In November 2022, CBRE Econometric Advisors published a report outlining how local and state government mandatory regulations are aimed at combating greenhouse gas emissions in the real estate sector. Over the past decade, these mandatory Building Performance Standards policies have gained momentum, as an increasing number of local jurisdictions act to mitigate climate change impacts and support building decarbonization. In 2023, 10 more local jurisdictions across the country joined the growing list of BPS implementation.