It’s hard to prove that renters are willing to pay more to live in “sustainably developed” apartments—but circumstantial evidence that this is the case keeps piling up.
Renters now explicitly say they are willing to pay more to live in apartment buildings with sustainable design features, from energy-saving appliances to bike rooms, according to the latest survey from the National Multifamily Housing Council (NMHC). Renters are also willing to pay extra to live in “sustainable” neighborhoods, where they don’t have to drive to get to amenities like shopping and services, according to a February study from data firm Axiometrics.
Read more...Are Apartment Renters Willing to Pay More for Green Features?
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