In an era where environmental consciousness and sustainability are paramount, the real estate sector stands at a crossroads. The traditional model of development, driven by luxury and profit, is being challenged by the growing importance of green buildings. But what makes a green building economically viable? How can we make a compelling business case for green buildings that aligns with the triple bottom line of people, planet, and profit?
In the quest to build a sustainable future, green buildings have emerged as a cornerstone of eco-friendly architecture. But how do we measure the true value of these environmentally conscious structures? In this article, we'll delve into the fascinating world of hedonic pricing models, a powerful tool used to quantify the premium associated with green buildings.