CBRE study gives Miami green thumbs up

City now ranks ninth in US for green commercial real estate

TRD MIAMI /
Jun.June 26, 2014 05:15 PM

Miami might have been slow to embrace more sustainable and energy-efficient building standards, but according to a new study, the city has raised the bar for green commercial real estate.

The study, which was conducted by CBRE Group and Maastrict University, reported that 19.4 percent of Miami’s commercial real estate is certified as green, putting the city ninth overall in the U.S. Minneapolis ranked first nationally, with 77 percent of its buildings achieving U.S. Green Building Council LEED certification or Energy Star labels.

Miami currently has 79 buildings totaling 21 million square feet of office space certified as green.

According to Miami’s municipal code, all new private development over 50,000 square feet must obtain LEED Silver certification. The South Florida Business Journal reported that since 2005, the number of LEED certified buildings has increased more than 1,000 percent nationwide. [South Florida Biz Journal] – Kerry Barger


Related Articles

arrow_forward_ios
Shorecrest Club Apartments

CBRE fund pays $132M for Shorecrest Club Apartments in Miami

From left: Eric Fixler, Joe Landsberg, Austin Levine and Andrew Hagaman

Movers & Shakers: CBRE expands debt team, Compass takes on two teams in South Florida & more

Joe Carollo and Bill Fuller (Credit: Getty Images and iStock)

Little Havana developer calls commissioner Joe Carollo a fraud in ongoing feud

From left: Kyle Jones of Stiles Corp., Mark Corlew of Grover Corlew, Christian Lee of CBRE, Rod Loschiavo of Colliers International South Florida, and Greg Martin of Avison Young

South Florida office market has upside potential for developers, investors: panel

Miami’s antiquated permitting system gets a reboot, but developers remain wary

Miami’s antiquated permitting system gets a reboot, but developers remain wary

Lawsuit alleges “vague and ambiguous” language could hamper David Beckham’s soccer complex plan in Miami

Lawsuit alleges “vague and ambiguous” language could hamper David Beckham’s soccer complex plan in Miami

Beckham-led group should have registered as lobbyists in MLS stadium bid: Lawsuit

Beckham-led group should have registered as lobbyists in MLS stadium bid: Lawsuit

(Credit: iStock)

Foreigners emerge as the new heavyweights in China’s commercial property market

arrow_forward_ios
Loading...