Green Home Survey

December 17, 2008
Daily Real Estate News | December 16, 2008 |

Surveys Show More Gains for Green Building
In November, the results of more than 10 surveys and reports exploring an array of topics such as worker productivity in green buildings, cost premiums, and perceptions of the business case for going green were released.

Such new data has been in demand lately as building stakeholders attempt to gauge how the credit crunch and a full year of recession have affected green construction.

Almost universally, the research points to another good year in 2009.

The “Green Building Impact Report 2008” from Greener World Media, which quantifies the overall effects of Leadership in Energy and Environmental Design (LEED) certification on industry and the environment, determined that companies in LEED buildings have realized annual employee productivity gains exceeding $170 million as a result of improved indoor environmental quality–a figure that is projected to jump into the billions by 2015 as the number of employees in LEED buildings grows more than tenfold.

The report further predicts an overall “flattening” of the rate of LEED growth as it begins to saturate markets nationwide, but continued expansion in the amount of floor area that is certified.

Other research chronicles how the downturn in construction will affect green building development in the months to come. McGraw Hill’s “2009 Green Outlook” study, for instance, said green building seems to be insulated from the recession and is growing “in spite of the market downturn.”

Meanwhile, at a recent Ernst & Young roundtable of construction company executives, a whopping 99 percent of survey respondents said interest in green development would increase in 2009 or at least remain the same as it is this year.

Eighty percent of respondents in a recent poll by the Building Owners and Management Association (BOMA) International and the U.S. Green Building Council (USGBC) said that energy efficiency measures have defrayed costs, and 65 percent said their green investments have generated a positive return on investment.

Finally, nearly 70 percent of corporate real estate executives described sustainability as a “critical business issue” in a joint survey by CoreNet Global and Jones Lang LaSalle, which is up nearly 20 points from 2007.

Source: CoStar Group, Andrew C. Burr (12/05/08)



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