Chicago Named Nation’s Greenest City in CBRE Study
July 06 2017 - 4:15PM
Business Wire
Green Building Adoption Index Shows More
“Green” in Cities with Benchmarking Laws
After placing second last year, the Chicago market claimed the
top spot with 66 percent of its space qualified as green certified
according to the fourth annual Green Building Adoption Index study
by CBRE and Maastricht University. San Francisco slipped to second,
while Atlanta, Houston and Minneapolis again claimed spots in the
top five in the 2017 report. “Green” office buildings in the U.S.
are defined as those that hold either an EPA ENERGY STAR label,
USGBC LEED certification or both.
The study found that institutional owners of office buildings
continued to pursue green building certifications in the 30 largest
U.S. markets. 10.3 percent of all buildings surveyed are Energy
Star labeled, while 4.7 percent are LEED certified, both slightly
ahead of last year’s totals, although the total percentage of
certified space fell slightly due to expiration of some
certifications.
This year’s study also examined the potential impact of
municipal energy disclosure regulations on green building adoption
rates. Nine of the top 10 cities have implemented benchmarking
ordinances, and several of those have experienced measurable
increases in green certifications. Cities with benchmarking
ordinances have 9 percent more Energy Star and LEED certified
buildings, and 21 percent higher Energy Star and LEED certified
square footage.
“While it is still too early to make a definitive correlation
between benchmarking ordinances and the rate of growth in ‘green’
buildings, this year’s findings do begin to establish a link that
will be studied closely in the future,” said David Pogue, CBRE’s
Global Director of Corporate Responsibility.
“Even though the current federal legislative agenda has shifted
the focus away from energy efficiency and sustainability, the
momentum in the commercial real estate industry toward improving
building operating performance and enhancing building quality is
hard to derail,” said Dr. Nils Kok, associate professor at
Maastricht University.
A feature again this year is a geographic mapping platform that
highlights the name, location and details of the specific green
certification for each building in all 30 markets.
Again executed in close collaboration with the U.S. Green
Building Council (USGBC) and CBRE Research, this year the report
also included research and commentary from the Institute for Market
Transformation. This is the fourth 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 2016
revenue). The company has more than 75,000 employees (excluding
affiliates), and serves real estate investors and occupiers through
approximately 450 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170706005984/en/
CBRE Group, Inc.Corey
Mirman212.984.6542corey.mirman@cbre.com
CBRE Group, Inc. (NASDAQ:CBRE)
Historical Stock Chart
From Mar 2024 to Apr 2024
CBRE Group, Inc. (NASDAQ:CBRE)
Historical Stock Chart
From Apr 2023 to Apr 2024