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Final 7.29.pdf (8.37 MB)

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Social Equity Ignored: An Examination of LEED Rental Premiums in the Multi-Family Market

Mirando, Anthony M
http://rave.ohiolink.edu/etdc/view?acc_num=kent1627557232122465

Abstract Details

2021, PHD, Kent State University, College of Arts and Sciences / Department of Geography.
Since 2006, incentives for constructing sustainable LEED-certified apartment complexes have proliferated on the east and west coast of the United States. Typically, the purported intent is to address environmental concerns by increasing the availability of sustainable housing. In 2009, Cleveland, OH passed the Community Reinvestment Act to provide financial and logistical incentives for the development of LEED certified properties. Consequently, Cleveland is recognized as a leader in the promotion of such incentives and certified apartments now populate the city’s skyline. In general, it is assumed that certified structures meet goals inherent to the sustainability paradigm such as providing equal representation to social, economic, and environmental stakeholders; however, little consideration has been given to the actual socio-economic impact such policies have on the communities they are meant to serve, beyond the pre-construction and construction phases. This study focused on the current state of LEED multi-family certification through a system of established real estate comparison, valuation, and analyses methodologies to systematically and quantitatively examine rental costs associated with LEED-certified multifamily structures in the city of Cleveland from June 9 through July 7, 2020. The results of a comparative market analysis identified an overall 23.16% realized rental premium with a significant price increase based on LEED certification, a consequence that likely counteracts policymakers’ intentions. This study provides evidence that sustainable construction incentives may not lead to true social equity since fair and equal access to healthier buildings is prohibited by increased cost. It is imperative that governmental agencies understand the effects of construction incentives on vulnerable populations and how they may detract from the sustainability paradigm.
David Kaplan (Advisor)
Timothy Assal (Committee Member)
Jennifer Mapes (Committee Member)
Adil Sharag-Eldin (Committee Member)
Kristen Marcussen (Committee Chair)
189 p.
Geography; Sustainability; Urban Planning
LEED; sustainability; social equity; rental disparity; multi-family; market-rate

Recommended Citations

Citations

  • Mirando, A. M. (2021). Social Equity Ignored: An Examination of LEED Rental Premiums in the Multi-Family Market [Doctoral dissertation, Kent State University]. OhioLINK Electronic Theses and Dissertations Center. http://rave.ohiolink.edu/etdc/view?acc_num=kent1627557232122465

    APA Style (7th edition)

  • Mirando, Anthony. Social Equity Ignored: An Examination of LEED Rental Premiums in the Multi-Family Market. 2021. Kent State University, Doctoral dissertation. OhioLINK Electronic Theses and Dissertations Center, http://rave.ohiolink.edu/etdc/view?acc_num=kent1627557232122465.

    MLA Style (8th edition)

  • Mirando, Anthony. "Social Equity Ignored: An Examination of LEED Rental Premiums in the Multi-Family Market." Doctoral dissertation, Kent State University, 2021. http://rave.ohiolink.edu/etdc/view?acc_num=kent1627557232122465

    Chicago Manual of Style (17th edition)

kent1627557232122465
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© 2021, all rights reserved.
This open access ETD is published by Kent State University and OhioLINK.
Release 3.2.12