녹색건축인증제가 오피스시장에 미치는 영향분석

Analysis of the Impact of G-SEED on Office Rent Market

1. CONTENTS (1) RESEARCH OBJECTIVES The objective of this study is to investigate the impact of green buildings on office rent market. A green building, for the purpose of this paper, refers to any building that meets the high standards set forth in Korean government's Green Standard for Energy and Environmental Design(G-SEED). (2) RESEARCH METHOD The research method of this study is a multiple regression analysis. We have applied both semi-log regression function and double-log regression function both of which take dummy estimates of rent discrepancy between G-SEED office buildings and non G-SEED office buildings. The dataset was developed by combining information from real estate research centers and a G-SEED appraisal. (3) RESEARCH FINDINGS The results of multiple regression analysis reveal that statistically significant difference was found between office rent for G-SEED office buildings and non G-SEED office buildings. In other words. the G-SEED has strong positive effect on office rent as property's characteristics and its location have. 2. RESULTS This study shows that office rent market has already given higher value on green building by increasing office rent. We have concluded that G-SEED buildings have been considered as economically and environmentally superior buildings in the office market.