multilinear model of energy consumption" Then I will make several linear regression(including log-log and semi-log type) to get different metrics of building energy efficiency. Finally the likelihood test will be used to find the best one.
References:
"Green Noise or Green Value? Measuring the
Effects of Environmental Certification
on Office Values" this paper found significant price premier for LEED-certified buildings and Energy Star. "Doing Well by Doing Good?
Green Office Buildings" this paper found private market does incorporate the information of energy use in the determination of rents and asset
prices. And there are also many articles that indicated the impact of building's energy efficiency on its value or pricing.
Deliverable:
I expect to find a good model among the above variables to find how does the building's energy performance have impact on its market value. The owner of the building may try to make improvement on the energy performance based on this model to increase the market value, supporting the NYC carbon reduction plan at the same time.