Green buildings yield significant operational cost savings compared with traditional buildings and produce higher asset values, according to the World Green Building Trends 2016 Smart Market Report, by Dodge Data & Analytics and United Technologies Corporation.
More than 1,000 survey participants from 69 countries said they expect a 14% savings in operational costs over five years for new green buildings, and 13% savings over five years for green retrofits and renovations. In addition, building owners say that green buildings, both new and renovated, carry a 7% increase in asset value over traditional buildings.
These findings explain why building industry professionals forecast that more than 60% of their projects will be built to green standards by 2018. They also support the notion that green leases are becoming more attractive to tenants and investors, who are willing to pay premiums for long-term benefits.
Recent studies have indicated that green workplaces also benefit the bottom line by improving employee productivity and reducing absenteeism, staff turnover, and medical costs.
Related Stories
Codes and Standards | Feb 22, 2018
GBCI will certify underwriting standard for energy efficiency projects
Investor Ready Energy Efficiency (IREE) certification aims to boost confidence in predicted energy and financial savings.
Codes and Standards | Feb 21, 2018
FEMA document provides simplified seismic design provisions for low-hazard regions
Forty four states have areas defined as low-hazard.
Codes and Standards | Feb 20, 2018
Federal budget includes disaster mitigation provisions
Bipartisan bill encourages states to adopt latest building codes.
Codes and Standards | Feb 19, 2018
Easy access to indoor environment controls yields improved efficiency and workplace productivity
JLL/Purdue University project is developing algorithms to improve indoor comfort.
Codes and Standards | Feb 14, 2018
After Energy Star stopped certifying medical properties, a REIT developed its own certification
Welltower uses internal system to evaluate total building performance.
Codes and Standards | Feb 13, 2018
Rezoning, innovative investor enabling development of a “metroburb” in New Jersey
Indoor mixed-use “Main Street” blossoms in giant former Bell Labs building.
Codes and Standards | Feb 12, 2018
Publication provides insight into managing risk of wind-borne debris damage
Explains how models and data are used to assess the risk of structural damage.
Codes and Standards | Feb 8, 2018
EPA’s Water of the U.S. rule delayed for two years while repeal sought
Controversial Obama-era regulation may never be implemented.
Codes and Standards | Feb 5, 2018
Astrophysicist turns his skills toward identifying and predicting location of vacant buildings
Project could help Baltimore and other cities redevelop blighted properties.
Codes and Standards | Feb 5, 2018
Denver’s new green roof mandate raises implementation policies
Voter initiative left many details undecided.
