www.marejournal.com M id A tlantic Real Estate Journal — Green Buildings — October 28 - November 10, 2016 — 17B G reen B uildings 3 rd Annual Green Building Adoption Index shows Percentage of U.S. Office Space “Green” Certified Tops 40%
CBRE study finds Philadelphia The Nation’s 10 Th Greenest City
hiladelphia, PA — Institutional own- ers 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% of all surveyed buildings, representing 40.2% of all office space. Both figures are slightly above last year’s results, according to the third annual Green Building Adop- tion Index study by CBRE Group, Inc. and Maastricht University. “Green” office buildings in the U.S. are de- fined as those that hold either an EPA ENERGY STAR label, USGBC LEED certification or both. After placing second on the Green Building Adoption In- dex the two prior years, the San Francisco market claimed the top spot with 73.7% of its space qualified as green certi- fied. Philadelphia claimed the tenth spot on the list, achiev- ing 40.9% green certification in their office market. “While the rate of growth in ‘green’ buildings has slowed modestly, our latest study un- derscores that in most major markets, sustainable office space has become the ‘new P Hollister welcomes new teammates PARSIPPANY, NJ — Hol- lister Construction Ser- vices announced that Keith H. Lesser, AIA, LEED AP, and Michael A. Ochs, Esq., have joined the growing Hol- lister team. “We recognize that our suc- cess depends on our personnel, and one of our key goals has been to build the best team in the industry,” said Hollister CEO Chris Johnson . “Keith and Michael bring enormous value to Hollister. They are seasoned professionals with enormous experience in the industry and we are excited to welcome them.” Lesser joins Hollister as vice president of pre-development and design. He will collaborate closely with the company’s pre-construction and delivery teams on various pre-develop- ment and design/build assign- ments. Lesser is a licensed architect with more than 30 years of practical, diversified experience in both design and building technologies. n
“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 pre- viously certified did not renew their certification in 2015. This does not necessarily mean that the energy use of these build- ings 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 certifica- tion for each building in all 30 markets. Executed in close collabo- ration with the U.S. Green Building Council (USGBC) and CBRE Research, this is the third release of the an- nual 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 mar- kets, both in aggregate and in individual markets, over the previous 10 years. n
normal,’” said David Pogue , CBRE’s global director of cor- porate 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 sig- nificant, the rate of adoption is slowing. In 2014 the total sq. ft. of green office space in the top 30 markets was 39.3% compared to the latest rate of 40.2%.
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