TL;DR: We have two primary findings. First, our estimates show no effect of LEED certification on average energy consumption measured in kBTUs/ft2. Second, th

TL;DR: We have two primary findings. First, our estimates show no effect of LEED certification on average energy consumption measured in kBTUs/ft2. Second, the absence ofan effect seems to be driven by trade-offs across LEED attributes. Buildings with higherenergy scores have greater energy efficiency post-certification. Some other attributes, no-tably higher water scores, decrease energy efficiency post-certification. These trade-offs across LEED attributes seems to account for the absence of energy savings on average.