The Northwest Energy Efficiency Alliance's (NEEA) BetterBricks initiative, in collaboration with Cushman & Wakefield, has released comprehensive profiles of several major US cities in relation to their performances in the 2011 Green Building Opportunity Index (GBOI).
The index is a first of its kind assessment tool providing weighted comparisons of top office markets across the country based on real estate fundamentals and green assessment considerations. The entire report is available
here.
First released in 2010, the GBOI compares each market's relative position in six categories: office market conditions, investment outlook, green adoption & implementation, mandates & incentives, state energy initiatives, and green culture. The index also takes into account the number of Energy Star and LEED certified buildings are in each market.
The profiles released this week for San Francisco, Washington DC, Los Angeles and Boston provide a more in-depth analysis into the factors influencing successful development, green retro-fitting, leasing and sales of investment grade office buildings.
"Market specific incentives for green building investment continuously change on a geographic basis. To keep pace, our profile reports were designed to function as an important tool for corporate occupiers and investors who need to stay current on the financial and environmental benefits of green building in specific U.S. markets," said Theddi Wright Chappell, senior managing director and national practice leader of Cushman & Wakefield's U.S. Green Advisory Practice.
The top 10 overall markets referenced in the 2011 Green Building Opportunity Index are:
| 1. San Francisco | 2. Midtown NY
|
| 3. Washington, DC | 4. Midtown South NY
|
| 5. Los Angeles | 6. Downtown NY
|
| 7. Boston | 8. Portland
|
| 9. Seattle | 10. Oakland |
Follow me on Twitter @JSumner2 for the Latest Green Building News and Updates.