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 | Jul 30, 2020
Institute for Market Transformation acquires Energy-Efficient Codes Coalition
Goal is to achieve net-zero construction by 2050.
Codes and Standards | Jul 29, 2020
Crackdowns grow on construction firms that fail to follow COVID-19 guidelines
States, cities, and OSHA enforce social distancing, hand-washing regulations.
Codes and Standards | Jul 28, 2020
California utility adopts climate emergency declaration
Sacramento-region company commits to working towards carbon neutrality by 2030.
Codes and Standards | Jul 27, 2020
Updated Energy Plus and OpenStudio building energy modeling tools released
Software offers performance enhancements.
Codes and Standards | Jul 23, 2020
North Carolina will stop relying on FEMA flood mapping
State will identify flood zones on its own.
Codes and Standards | Jul 22, 2020
New version of IAPMO’s Water Demand Calculator is available
Enhanced features include selection between single- and multifamily buildings.
Codes and Standards | Jul 22, 2020
Mobile app calculates sound transmission for wood-framed assemblies
American Wood Council tool for floor-ceiling assemblies.
Codes and Standards | Jul 22, 2020
Architecture billings remain in negative territory, begin to stabilize
Fewer architecture firms report declining billings this month.
Codes and Standards | Jul 20, 2020
N.Y. construction firm to pay $1.5 million to settle sexual harassment claim
Managers said to demand sex for pay and OT opportunities.
Codes and Standards | Jul 16, 2020
Tips to make optimal use of salvaged materials
Integrated teams, staging warehouse, and looking early and often, among recommendations.
