As a major consumer of energy, water and other natural resources, commercial real estate is at the fore of many environmental and sustainability issues. As a result, there has been growing demand for more efficient, “green” buildings over the past decade. In order to track the industry’s adoption of green building initiatives, a consortium of CBRE Research, Maastricht University and the University of Guelph has created the Green Building Adoption Index. Published annually, it uses a rigorous methodology to track the growth of Energy Star and LEED certified buildings since 2005 for the 30 largest U.S. office markets and this year has been extended to the 30 largest U.S. multifamily markets.
Commentary from Spencer Levy
As a panel moderator 12 years ago, I asked some of the world’s largest commercial real estate owners and developers, “Has the economic case been made to make your buildings green?” Not a single hand went up. I ask that same question a lot today and every hand goes up. The panelists no longer look at me like I’m a little green man from Mars.
Read more on the CBRE Capital Watch Blog.
Chairman, Americas Research | Senior Economic Advisor
“The more that big investors see the value of green in their office and multifamily portfolios, the more it will spread as a clear value-add to other commercial asset classes."