Cushman & Wakefield, in collaboration with the Northwest Energy Efficiency Alliance’s BetterBricks Initiative, recently released its second annual Green Building Opportunity Index and three New York City submarkets cracked the top ten. Midtown, Midtown South, and Downtown placed second, fourth, and seventh, respectively in the Index. One of the goals of this initiative is to assist urban planners and policymakers in examining data to understand what new policies and incentives may be useful in accelerating green building practices at the local level.
The Green Building Opportunity Index provided weighted assessments of the top 30 U.S. office markets on the basis of both real estate fundamentals and development considerations. It ranked each market on a scale across six different categories: (1) office market conditions; (2) investment potential; (3) green adoption and implementation; (4) local mandates and incentives; (5) state energy initiatives; and (6) green culture.
Out of thirty markets that were assessed, this is how the three submarkets of New York City ranked in the different categories:
