Fuerst, Franz and McAllister, Patrick (2009): An Investigation of the Effect of Eco-Labeling on Office Occupancy Rates.
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This paper investigates the effect of eco-labeling on the occupancy rates of commercial offices in the US. The occupancy rates of LEED and Energy Star labeled offices are compared to a sample of non-labeled offices. Using OLS and quantile regression analyses, a significant positive relationship is found between occupancy rate and the eco-label. Controlling for differences in age, height, building class and quality, the results suggest that occupancy rates are approximately 8% higher in LEED labeled offices and 3% higher in Energy Star labeled offices. However, for Energy Star labeled offices effects are concentrated in certain market segments.
|Item Type:||MPRA Paper|
|Original Title:||An Investigation of the Effect of Eco-Labeling on Office Occupancy Rates|
|Keywords:||Eco-certification, real estate economics, dynamics of office occupancy rates|
|Subjects:||Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics
C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables > C31 - Cross-Sectional Models ; Spatial Models ; Treatment Effect Models ; Quantile Regressions ; Social Interaction Models
R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R3 - Real Estate Markets, Spatial Production Analysis, and Firm Location > R33 - Nonagricultural and Nonresidential Real Estate Markets
|Depositing User:||Franz Fuerst|
|Date Deposited:||10. Jul 2009 00:28|
|Last Modified:||14. Feb 2013 03:09|
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Available Versions of this Item
An Investigation of the Effect of Eco-Labeling on Office Occupancy Rates. (deposited 19. Jun 2009 05:46)
An Investigation of the Effect of Eco-Labeling on Office Occupancy Rates. (deposited 10. Jul 2009 00:30)
- An Investigation of the Effect of Eco-Labeling on Office Occupancy Rates. (deposited 10. Jul 2009 00:28) [Currently Displayed]
- An Investigation of the Effect of Eco-Labeling on Office Occupancy Rates. (deposited 10. Jul 2009 00:30)