The office market in the Greater Paris region is now boasting 10% of certified floor space. After only six years since Green Building certification was introduced into the French market, over 5 million square meters (54 million s.f.) of offices have received the French green building certificate HQE which signifies high environmental quality. It is comparable to the other main green building certification systems used around the world. Started in 2005 to cover new constructions it has been extended to buildings in use and renovated buildings.
Demand for green buildings is particularly strong from large listed companies who are keen to provide high performance office space to their employees and clients. These large corporations are making green credentials of buildings more and more a criteria for office selection.
In parallel to this voluntary approach by developers and end users, the French Government has launched an ambitious environmental regulatory drive to help put the French economy and society on a sustainable development path. At the core of this large set of laws are energy efficiency and carbon emission reductions. New buildings will have to reduce their energy consumption by 50% compared to the current legislation and all existing properties need to bring down their energy usage by some 40% by 2020.
The combined result of strong voluntary commitment to green buildings and a stimulating regulatory framework will continue boosting the greening of French office market.