Green building certifications are becoming more popular in international property markets.
Major urban office markets around the world are seeing a considerable increase in the adoption of "green" building certification schemes, according to the inaugural International Green Building Adoption Index (IGBAI), a study by CBRE and Maastricht University (Netherlands). According to the survey, 18.6% of space in ten markets throughout Australia, Canada, and Europe is now certified "green," compared to only 6.4 percent in 2007. villa qatar Canadian cities are leading the way, with 51.6 percent of area in Vancouver and 51.0 percent in Toronto certified as "green." This is especially noteworthy in Vancouver, which has a formal goal and action plan - "Greenest City 2020" - to become the world's greenest city by 2020. Green building trends will continue to drive both new development and refurbishment of office product in Vancouver and Toronto. More than half of the 1.5 million square feet of product under construction in Vancouver is bein...