There is a greater relative benefit to getting LEED certification for Class B assets than for Class A assets, according to a new analysis from CBRE.
"The Class B LEED rent advantage over non-LEED is roughly three times larger than the premium commanded by Class A LEED properties," the analysis found in a study of the Boston area.
"Class B LEED properties have an average 180-basis point (bp) lower vacancy rate and a $9.18 per sq. ft. asking rent premium compared with non-LEED Class B properties. This is a wider delta than for the Class A cohort, where LEED buildings have a 160-bp lower average vacancy rate and a $3.75 per sq. ft. asking rent premium."
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