CBRE Study Finds San Francisco the Nation’s Greenest City
October 12 2016 - 8:30AM
Business Wire
Third Annual Green Building Adoption Index
Shows Percentage of U.S. Office Space “Green” Certified Tops 40
Percentage Mark
Institutional owners of office buildings continued to pursue
green building certifications in the 30 largest U.S. markets during
2015. Continuing an upward trend over the past decade, green
certifications are now held by 11.8 percent of all surveyed
buildings, representing 40.2 percent of all office space. Both
figures are slightly above last year’s results, according to the
third annual Green Building Adoption Index study by CBRE Group,
Inc. and Maastricht University. “Green” office buildings in the
U.S. are defined as those that hold either an EPA ENERGY STAR
label, USGBC LEED certification or both.
After placing second on the Green Building Adoption Index the
two prior years, the San Francisco market claimed the top spot with
73.7 percent of its space qualified as green certified. Chicago
claimed the second spot, narrowly trailing the leader at 72.3
percent and Minneapolis fell from the top into third spot at 60.6
percent. Houston, Atlanta and Los Angeles all also achieved more
than 50 percent green certification in their office markets.
“While the rate of growth in ‘green’ buildings has slowed
modestly, our latest study underscores that in most major markets,
sustainable office space has become the ‘new normal,’” said David
Pogue, CBRE’s Global Director of Corporate Responsibility.
The overall results of the study do show that the while the
uptake of green building practices in the 30 largest U.S. cities
continues to be significant, the rate of adoption is slowing. In
2014 the total sq. ft. of green office space in the top 30 markets
was 39.3 percent compared to the latest rate of 40.2 percent.
“This likely reflects the fact that only a certain fraction of
the building stock can obtain a green or energy-efficiency
certification,” said Dr. Nils Kok, associate professor in Finance
and Real Estate, Maastricht University (NL). “Additionally, we
believe that some buildings that were previously certified did not
renew their certification in 2015. This does not necessarily mean
that the energy use of these buildings has changed, but that some
owners and managers may choose not to spend the time or expense to
reapply for certification every year.”
A new feature of the 2015 study is a geographic mapping platform
that highlights the name, location and details of the specific
green certification for each building in all 30 markets.
Executed in close collaboration with the U.S. Green Building
Council (USGBC) and CBRE Research, this is the third release of the
annual Green Building Adoption Index. Based on a rigorous
methodology, the Index shows the growth of ENERGY STAR- and
LEED-certified space for the 30 largest U.S. office markets, both
in aggregate and in individual markets, over the previous 10 years.
View the study’s findings HERE.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500
company headquartered in Los Angeles, is the world’s largest
commercial real estate services and investment firm (based on 2015
revenue). The company has more than 70,000 employees (excluding
affiliates), and serves real estate investors and occupiers through
more than 400 offices (excluding affiliates) worldwide. CBRE offers
a broad range of integrated services, including facilities,
transaction and project management; property management; investment
management; appraisal and valuation; property leasing; strategic
consulting; property sales; mortgage services and development
services. Please visit our website at www.cbre.com.
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CBRE Group, Inc.Christy
Ingle949.725.8591christy.ingle@cbre.comorRobert
McGrath212.984.8267robert.mcgrath@cbre.com
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