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02/23/2016

Green Buildings Are 9% Cheaper to Operate

Efficient construction, retrofits expected to surge through 2018

 

Efficient construction, retrofits expected to surge through 2018.

Commercial building

Green building projects continue to grow around the world with good reason, as a new report shows that median operating costs can drop by as much as 9% for efficient facilities in the next year. The World Green Building Trends study also found building owners report a median value increase of 7% and projects the value of green properties to double by 2018.

The survey, which polled over 1,000 building professionals worldwide, found that a growing number of U.S. respondents predicted over 60% of their upcoming projects would be green in 2016 compared to 24% in 2015. The U.S. was also noted for leading globally in green facility retrofits, with 43% of respondents planning projects in the upcoming years compared to just 37% for the rest of the world. American building owners still have room to improve, with just 57% of respondents saying that they use metrics to track performance, which is much lower than the global average of 75%.