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Articles - CEE Green Building Awards

Is investing in green office building certification worth it? CBRE's analysis shows their impact on rent and occupancy

More than 40% of all office real estate on the domestic market is certified by one of the internationally recognized systems that confirm its sustainability: the British BREEAM or the American LEED. In this respect, the Czech Republic, together with other countries in the CEE region, ranks among the champions of the whole of Europe - the average is around 20%. Much has been written about the positive impact of certified buildings on the health and well-being of employees, minimizing environmental impacts and saving operating costs. However, one question remained unanswered: how is the certification of office buildings really reflected in their performance, ie prices per square meter of rented space and occupancy? CBRE, the world leader in commercial real estate services, is now providing the key answer. It is based on an analysis of almost 22,000 leases concluded in the last five years in 12 European countries, including the Czech Republic.

SHOULD WE GO GREEN?

Are Green Building Certifications rising? According to the inaugural International Green Building Adoption Index (IGBAI) - a study by CBRE and Maastricht University (Netherlands) -- major metropolitan office markets across the globe are seeing a significant increase in the adoption of "green" building certification programs. The study reports that 18.6 percent of space in 10 markets across Australia, Canada and Europe is now certified "green" versus just 6.4 percent in 2007.

The CEE Investment & Green Building Awards

The annual CEE Investment & Green Building Awards Gala and Investment Summit, being held on October 30th in Warsaw at the prestigious Intercontinental Hotel, is recognized as one of the most important and valuable real estate events in Central and Eastern Europe. With its unique international real estate business mix the event, now in its fourth year, is expecting over 300 industry leaders active in the CEE region.
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