Winter 2012, Vol. 37, Nos. 2&3

Abstract: This article explores the financial benefits of LEED-certified office development by reviewing the existing academic research and analyzing the results within the context of the Duke Energy Center in Charlotte, North Carolina. Compelling evidence is presented to support claims that high-performance assets of this type are capable of achieving rent premiums, higher occupancy levels and operating efficiencies in the areas of water and energy consumption. The analysis also suggests that these financial benefits are often sufficient in size to offset any construction cost premiums required to bring high-performance office buildings to market. Best practices used throughout the development of the Duke Energy Center may therefore serve as an example for similar projects in the future.