Green-Building Plans Not Affected by Credit Market 01/09/2009 | Despite concerns about credit availability, 75 percent of commercial real estate executives surveyed by New York City-based Turner Construction Co. for its 2008 Green Building Market Barometer say they would not be any less likely to construct green buildings.Green buildings are designed to be more efficient in their use of energy, water, and other resources. They also create better environments for occupants. The survey, which includes responses from 754 commercial real estate executives, found that green buildings are viewed as having lower energy, operating, and life-cycle costs, as well as higher building values, asking rents, and occupancy rates. Respondents also noted that green buildings can generate greater investment returns. Despite the current economy, and some perceived obstacles to green building, the benefits remain significant. "We are very encouraged to see that real estate professionals continue to recognize the value of building green," says Michael Deane, vice president and chief sustainability officer at Turner. "While companies across all industries have launched green initiatives, construction is central to any discussion of sustainability. Given the demonstrated environmental and economic advantages of green buildings, we are seeing a continued increase in green construction across all market sectors."According to the survey, 84 percent of executives said that energy costs were lower in green buildings; 68 percent said that overall operating costs were lower. Green buildings create an attractive cost/benefit ratio, according to those surveyed, and are considered less expensive than non-green buildings for several key measures of cost. In addition to a reduction in energy costs, improved health and well-being of occupants, increased building value, and higher asking rents were most often cited as benefits of green buildings.For more information on the survey, go to www.turnerconstruction.com. Previous ArticleNext ArticleENERGY STAR Announces 2013 Upgrade of Portfolio Manager Read more on Green Building Operations » Twitter Facebook LinkedIn RSS Email to a Friend * required fields From* To * Message cancel Email Print Print Related Coverage Californian Zero Net Energy Schools Recognized USGBC Increases LEED Energy Performance Requirements ADDITIONAL FM TOPICS Green Building Operations Creating a Recycling Program Green Building Operations Office Refresh – Harmonizing Team and Individual Spaces Green Building Operations Standard to Measure Total Cost of Facility Ownership Green Building Operations Progress Made by Countries Since COP21 Paris Agreement HVAC Why Submetering is Crucial for Reducing Energy Consumption & Cost Roofing Protect Your Building with a Roof Warranty Interiors Sustainable Locker Materials and Solutions for Every Place and Purpose Interiors Five Trends Transforming the Office Space and the Impact on Your Bottom Line Roofing The Keys to Roof Inspections Related Articles Biomass Requirements for Green Building Standard Biomass Projects Encourage Adoption Fuel from Your Facility’s Backyard Wood for Biofuel May Have Adverse Environmental Effects Is Algae the Next Biofuel? Sponsored Links Improve building energy efficiency and reduce maintenance expenses with Polyglass’ Kool Roof Solutions, featuring Polyfresko highly reflective cap sheet and several roof coating options.