Chicago claimed the top spot on Green Building Adoption Index study by CBRE and Maastricht University

Green Building Adoption Index Shows More “Green” in Cities with Benchmarking Laws

Los Angeles, 2017-Jul-08 — /EPR Retail News/ — 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.

MEDIA CONTACT:

Robert McGrath
212.984.8267
robert.mcgrath@cbre.com

SOURCE: CBRE Group, Inc.

CBRE marks the tenth consecutive year of being recognized for ENERGY STAR performance

CBRE recognized for its ongoing commitment to protect the environment

Los Angeles, 2017-Apr-07 — /EPR Retail News/ — The U.S. Environmental Protection Agency (EPA) has recognized CBRE Group, Inc. (NYSE:CBG) with a 2017 ENERGY STAR® Partner of the Year – Sustained Excellence Award for its continued leadership in protecting our environment through superior energy efficiency. This marks the tenth consecutive year that CBRE has been recognized for ENERGY STAR performance.

Since its inception, ENERGY STAR and its partners have helped prevent a total of more than 2.8 billion metric tons of greenhouse gas emissions, providing societal benefits by reducing damage from climate change. ENERGY STAR and its partners save American businesses and consumers 503 billion kilowatt hours and $34 billion on their energy bills annually.

“During the past decade we have worked diligently to expand our efforts to use the tools of the EPA to benchmark our portfolio, educate and train our staff on energy efficiency and provide consistently positive outcomes for our clients and their properties,” said David Pogue, CBRE’s Global Director of Corporate Responsibility. “Since we began our efforts in 2006, we have relied upon the resources of EPA ENERGY STAR, making it the foundation of our practice. It is as important to our success today as it was the day we started. We are proud to be associated with EPA.”

CBRE assists owners and occupiers with energy efficiency programs at properties it manages around the world and ENERGY STAR is a powerful tool that is driving sustainability and has become an industry recognized symbol of highly efficient space. Since CBRE first developed its environmental sustainability program in 2006, ENERGY STAR has remained the operational framework for advancing energy efficiency practices in the company’s managed portfolio.

These efforts have produced strong results:

  • Since 2007, CBRE has successfully improved its average ENERGY STAR score, achieving a cumulative increase of 9.5% and was in the top quartile of performance in 2016;
  • CBRE experienced a cumulative 16% reduction in average normalized site energy intensity over the past 10 years, including a savings of 19,836,450,762 kBtu, the equivalent of reducing 9,791,731 passenger vehicle miles driven in an entire year;
  • CBRE has 1,975 buildings representing more than 314.5 million square feet participating in the program, significantly more than from any other third-party management firm;
  • CBRE’s 288 labeled ENERGY STAR buildings under management represent nearly 3.5% of the total U.S. office buildings labeled.

CBRE offers a wide range of sustainability initiatives under its environmental sustainability program, which includes global commitments in 11 key areas of environmentally sound performance. These include resource management, occupancy, communications and training, public policy and procurement. The program provides best practices and initiatives that strengthen CBRE’s own environmental commitment, reflect the best environmental practices in our clients’ properties, and provide vital training and education to CBRE professionals.

About ENERGY STAR
ENERGY STAR has 16,000 partners working to protect the environment through greater energy efficiency, including manufacturers, retailers, public schools, hospitals, real estate companies, and home builders. Since 1992, ENERGY STAR and its partners have saved American families and businesses $430 billion on their energy bills and 4.6 trillion kilowatt-hours of energy, while achieving broad emissions reductions—including 2.8 billion metric tons of greenhouse gas emissions. ENERGY STAR® is the simple choice for energy efficiency. For 25 years, EPA’s ENERGY STAR program has been America’s resource for saving energy and protecting the environment. Join the millions already making a difference at energystar.gov.

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.

MEDIA CONTACT:
Robert McGrath
Senior Director, Global Media Relations
+1 212 9848267

Source:  CBRE Group, Inc.

