According to the latest edition of the Impacts 2022 program, prepared by Savills World Research, Madrid is one of the 20 cities in the world with the most "green" offices.
Specifically, the Spanish capital has up to 33% of its office park certified as green, compared to the 17% average found in other European cities. The Savills study indicates that in many large cities there is a significant gap between the ambitious zero emissions targets set by municipal governments and the characteristics of existing office parks.
On average, in the 20 cities with the highest number of green buildings, only 28% of the total park has certifications, which means that more than 70% of the existing park will have to be adapted. In this sense, Savills points out that 38% of North American and European cities have already established zero emission goals, while the proportion is 18% in Latin American cities, 17% in sub-Saharan Africa, 14% in Asia-Pacific and 4% in the Middle East and North Africa.
The Savills study shows that there is an increasing demand for the publication of carbon emissions from office buildings. The analysis shows that, proportional to the entire park, the number of certified "green" offices in many cities is quite small. This situation creates global opportunities for real estate developers and investors to increase the number of certified green offices, since many cities face increasingly strict regulations by municipal authorities in their decarbonization policies. The study also points out that some regions with more established office parks face a greater challenge, since they have to modernize the existing stock in an environment conditioned by the increase in construction costs. On the other hand, less thriving markets have a great opportunity to build new buildings that comply with environmental standards from the outset.