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With the economic rationale for the development of sustainable buildings based almost entirely on anecdotal evidence, real estate developers and property investors are uncertain about how far to go in implementing environmental investments. However, solid academic evidence is changing the debate. Dr. Nils Kok discusses his research on the topic in "Doing Well by Doing Good: Green Office Buildings." This widely cited study provides the first systematic analysis of the impact of LEED and ENERGY STAR certification on the sale prices and rental rates of U.S. commercial office buildings.
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