Need Green to rent green

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I'm going to state the obvious. Housing in DC is expensive.
New housing in DC is expensive. Old, historic, and historic districty housing in DC is expensive.
So taking a plain, basic apartment that is decent enough that you're not calling the owner a slumlord is more than likely to be expensive. Throw on fancy stuff and that's gonna cost extra. Want a green LEED certified apartment or house, yup that's gonna cost you.
The folks at Rent Cafe contacted me a while ago with some tables and graphs.
Along with the statement that:
  • Washington DC overtakes other popular urban hubs - including Manhattan and San Francisco - in green rental stock, boasting an impressive 7,000 apartments classified as ''green.'' The capital also comes in 8th place in our Top Greenest Cities, for best ratio of people to green rentals (96 people for every green unit available).

Makes sense.

For a while I thought our representative bird was the building crane, and those new buildings usually had the extra LEED/ green this and that flava crystals. Before, in the good old days, or bad old days (same days) there was a fair amount of affordable housing going up in DC because that was the market. The regular market rate renters were heading for the burbs. Then after Mayor Williams, DC starts getting all popular and developers are building apartments, condos and houses for people with disposable income/higher paying jobs. People, more willing to pay the green housing premium.
As a homeowner who has done some work on her house I know that the green choice is not necessarily the cheaper choice. Low/No-VOC paint, costs a lot more that the regular paint. Paying someone for the blown-in insulation, more than the pink fiberglass bats. According to the study Rent Cafe mentions,  "Average rent in green-certified apartments is $560 more than in regular new apartments, while most surveyed renters are willing to pay up to only $100 more."
Of course, being green is only one part of the price as there are several other factors that go into making DC housing expensive. There are things the city government demands (taxes, fees) and does (long permitting process), there is our old friend "supply and demand" and a cost of doing business that gets passed on to the renter.

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This page contains a single entry by Mari published on January 14, 2017 10:26 AM.

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