A new report shows green building in China expanding in the office building market.
In 2015, LEED-certified Grade A office buildings exceeded 5.6 million square meters across 10 major cities in greater China, an increase of 7.4 percent from the previous year, accounting for 28 percent of the total market, according to a new report published by CBRE and USGBC. The report, “Towards Excellence: Market Performance of Green Commercial Buildings in the Greater China Region," builds upon CBRE’s 2015 report, "New Era of China’s Green Buildings," which found that rental premiums for LEED-certified Grade A offices in key mainland China cities—including Beijing, Shanghai, Guangzhou, Shenzhen and Chengdu—enjoy a higher average rental performance ranging from 10 to 30 percent, and are better positioned to weather a downward commercial real estate market.