This report from the MIT Real Estate Innovation Lab appeared in October 2021. Using the commercial real estate data platform CompStak and healthy building public databases from Fitwel and WELL, a real estate hedonic model was created in order to ascertain the value of healthy spaces on the effective rent of offices spaces in ten U.S. cities. Findings show healthy building rents transacting between 4.4 and 7.7% more per square foot than their nearby non-certified and non-registered peers. This “premium” for healthy spaces exists independently of all other factors such as LEED certification, building age, renovation, lease duration, and submarket. These results indicate that healthy buildings are seen as an asset that correlates with employee or tenant well-being and productivity.

Keywords: Controls/Sensors, Employee Productivity, Energy Management, HVAC, Intelligent Building, Internet of Things (IoT), Large Building Controls/Automation, Software, System Integrator, Healthy Buildings