U.S.Green certified buildings now represents 40.2 percent according to third annual Green Building Adoption Index study

Los Angeles, 2016-Oct-13 — /EPR Retail News/ — Institutional owners 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 percent of all surveyed buildings, representing 40.2 percent of all office space. Both figures are slightly above last year’s results, according to the third annual Green Building Adoption Index study by CBRE Group, Inc. and Maastricht University. “Green” office buildings in the U.S. are defined as those that hold either an EPA ENERGY STAR label, USGBC LEED certification or both.

After placing second on the Green Building Adoption Index the two prior years, the San Francisco market claimed the top spot with 73.7 percent of its space qualified as green certified. Chicago claimed the second spot, narrowly trailing the leader at 72.3 percent and Minneapolis fell from the top into third spot at 60.6 percent. Houston, Atlanta and Los Angeles all also achieved more than 50 percent green certification in their office markets.

“While the rate of growth in ‘green’ buildings has slowed modestly, our latest study underscores that in most major markets, sustainable office space has become the ‘new normal,’” said David Pogue, CBRE’s Global Director of Corporate 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 significant, the rate of adoption is slowing. In 2014 the total sq. ft. of green office space in the top 30 markets was 39.3 percent compared to the latest rate of 40.2 percent.

“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 previously certified did not renew their certification in 2015. This does not necessarily mean that the energy use of these buildings 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 certification for each building in all 30 markets.

Executed in close collaboration with the U.S. Green Building Council (USGBC) and CBRE Research, this is the third 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 2015 revenue).  The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 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.

MEDIA CONTACT:
Robert McGrath
Senior Director, Global Media Relations
+1 212 9848267

Source:  CBRE Group, Inc.

CBRE / Maastricht Uni study: significant gap between large and small office buildings in achieving sustainability certification

62% of large buildings qualify as green, compared to less than 5% of small buildings San Francisco closing in on Minneapolis in green market rankings

Los Angeles, 2015-6-25 — /EPR Retail News/ — Owners of small buildings have an opportunity to differentiate themselves by implementing energy-efficient practices, due to a significant gap between large and small office buildings in achieving sustainability certification, according to a new study by CBRE Group, Inc. and Maastricht University.

The 2015 Green Building Adoption Index, a joint project of CBRE and Maastricht, found that 62.1 percent of office buildings in the U.S. greater than 500,000 square feet are considered “green” (holding either an EPA ENERGY STAR label, U.S. Green Building Council (USGBC) full-building LEED certification or both). In contrast, only 4.5 percent of all U.S. office buildings less than 100,000 square feet qualified as green.

“Our 2015 study confirmed that green building adoption has been primarily a big building, first-tier city phenomenon,” said David Pogue, CBRE’s global director of corporate responsibility. “It would appear that many smaller buildings in the majority of large markets still have an opportunity to be ‘best in class’ among their peer set by achieving these certifications.”

Minneapolis led the city ranking for the second consecutive year, with 70.4 percent of all office space currently qualified as green, down from 77.0 percent in 2014. San Francisco, again in second place, significantly closed the gap and now boasts a 70.0 percent green market, up from 67.2 percent in 2014. Chicago, at 63.4 percent, was third, while Atlanta (57.8 percent) and Houston (52.9 percent) swapped positions at fourth and fifth. The top 10 cities on the 2014 list all retained a place on the 2015 list.

The overall results of the study show that the uptake of green building practices in the 30 largest U.S. cities continues to be significant, but that the growth is slowing. At the end of the fourth quarter of 2014, 13.1 percent of the commercial building stock had an ENERGY STAR label, LEED certification, or both, compared to 13.8 percent at the end of 2013. Measured by size, the amount of certified commercial space also decreased from 39.3 percent in 2013 to 38.7 percent at the end of 2014.

“This decrease does not imply that buildings are starting to perform worse than before. Rather, it 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, it appears that some of the buildings that were previously certified did not renew their certification in 2014. This does not necessarily mean that the energy use of these buildings has changed, but that some owners and managers choose not to spend the time or expense to reapply for certification every year.”

Executed in close collaboration with the USGBC and CBRE Research, this is the second 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.

GBAI 2015 graph.jpg

GBAI 2015 graph.jpg

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 (in terms of 2014 revenue).  The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com​​.

