The Real Deal Miami

NYC scores high on green rank, Miami lags

March 26, 2010 03:30PM

New York City office neighborhoods are making a splash on the green scene, scoring big on the Green Building Opportunity Index from Cushman & Wakefield and an affiliate group of the Northwest Energy Efficiency Alliance, while Miami still lags behind. The index, which measures both real estate market strength and green development prospects in 25 key U.S. business districts, showed two New York City neighborhoods, Midtown and Downtown, cracking the top 10 greenest neighborhoods on the index, coming in at third and seventh places, respectively. Miami, meanwhile, came in 20th, ranking low along with other shaky real estate markets, like Atlanta, Detroit and Phoenix. The report, which measure’s different neighborhoods based on office market conditions, green culture and state energy initiatives, among other factors, showed that government incentives and energy mandates were highest among the three New York neighborhoods included on the list, suggesting that more developers in the region may take up green-focused projects, according to the report. TRD