Green building is doubling every three years, according to Dodge Data & Analytics' World Green Building Trends 2016 report.
This finding validates research from previous research. The report cites new trends and drivers including a rise in green building in emerging economies and increased pressure from clients and tenants for sustainability.
The survey found that 50% of respondents said higher perceived costs was the top barrier to green building, a decline from 80% in 2008 and 76% in 2012. Developing countries consider lack of public awareness and lack of political support as a key barrier to green building, while the perception of green building in the U.K. is that it's for high-end projects only.
“Seventy percent of survey respondents cite lower operating costs as the greatest benefit – and these results provide a roadmap to continue growing this important segment," according to Bob McDonough, president of UTC Climate, Controls and Security. "It becomes a cycle as building owners seek to create healthy, energy-efficient and productive environments as a selling point to tenants."
Related Stories
Green | Jun 8, 2016
TD Bank Group's renovated Toronto office is first WELL-Certified project under WELL v1
The newly renovated 25,000-sf space achieved gold-level status.
Shopping Centers | Jun 3, 2016
Developer Robinsons Land adds powerful PV arrays to 10 malls in the Philippines
The Robinsons Starmills mall in San Fernando recently turned on a 2.9 megawatt rooftop PV plant.
Green | Jun 2, 2016
USGBC offers new LEED pilot credit: Building Material Human Hazard and Exposure Assessment
For assessing human health-related exposure scenarios for construction products.
Green | May 31, 2016
Miami Beach requires developers to meet green standards or pay a fee
Applies to structures larger than 7,000 sf.
Codes and Standards | May 25, 2016
LEED Dynamic is worth the effort, says commercial real estate executive
San Diego office tower is California’s first office building to receive LEED Dynamic plaque in recertification.
Green | May 23, 2016
Perkins+Will achieves first Living Building Challenge Certification with Vancouver visitors center
The VanDusen Botanical Garden Visitor Centre was recognized for its use of healthy building materials, on-site renewable resources, and filtered rainwater to meet greywater requirements.
BIM and Information Technology | May 20, 2016
AIA and Autodesk introduce new feature to automate 2030 Commitment reporting data
The new automated connection will allow the more than 350 AIA 2030 committed firms to report their project and portfolio performance to the DDx directly from Autodesk Insight 360.
Green | May 16, 2016
Development team picked for largest Passive House project in North America
The 24-story curved building would be 70% more efficient than comparable housing in New York City.
Green | Apr 27, 2016
Top 10 green building projects for 2016
The Exploratorium at Pier 15 in San Francisco and the West Branch of the Berkeley Public Library are two of the projects recognized by AIA COTE as the top green buildings of 2016.
Codes and Standards | Apr 25, 2016
GSA adopts SITES land development and management rating system
Federal agency will use for properties with and without buildings.