Portland ranks 8th in Green Building Opportunity Index
By Christina Williams
Editor, Sustainable Business Oregon
Portland ranked No. 8 on the Green Building Opportunity Index.
The second annual Green Building Opportunity Index, the work of real estate company Cushman & Wakefield and the Northwest Energy Efficiency Alliance's BetterBricks program, ranks Portland No. 8 in its index of cities with green development opportunities.
Portland ranked 12th last year, the first year the index was released.
The index, developed in Portland, is designed as a market assessment tool, weighing U.S. office markets on the basis of general real estate conditions in addition to factors such as state and local green incentives and square footage of LEED-rated office space.
The top five markets ranked by the index include:
- San Francisco
- Midtown New York
- Washington D.C.
- Midtown South, New York
- Los Angeles
Seattle ranked No. 9 on the list, coming in just behind Portland.
"Seattle's adoption of the Energy Disclosure Ordinance and Portland's stimulus-funded existing building renewal of the Edith Green/Wendell Wyatt Federal Building are two examples that demonstrate how changes to either the regulatory scheme or market fundamentals can dramatically change the market viability of green building adoption," said Peter Wilcox, senior manager of the commercial sector for NEEA's BetterBricks program, in a press release.
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