How global cities define ‘green’ in their office markets

Efforts to decarbonise real estate are rising up the agenda as the effects of climate change become more visible. But while international alignment on sustainability standards in property can help to drive more consistent improvements, this is a complex task shaped by local realities.

The concept of ‘green’ in international office markets is fluid. It is defined not only by national legislation, but by city-level policy, incentives, tenant demand and investor expectations.

Local political sensitivities, technical challenges, climate risks and the nature of existing building stock mean that sustainability standards today can vary considerably from one city to another. While national regulation sets the baseline, local governments and market dynamics often lead the way in shaping best practice.

Read More: How global cities define ‘green’ in their office markets | Savills Impacts