MIAMI—Last week I reported on Atlanta's high ranking on the 2015 Green Building Adoption Index, a joint project of CBRE and Maastricht University. Miami doesn't exactly stack up to Atlanta but it's competing well on the national scene. With 41.6% of its office space considered “green,” Miami ranked ninth of 30 markets on the index.

Before we dive deeper, let's define what CBRE means by green. For this report's purpose, green office space is property that holds either an EPA ENERGY STAR label, U.S. Green Building Council (USGBC) full-building LEED certification or both.

Using square feet as a measure, 41.6% of Miami's office market is “green." That's well above the national average of 38.7%. What's more, Miami ranked particularly well in terms of number of buildings considered green at over 17%. By square feet, 21.84% of Miami's office market has a LEED certification, and over a third of the office market is ENERGY STAR rated.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.