U.S. Green Building Activity to Grow 146% by 2013
The combined commercial and residential green building markets should grow nearly 146 percent from 2009 to 2013, according to research from Zpryme. In 2009, the combined markets represented $52.3 billion, but by 2013 the total should be $128.6 billion.
The commercial/institutional market for green building should grow 137 percent from 2009 to 2013, from $26.5 billion to $63 billion.
By sector, public facilities and education are leading 2009 green building activity at 30 percent and 24 percent, respectively. Commercial green building accounts for about 20 percent of the 2009 activity, followed by health care (11 percent) and industrial and R&D (both 5 percent).
The commercial sector should get a boost from the news that major real estate firms have signed up for a pilot program that would help building owners, prospective tenants and buyers ascertain the energy efficiency of a building. The Building Energy Quotient program – Building EQ for short – is administered by the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE).
The Durst Organization, the U.S. General Services Administration and BNIM Architects are among the initial participants in Building EQ.
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