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市場調查報告書

現金便是一切:節能型建築的財務實際成果評估

Cash is King: Assessing the Financial Performance of Green Buildings

出版商 Lux Research 商品編碼 315365
出版日期 內容資訊 英文 23 Pages
商品交期: 最快1-2個工作天內
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現金便是一切:節能型建築的財務實際成果評估 Cash is King: Assessing the Financial Performance of Green Buildings
出版日期: 2014年09月29日 內容資訊: 英文 23 Pages
簡介

「綠色」建築(節能型建築)在這十年間持續成長,並已確立其在建設業的主流地位。自那之後理所當然地,設計企業及開發企業、不動產買主等各個職業的人們開始對節能型建築的潛在優勢深感興趣。建築的租金/轉賣價格的上升、政府的財政的支援、都是擴大節能型建築建設的金融界要素。在這個狀況下,節能建築內部利益率(IRR)便維持在約5%後半的水準,可譽為具吸引力的高資產價值。

本報告提供全球節能型(綠色)建築市場影響要素與未來的趨勢相關分析,提供您主要國家(美國·德國·印度)的節能受託的建築標準相關資訊,及節能建築主要的建築推動因素(除了降低能源成本以外的因素),今後的市場趨勢預測等調查、考察。

目錄

  • 摘要整理
  • 市場環境
    • 關係到節能型建築的經濟優點的各種要素:目前是出賃/轉賣時的價格上漲和公共事業費用的節約,但在健康·生產率方面的優勢在今後也將更進一步地擴大
  • 分析
    • 節能效果還不算充分,仍需要租金·轉售價格的上升、利息的補助金來促成NPV的正成長。尤其是出租大樓,屋主顯然將以擴大利益為主。
  • 未來展望
  • 註腳

圖表一覽

  • 圖:節能標準住宅的整體面積突破3億2500萬平米
  • 圖:美國的商用建築成本有降低趨勢
  • 圖:商用不動產的評估所採用的評估方法,節能建築的評估
  • 圖:美國的節能住宅標準,即使在全球也是最高水準
  • 表格:美國的評價標準(LEED認證,ENERGY STAR)廣泛通用,但中國的標準也開始普及
  • 表格:澳洲:NABERS及Green Star Buildings Carry Premium制度
  • 表格:運用節能型建築的降低成本效果
  • 表格:配件的優點:對空間·企業·當地居民來說的優點分類
  • 圖:IEQ:居民的福利和生產率的關係
  • 圖:Lux的研究活動
  • 圖:節能建築的經濟分析:投入變數對大樓所有者有最大的貢獻
  • 表格:節能建築分析用變數相關前提條件:加州的大型零售店的情況
  • 圖:暖氣·照明·冰箱佔能源零售消費量的大半
  • 圖:LEED認證為基礎的零售建築情況,在運用支出方面的優點,暫時超過資本支出額(所有者方面的觀點)
  • 表格:所有者方面的觀點--公共事業費用的減輕,關係到出租收益的擴大
  • 表格:租屋者方面的見解--節能型住宅租金高
  • 圖:資本支出以外的節約效果,有促進所有者投資本身房地產之效果
  • 表格:只在政府的輔助策略下,投資回收期間和ROI(投資報酬率)也十分富有魅力
目錄

A steady rise in green building construction over a decade has brought the sector firmly in mainstream of the construction industry. Hence, not surprisingly, designers, developers, buyers, and occupants all are closely monitoring the promised benefits of green buildings; particularly whether these can be monetized. Our analysis of three building standard-segment combinations, namely a LEED retail building in the U.S., a Passive House home in Germany, and a Green Rating for Integrated Habitat Assessment (GRIHA) 4 Star office in India, shows that utility savings by themselves don't justify the green construction premium. Factors like a rental and/or resale premium and government financial incentives will make or break the financial case for green buildings. Where such factors exist, the internal rates of return (IRRs) are steady, predictable, and north of 5%, making green buildings an attractive, bankable asset class.

Table of Contents

EXECUTIVE SUMMARY

LANDSCAPE

  • A variety of factors lead to economic gains in green buildings; rental/resale premiums and utility savings are currently quantifiable, but further upside exists in health and productivity gains.

ANALYSIS

  • Utility savings are not sufficient, higher rental, higher resale, or subsidized interest rates are needed for a positive NPV; in leased buildings, owners clearly stand to gain more.

OUTLOOK

ENDNOTES

TABLE OF FIGURES

  • Figure 1: Graphic Floor Space Under 19 Major Green Building Standards Now Amounts to 325 Million m2
  • Figure 2: Graphic U.S. Commercial Real Estate Cost Breakdown 20126
  • Figure 3: Graphic Capitalization rate Equation Commonly Used for Commercial Real Estate Valuation
  • Figure 4: Graphic U.S. Standards Holds the Top Rank for Green Building Certified Floor Space
  • Figure 5: Table LEED and ENERGY STAR Certifications Have Significant Traction, but China 3-star Rising
  • Figure 6: Table LEED-Certified and ENERGY STAR Buildings Strongly Correlated with Price Premiums in the U.S.
  • Figure 7: Table NABERS and Green Star Buildings Carry Premium in the Australian Market
  • Figure 8: Table Operation Cost Savings from Green Buildings Are Well Documented
  • Figure 9: Table Ancillary Benefit Classifications Relate to Space, Company, and Occupants
  • Figure 10: Graphic IEQ-Occupant Well-being and Productivity Relationship
  • Figure 11: Graphic Source: Lux Research
  • Figure 12: Graphic Green Building Economic Analysis Input Variables Mostly Benefit Building Owner
  • Figure 13: Table Baseline Building Variables Assume a Big-Box Retail Location in California
  • Figure 14: Graphic Heating, Lighting Refrigeration Dominate Retail Energy Consumption
  • Figure 15: Graphic Opex Benefits Far Outweigh One-time Capex Costs of a LEED-certified Retail Building (Owner Perspective)
  • Figure 16: Table Owner Perspective Shows Utility Savings Dwarf Rental Income Gains
  • Figure 17: Table Tenant Perspective Shows that Cost Rises with Green
  • Figure 18: Graphic Non-opex savings Make or Break the Investment in Owner-occupied Buildings
  • Figure 19: Table Payback Periods and ROI Become Attractive Only with Government Incentives
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