Non-Green Buildings to Cost More Money

20bill

At this point it is my experience green buildings are receiving the same financing they would get for any high quality building with a good tenant … what I think will change is that lenders will start assessing a premium on financing for any building that is not designed to green standards.

Comparing green buildings to the advent of air conditioning, the quote continues:  “At first buildings that came equipped with air conditioning were seen as luxury developments.  But within a short period of time any building that didn’t have it was considered functionally obsolete.

– Jim Amorin, president-elect of the Appraisal Institute [via]


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