For Further Information

Christy Ingle
T +1 949 7258591
email

Corey Mirman
T +1 212 9846542
email

EPA awarded CBRE Group, Inc. 2015 ENERGY STAR® Partner of the Year – Sustained Excellence Award

2015 Energy Star® Partner Of The Year-Sustained Excellence
Top Service Firm In “Certification Nation” Promotion​

Los Angeles, CA, 2015-4-8 — /EPR Retail News/ — The U.S. Environmental Protection Agency (EPA) has awarded CBRE Group, Inc. (NYSE:CBG) a 2015 ENERGY STAR® Partner of the Year – Sustained Excellence Award in recognition of its continued leadership in protecting the environment through superior energy efficiency achievements. This marks the eighth consecutive year that CBRE has been recognized for ENERGY STAR performance.

CBRE also took top honors among all real estate service providers by certifying 406 buildings during 2014—the most of any building owner or manager in the year-long Certification Nation promotion sponsored by EPA. Certification Nation 2014 celebrated 15 years of ENERGY STAR certification for buildings by awarding special recognition for multiple-building certifications and CBRE achieved the highest accolade, “Elite Member,” in that program.

Since its inception in 1992, ENERGY STAR and its partners have helped prevent a total of more than two billion metric tons of greenhouse gas emissions. In 2013 alone, ENERGY STAR and its partners provided more than $11 billion in societal benefits due to reducing damages from climate change.

“Sustainability is a core value of our company and our service to clients, “said David Pogue, CBRE’s Global Director of Corporate Responsibility. “Our partnership with ENERGY STAR is an essential way we increase energy efficiency and deliver real advantage for our clients,”

“Being named an Elite Member of the Certification Nation program recognition is a further testament to the strength of our sustainability program and the dedication of our Asset Services teams,” Mr. Pogue added.

“Through their sustained participation with ENERGY STAR, CBRE is helping Americans save money, save energy, and do their part to reduce our nation’s greenhouse gas emissions that fuel climate change,” said EPA Administrator Gina McCarthy. “I applaud CBRE for earning EPA’s highest ENERGY STAR award, the 2015 Partner of the Year – Sustained Excellence Award, demonstrating a strong commitment to energy efficiency and to preserving a healthy planet for future generations.”

CBRE assists owners and occupiers with energy efficiency programs at properties it manages around the world. Since first developing CBRE’s sustainability program in 2006, ENERGY STAR has remained the operational framework for advancing energy efficiency practices in its managed portfolio. These efforts continue to produce powerful results:

  • ​Since 2007, the company has benchmarked office buildings managed by its U.S. Asset Services Group with ENERGY STAR.
  • Today, 1,229 buildings representing more than 229 million square feet are participating in the program, significantly more than from any other third-party management firm.
  • In comparison with the previous year, the 1,229 participating buildings experienced a savings of 3,392 metric tons of CO2e; the equivalent of reducing 8,078,571 average passenger vehicle miles driven in an entire year.
  • CBRE’s 406 ENERGY STAR buildings under management represent almost 5% of the 8,804 U.S. office buildings labeled.

CBRE offers a wide range of sustainability initiatives under its Environmental Sustainability program, which includes global commitments in 11 key areas of environmentally sound performance, including resource management, occupancy, communications and training, public policy and procurement. The program provides best practices and initiatives that strengthen CBRE’s own environmental commitment, reflect the best environmental practices in our clients’ properties, and provide vital training and education to CBRE professionals.

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 (in terms of 2014 revenue).  The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website atwww.cbre.com​.

About ENERGY STAR
ENERGY STAR was introduced by the U.S. Environmental Protection Agency in 1992 as a voluntary market-based partnership to reduce greenhouse gas emissions through increased energy efficiency. Today, ENERGY STAR offers businesses and consumers energy-efficient solutions to save energy, money, and help protect the environment for future generations. 16,000 organizations are ENERGY STAR partners committed to improving the energy efficiency of products, homes, and buildings. For more information about ENERGY STAR, visit www.energystar.gov or call toll-free 1-888-STAR-YES (1-888-782-7937).​​​

For Further Information

Robert Mcgrath
T +1 212 9848267
email

Corey Mirman
T +1 212 9846542
email