Breadcrumb
BREEAM USA's 2023 year in review: geographic and sector expansion drive robust certification growth

BREEAM USA's 2023 year in review: geographic and sector expansion drive robust certification growth

Industry-Leading Sustainability Certification Extends U.S. Reach With 96% YoY Growth, Achieving First Healthcare Office Certification Amidst Noteworthy Milestones.

BREEAM, the globally recognized leader for sustainable building assessment and certification developed by BRE Global (‘BRE’), today released highlights from its 2023 calendar year while preparing for a marquee 2024. The platform’s 2023 growth included robust expansion across its North American portfolio, shining a light on BREEAM’s critical role as the only science-backed certification tool available to the commercial real estate sector.

Last year we saw the number of BREEAM-certified assets across North America grow by 96% as the platform expanded into four new states, bringing the number of states boasting BREEAM-certified projects to a total of 31. Iowa, Minnesota, Tennessee, and Wisconsin all welcomed their first BREEAM-certified projects, while several other states witnessed massive expansion; BREEAM certifications more than doubled in California, Florida, Maryland, Pennsylvania, Texas, and Georgia, while Washington state took the lead with 300% growth in BREEAM-certified assets year over year.

Amidst this evolving market landscape, BREEAM deepened its role as an industry leader and the most widely-used certification tool in the market, guiding the global real estate industry on a more sustainable path forward by highlighting critical roadblocks and overlooked opportunities to deliver stronger, more valuable assets across geographies and property types.

Last year we saw the platform’s expansion into a new industry with the first-ever BREEAM-certified healthcare office in North America. Meanwhile, additional asset classes such as office, industrial, and hospitality saw marked development — experiencing annual certification growth of 167%, 133%, and 150%, respectively — as industry leaders like Greystar, LXP Industrial Trust, and Metlife turned to BREEAM for its comprehensive sustainability assessment across diverse commercial portfolios. This industry-level expansion was most evident in the multifamily sector, which experienced a 438% spike in the number of certifications granted nationwide from 2022 to 2023.

Beyond its ongoing certification growth, as part of BREEAM’s ongoing pledge to champion transparency, accountability, and impact, the platform significantly expanded its educational offerings in 2023. Take, for example, BREEAM’s insight-driven ESG Webinar Series, through which expert panels continued to provide timely insights on pressing ESG issues and opportunities such as alignment with GRESB and value retention and climate risk mitigation over the past year.

 

Throughout the new year, BREEAM will continue building on its success, fostering and advancing insightful dialogues around ESG. Bolstered by its growth into new geographies and industries, the platform has entered 2024 poised to empower owners, operators, investors, and other stakeholders through the consistent championing of impactful, science-backed strategies that support a stronger, more sustainable industry.

Want to hear more from BREEAM in the US and around the world? Sign up for the monthly newsletter to receive the latest news from our world-leading experts and access alerts about upcoming webinars and events.

Asset Publisher
Asset Publisher