In the recent Green Building Opportunity Index, which ranks markets on a variety of factors that promote sustainable development, three Manhattan commercial districts have been placed in the top 10. The index, published by Cushman & Wakefield, ranked midtown second, midtown south fourth and downtown seventh. Cushman & Wakefield attribute New York's prevalence in the top 10 to initiatives taken by the city and state. One such initiative is the Greener, Greater Buildings Plan, which requires the owners of properties larger than 50,000 square feet to benchmark their energy and water usage against 2010. Along with public initiatives, the private sector has identified green projects to be enormous economic opportunities.
For more information visit http://www.crainsnewyork.com/article/20110624/REAL_ESTATE/110629914.
