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Office space reference guide released

[Published March 2011 and updated June 2023] A comprehensive guide to leasing office space around the world has been released by global commercial real estate firm CB Richard Ellis (CBRE).

The guide, dubbed Global Office Occupier Guide, gives guidelines on how to lease office space in 56 countries around the globe. Protocol, occupation costs, lease length and space measurement practices are among the information supplied by the guide.

Dr Raymond Torto, CBRE’s Global Chief Economist, said: “The business world has become flatter and success and growth today are predicated on a strategic understanding of all key global markets and leasing practices.

“The Global Office Occupier Guide is an essential reference tool for all those doing real estate across the world’s office markets.”

The report is available for iPhone users, who will be able to view the guide through CBRE’s app on iTunes.

As well as multiple countries around the world, the guide has separate sections dealing with leasing office space in Hong Kong and Manhattan.

CBRE is currently the world’s largest property manager, overseeing 750 million square feet of property in the US alone.

In 2006, the company stated that its goal was to become completely carbon-neutral in four years. It is currently reviewing its 2010 results to gauge whether it has been successful.

CBRE’s National Director of Sustainability, David Pogue, recently told the Memphis Commercial Appeal that a company survey found that buildings with Leadership in Energy and Environmental Design (LEED) certification or other green credentials garner, on average, 1.46 per cent higher rent.

Becoming LEED-certified can add $5.6 million to a building’s value, he added.

Already, in New York, 10.1 per cent of buildings are LEED-certified, with that number climbing to 25 per cent in Los Angeles and 35 per cent in Houston.

Editor’s notes: In December 2021, the US Green Building Council (USGBC) reported that 40 per cent, some 170 million square feet, of Manhattan office space had achieved some level of LEED certification.

During the first half of 2022, more than 23 million square feet of new office space became LEED-certified or recertified across California.

In the same period, across Texas, the volume of newly LEED-certified or recertified office space totalled 9.2 million square feet.

In October 2021, CBRE announced it aimed to achieve net-zero carbon emissions by 2040 after signing The Climate Pledge, a commitment to achieving net-zero carbon 10 years ahead of the goal set in the Paris Agreement.

In February 2026, the USGBC published a list of the top countries and regions for LEED certification, compared to the U.S.

It found that Mainland China ranked second to the U.S., with a total of 50,129,023 square metres of LEED-certified commercial space, at 26,645,737 square metres, and India ranked third with 16,111,512 square metres.



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