People or systems: Does productivity enhancement matter more than energy management in LEED certified buildings?

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cam.issuedOnline2021-12-15
dc.contributor.authorAkhtyrska, Y
dc.contributor.authorFuerst, F
dc.contributor.orcidFuerst, Franz [0000-0001-5317-1469]
dc.date.accessioned2022-01-05T11:51:29Z
dc.date.available2022-01-05T11:51:29Z
dc.date.issued2021
dc.date.updated2022-01-05T11:51:28Z
dc.description.abstract<jats:p>This study examines the impact of energy management and productivity-enhancing measures, implemented as part of LEED Existing Buildings Operations and Management (EBOM) certification, on source energy use intensity and rental premiums of office spaces using data on four major US markets. Energy management practices, comprised of commissioning and advanced metering, may reduce energy usage. Conversely, improving air quality and occupant comfort in an effort to increase worker productivity may in turn lead to higher overall energy consumption. The willingness to pay for these features in rental office buildings is hypothesised to depend not only on the extent to which productivity gains enhance the profits of a commercial tenant but also on the lease arrangements for passing any energy savings to the tenant. We apply a difference-in-differences method at a LEED EBOM certification group level and a multi-level modelling approach with a panel data structure. The results indicate that energy management and indoor environment practices have the expected effect on energy consumption as described above. However, the magnitude of the achieved rental premiums appears to be independent of the lease type.</jats:p>
dc.identifier.doi10.17863/CAM.79468
dc.identifier.eissn2071-1050
dc.identifier.issn2071-1050
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/332020
dc.languageen
dc.publisherMDPI AG
dc.publisher.urlhttp://dx.doi.org/10.3390/su132413863
dc.subjectgreen certification
dc.subjectenergy efficiency
dc.subjectcommercial real estate
dc.subjectenergy performance gap
dc.titlePeople or systems: Does productivity enhancement matter more than energy management in LEED certified buildings?
dc.typeArticle
dcterms.dateAccepted2021-12-09
prism.issueIdentifier24
prism.publicationNameSustainability (Switzerland)
prism.volume13
pubs.funder-project-idCambridge Humanities Research Grants (Scheme 2019/20 Round 2)
rioxxterms.licenseref.urihttps://creativecommons.org/licenses/by/4.0/
rioxxterms.versionVoR
rioxxterms.versionofrecord10.3390/su132413863
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