Lower vacancy rates in “green” buildings

Colliers International’s latest report looks at “green” office buildings in Auckland and Wellington and finds they have higher occupancy rates than office properties in general.

New Zealand now has over 150 buildings and fit-out projects certified by the NZ Green Building Council. Of those two-thirds are in the commercial office sector, with around 40% in Auckland.

Colliers International director of research Chris Dibble says this is a sizeable amount to analyse in order to see some of the benefits of “green” buildings for investors.

“Occupancy is a key investor concern, simply because if there is no tenant, then there will be no rent and capital values will be lower.