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
Roofing | May 16, 2016
New guide focused on increasing energy and structural performance with raised-heel trusses
Higher trusses simplify attic ventilation, leave more space for insulation.
Codes and Standards | May 11, 2016
Current California seismic codes provide safety, resiliency, but needed upgrades present challenge
Los Angeles requires seismic retrofits, but other cities do not.
Codes and Standards | May 10, 2016
Apple spars with Cupertino, Calif., mayor over strained city infrastructure
Apple’s new ‘spaceship’ campus project prompts questions about whether the company should pay more to offset traffic woes.
Codes and Standards | May 9, 2016
Safety Stand-Down yields proposals to boost construction safety
One example: Gilbane encourages safety harnesses for all working above 6 feet.
Codes and Standards | May 9, 2016
EcoDistricts unveils sustainable neighborhood framework
Focus is on equity, resilience, and climate protection.
School Construction | May 3, 2016
Florida clamps down on school construction spending
Critics fear rules will hamper ability to build schools with desired features.
Resiliency | May 2, 2016
Connecticut to develop new code standards for resiliency
Expected more frequent severe weather events due to climate change prompts review.
Contractors | Apr 29, 2016
OSHA issues advisory to protect workers from Zika virus
Construction industry workers considered at high risk.
Codes and Standards | Apr 28, 2016
New research finds 30 measures to significantly cut energy use
ASHRAE’s prescription cuts across all building types and climates.
Codes and Standards | Apr 27, 2016
Florida gives developers more time to install first responder radio signal systems
Expensive upgrades can be postponed for several years.
