession and credit crunch, according to research published by RREEF, the investment management business of Deutsche Bank's Asset Management division.
Green Building is the Economy's Bright Spot
Turner Construction Company, McGraw-Hill Construction's 2008 SmartMarket Report and others, February 2009
New studies and reports point to green building as one of the growing bright spots for the U.S. economy.
Green Building has Shown Uncommon Resiliency through First Year of Recession
CoStar Group, December 2008
Despite a slowdown affecting nearly all segments of the commercial property industry, green building is positioned to withstand the deepening economic recession and possibly emerge as a more influential force than before, sustainability advocates say.
Businesses, Landlords that Resist Sustainability Will be at a Financial, Competitive Disadvantage, Study Finds
CoStar Group, August 2008
Three years: That's how long before the market turns non-green buildings into financial and competitive liabilities for the tenants that occupy them, and the firms that own them, according to a report by Deloitte and green building consultant Charles Lockwood.
Doing Well by Doing Good? Green Office Buildings
University of California, Berkeley, June 2008
Investments in proven green building practices lead to sizable increases in a property's market value and effective rent, or the average per square foot rent paid. Green certified buildings produced an 8.5 percent increase in effective rent.
Green Buildings Expected to Receive Lower Financing
Globest.com, June 2008
There are indications that green buildings are getting some edge in the financing they receive. It is believed that lenders will start assessing a premium on financing for any building that is not designed to green standards. Those lending institutions that are active in the green building area may better understand the inherent benefits of green projects and thus may be able to provide more favorable or creative lending products.
Energy Performance of LEED for New Construction
New Buildings Institute, March 2009
This study found that on average, LEED-NC buildings deliver anticipated savings. LEED energy use is similar to predictions — 25-30 percent better than the national average. Average savings increase for the higher LEED levels, with Gold/Platinum buildings approaching the interim goal of Architecture 2030. Results for individual buildings span a wide range, which calls for further research and areas of improvement for LEED.
CoStar Green Building Study
CoStar Group, March 2008
Sustainable buildings outperform their non-green counterparts in occupancy, sale price and rental rates, sometimes by wide margins. Results indicate a broader demand by property investors and tenants for buildings that have earned either LEED certification or the ENERGY STAR label, which proponents have increasingly cast as financially sound investments.