REAL Benchmarks

REAL Benchmarks shows users exactly which assets are under- or over-performing against peers, and by how much, within GRESB’s universe of 200,000+ global assets.

It helps managers and companies understand which assets need additional investment in data collection.

Regardless of what type of assets the entity holds or where they are located, REAL Benchmarks allows users to filter by property type, location, and percentage of ownership to view detailed energy and GHG data by cohorts and better understand the projected GHG performance of those assets against decarbonization pathways such as CRREM.

GRESB is the steward of the world’s most comprehensive database of energy and GHG intensities of real estate assets.

Drawing on data from more than 208,000 individual investable assets (and many more individual buildings), REAL Benchmarks can compare the known data points of an asset – like floor size, location, and specific property subtype – to provide a highly representative estimation of its energy and GHG emissions.

If partial energy data is known, this is referenced during the estimation.

Read more about GRESB's Estimation Model.

The REAL Benchmarks dashboard is available for purchase and usable year-round.

The dashboard is available to real estate fund managers only. Individual asset-level data is the sole property of the fund manager. GRESB Investor Members cannot see or request access to the dashboard via the GRESB Portal.

GRESB uses aggregated asset-level data to create meaningful benchmarks and to power estimation tools. Data relating to individual assets is not shared with any party.

The REAL Benchmarks dashboard will display all Standing Investment assets available in the Asset Portal with valid energy data.

Yes. Where energy performance data is missing or incomplete, the REAL Benchmarks dashboard provides estimates powered by the GRESB Estimation Model

The benchmark values in REAL Benchmarks are constructed using the same methodology and asset-level data as the one used for the benchmarking of performance metrics in the GRESB Real Estate Assessment. Only assets with 100% data coverage and a vacancy rate of no more than 20% are included in the benchmark.

First, an attempt is made to construct a benchmark by grouping assets within the same Property Sub-Type and located in the same Country that meet the criteria. If there are not at least 20 values from 5 distinct reporting entities, the Property Sub-Type classification and then the Country specificity are gradually decreased. For example, the Property Sub-Type becomes Property Type and then Property Sector. Then the specificity of the Country is decreased to Sub-Region, Region, Super-Region, and Global.

The initial version of REAL Benchmarks focuses on providing estimation and benchmarking capabilities at the asset level for energy and GHG. We will continue to update and enhance REAL Benchmarks with more features in the future.

REAL Benchmarks is the first of a series of new tools focused on asset-level insights that will be provided by GRESB, which we are calling REAL Solutions. In this case, REAL indicates that the tool is part of this suite of solutions.