CBRE Greenstar Report

We undertook a deep-dive of Green Star ratings across office buildings in Australia.  We find three compelling reasons for getting certified and improving over time:

• 68% or two thirds of 6 Star and 5 Star rated buildings had over 90% occupancy rate. 
• On average, occupancy rate improved by 2% for each notch of ratings,  4 Star vs 5 Star vs 6 Star. This should provide landlords with an incentive to pursue on-going upgrades to energy efficiency features.
• 82% of new supply that has or is coming to the market over the past seven years has been rated 6 Star and 18% has been 5 Star.