Buckhead is one of the submarkets credited with pulling the Atlanta office market through the recent recession; it made up about 14$ of Atlanta’s total absorption in 2012 with only two submarkets doing better (Central Perimeter – 25%, Midtown – 17%). But Buckhead is leading Atlanta in another direction as well – towards improving the city’s energy and water consumption.
So far, 41 Buckhead buildings (over half of all buildings in the shopping and financial districts) have entered the Atlanta Better Buildings Challenge. With the recent addition of Lenox Square and Phipps Plaza mall, the total number of building participating comes to 120. The 120 buildings account for more than 65 million square feet in the Buckhead, Midtown, and Downtown submarkets.
The goal of the Atlanta Better Buildings Challenge is the decrease the city’s energy and water consumption by 20%. They have currently decreased the consumption percentages by an impressive 9%.Share