Making new or existing buildings more energy efficient is a mainstream (soon-to-be mandatory) practice, and this trend is only going to become more important to the success of buildings, as metrics hold owners more accountable, real estate tax credits become more enticing and technology makes LEED more accessible.
Over the past decade, the 2014 Green Building Adoption Index showed a significant increase in the number of buildings integrating green standards. Energy Star-certified buildings have increased nearly 600%, and the percentage of buildings that achieve LEED certification has risen from less than .5% to 5% of all buildings. St. Louis makes the Top 25, ranking 23 with 24.2% of all building sq. footage recognized as green .
The studies shows a direct correlation between the top 30 office markets and the cities with the most efficient buildings, proving that green initiatives are becoming more and more essential to attract the best tenants.
National Real Estate Investor captured CBRE’s Global Director of Corporate Responsibility Dave Pogue’s opinion on the exponential growth of green buildings, “We have all seen the rapid growth in the number of green-certified buildings in the markets in which we work; however, we were quite surprised to see how large the numbers actually are. Green is absolutely the new norm.”
Investing in green commercial real estate could mean more green for your business, as the green building market is projected to be worth nearly $250 billion is just the next two years. Follow up with our Construction and Development Team to learn more about investment in green real estate.