race yourselves. Just when you thought rents couldn’t go higher, it looks like they can and will. Going green may be good for the environment, but it’s not so good for your bank balance, according to speakers at a Building Sustainability into the Middle East conference last week.

Steven Miller, managing director of Dubai architectural, planning and urban design firm FXFOWLE Architects, said that green buildings really do produce higher rents.

“Properties in western Europe and North America, if it’s a green building, had a premium of 17 per cent on sale.


SOURCE: Gulfnews: Higher rents from greener towers.

This entry was posted on Sunday, June 29th, 2008 at 3:18 pm.
Categories: Design, Development, Environment.

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