Chicago Named America's Greenest City

The green rooftop at Testa Produce, Chicago
Chuck Sudo/Bisnow
The Green Rooftop At Testa Produce In Back Of The Yards

Chicago is the top market in the U.S. for sustainability, with 66% of its office building footprint qualified as green, according to the fourth annual Green Building Adoption Index study by CBRE and Maastricht University.

The study, which centered on the top 30 U.S. office markets, determined that institutional investors continue to seek green building certifications. Energy Star certifications account for 10.3% of all buildings surveyed and 4.7% of those buildings attained LEED certifications. In the top 10 markets, the drive toward green and sustainable is mostly driven by local governments: Nine of the top 10 markets have implemented benchmarking ordinances for sustainability, including Chicago.

Tenant demand is another driver. Twelve of the top 25 Chicago-area lease transactions in 2016 were in LEED-certified buildings; those 12 deals totaled 3M SF. The deliveries of 150 North Riverside and River Point increased Chicago's green office building stock by 6.5%, enough to claim the top spot from San Francisco.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

Cross Ocean Partners, Fuller Realty Acquire 829K SF Houston Office Campus

108-Acre Hawthorne Race Course Buyer Could Put Data Center On Site

NYC Office Investor Warns It Could Go Under As Defaults Pile Up

Deutsche Bank Takes 5 Floors At Oaktree And Quadrant's Canary Wharf Scheme

Coconut Grove Office Flipped For $15M Gain After One Year

D.C.'s Office Market Is Getting A Makeover

Oxford Properties Pays $435M For Boston Office Tower, Eyes More Deals

Oak Brook Investor Scoops Up Suburban Multifamily Community: The Chicago Deal Sheet

Judge Rules FBI Can't Scrap Maryland Headquarters Plan

EXCLUSIVE: Opal Holdings' Former 700K SF Suburban Chicago Office Campus Hits The Market

Judge Approves $70M Sale Of Philly's Largest Office Complex

Big-Box Deals Push Chicago Industrial Leasing Into National Top 3