This two-day course introduces participants to a broad range of valuation problems encountered when appraising green commercial buildings, conventional buildings with green features, and conventional buildings in today’s markets that are increasingly influenced by sustainability and green building. Based on the Appraisal Institute’s new publication, The Valuation of Green Commercial Real Estate, participants will use real-world case study examples from a variety of property types to learn and apply credible valuation techniques for analyzing and reporting the degree to which green building and sustainability affect property value.
Structured around the application of the three approaches to value, participants will develop valuable insight and hands-on experience applying cost and income-based adjustments when sales data is lacking, identifying and analyzing rent and marketability premiums, evaluating operating cost impacts, and assessing risk effects. In addition, participants will learn how green building and sustainability affect scope of work development and highest and best use analysis for both green and conventional properties. The course also familiarizes participants with emerging topics such as net zero energy, distributed generation, wellness-based design and resilience.
Upon completion of the course, participants should be able to:
• Identify and understand green building features and practices in both green and conventional commercial buildings
• Recognize and analyze the valuation effects of sustainability and green building for various commercial property types
• Develop and appropriately apply cost- and income-based adjustments when comparable sale data is lacking
• Assess the 4 areas where the green building is most likely to impact the income approach
• Correctly apply the cost approach to green improvements, including obsolescence adjustments
• Evaluate market demand for sustainable/green improvements and incorporate into the highest and best use analysis
• Develop an appropriate scope of work for green building assignments and for any property with green building features
• Benchmark and cross-check value indicators using alternate valuation techniques
Note. This course is in the Valuation of Sustainable Buildings Professional Development Program. For a list of FAQs, which includes information regarding the courses you'll need to successfully complete the program, click here.
 | This course is approved for GBCI CE Hours by the USGBC. |
Required Textbook
Students must purchase this book and bring with them to class:
• The Valuation of Green Commercial Real Estate
