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 Email Share Share Other Open Social Related Coverage Digital Platform Launched to Share Green Building Information ULI Explores Stormwater Management with Green Infrastructure Finding Rebates and Incentives for Lighting Upgrades Related Articles Green Building Operations 22 Organizations Receive $1.3 Million in Urban Waters Grants Green Building Operations Sorting Out Green Certifications for Paints and Coatings Green Building Operations Creating a Recycling Program Green Building Operations Office Refresh – Room to Grow for a Dynamic Research Firm Life/Fire Safety 7 Most Essential NFPA® Standards for Building Owners Sustainability / Resilience How to Future-Proof Your Building Building Controls The First Steps of Adding Intelligence to Your Facility Energy Management How to Increase Productivity and Engagement in Outdoor Spaces Building Controls Fine-Tuning HVAC Controls for Maximum Efficiency Related Articles Cooking Oil and Tires: The Future of Biofuel? Bacteria That Can Improve Bio-Based Fuels Biomass Requirements for Green Building Standard Biomass Projects Encourage Adoption Fuel from Your Facility’s Backyard Sponsored Links Smart roof systems improve building energy efficiency. Polyglass’ Polyfresko® cap sheets with CURE Technology® saves on energy. Engineered to perform, Polyfresko has superior granule adhesion and excellent puncture, stain and UV resistance. Increase profitability by cleaning smarter and transforming your building into a high performing asset. Get tips from High Performance Building experts Whether it’s earning an IREM credential or increasing your job skills, any goal in property management can be accomplished with IREM education. Click here to visit our website!