NEWS & NOTABLES
WASHINGTON, DC–High performance and sustainable homes in the Washington, DC market command sales premiums of 3.46%. So says the American Institute of Architects, which released a statement urging the government to protect policies designed to conserve energy and reduce carbon in the built environment. “We need the federal government to keep and even expand incentives that are already producing major advances in energy efficient design and cutting the carbon footprint of buildings,” AIA President Thomas Vonier said in a prepared statement.
In making the business case for sustainable building, AIA noted that energy efficient buildings enhance the value of real estate assets — such as in the Washington, DC market with its 3.46% sales premium.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
