Working Paper Series, Department of Real Estate and Construction Management & Centre for Banking and Finance (cefin), Royal Institute of Technology
Does greater energy performance have an impact on real estate revenues?
() and Han-Suck Song
Abstract: This study is one of the first to investigate how energy
performance effect commercial real estate gross revenues in Sweden. The
property level panel dataset used for this study consists of both economic
data and Energy Performance Certificate data. The econometric analysis
suggests that buildings with better energy performance have higher gross
revenues than buildings with poorer energy performance, even after
controlling for a large number of factors such as location, year of
construction and operating costs. A policy implication of this study is
that energy efficiency investments generate economic gains, as well as
being beneficial from an environmental perspective.
Keywords: Real estate revenue; energy performance; real estate policy; (follow links to similar papers)
JEL-Codes: Q01; Q41; Q55; (follow links to similar papers)
18 pages, June 3, 2013
- This paper is published as:
Bonde, Magnus and Han-Suck Song, (2013), 'Does greater energy performance have an impact on real estate revenues?', Journal of Sustainable Real Estate, Vol. 5, pages 174-185
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