Operating expenses vs value
A 500,000 CAD savings in annual operating expenses will bring about 7.7 million CAD greater value on the investment market. That's about 11 CAD PSF for this 700,000 sq.ft. building. Architectural amenities usually cost and can translate to higher rents & occupancy. In other words, people don't want to locate in the "ugliest" building, all things being equal. Developers will generally exaggerate the cost of a building to the news media for marketing reasons. A company may value savings in energy costs more if they intend to own a building for a relatively long time & they expect energy costs to increase faster than other operating expenses.
