Green buildings demand outpace supply

The demand for green buildings is far outpacing supply, at a time when more than 60 percent of carbon emissions in cities are coming from buildings, according to JLL in a recent report.

Demand for sustainable buildings continues to exceed supply. Corporate demand for sustainable buildings is soaring, but only 34 percent of future demand for low-carbon workplaces will be met in the next several years; in fact, for every 3 square meters of demand, only 1 square meter is in the current pipeline. The supply/demand imbalance is especially dire in cities, where aging stock is unlikely to comply with future regulations and carbon reduction commitments.

New cities take the lead on climate regulation for buildings. JLL’s analysis across 16 cities evaluating climate targets & regulations shows cities like New York, Paris and Amsterdam are leading on initiatives to decarbonize new and existing commercial and residential real estate, whereas cities like Riyadh, Abu