Part 3: Sustainability’s Impact on Multifamily Performance
Green Is Good Part 3 examines rents and revenue for LEED-certified multifamily assets and analyzes how LEED-certification affects performance of multifamily investment sales.
Between 2000 and 2021, LEED-certified multifamily External Linkbuildings grew from 7.5% to 18.1% of Class-A urban inventory in Gateway-Plus markets (New York City, Los Angeles, Chicago, San Francisco / San Jose, Seattle and Washington, DC). It’s clear that renters are increasingly seeking greener places to live — especially Millennials and Gen Z who want sustainable buildings that demonstrate their commitment to eco-conscious living. In this third part of our Green Is Good series, we also uncovered how, when it comes to multifamily assets, green begets green — as multifamily leads other product types in green finance development.