Greenbuilding sustainability and market premiums in Italy

What is it about?

Real estate sustainability can be best demonstrated through a “green” certification such as LEED (Leadership in energy and environmental design), but in markets where little precedent is available, quantification of costs and premiums related to green buildings is still ridden with uncertainty. This study analyses the case of Italy, where no comprehensive study of costs and premiums has ever been carried out, in order to make some lights on market rent and price premiums perceived by professional operators. The methodology is based on a survey of two cohorts of real estate stakeholders, either members of the Green Building Council Italia or commercial real estate investors. Based on information from 270 responses, it can be inferred that, while the importance of green building is widely acknowledged, caution is still prevalent regarding expected gains, with the majority of respondents perceiving the impact on rent and price premiums of the same magnitude as additional costs.

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