“Commercial and industrial property owners who oversee green buildings will see a significant savings across energy, trash, water and maintenance costs,” says USGBC spokeperson Leticia McCadden. “Over the next four years (2015-2018), the green construction industry is expected to save $2.4 billion in energy.”
This was evident the US Green Building Council’s Greenbuild 2015 last week. And according to a new green building trends report previewed at the event about 70 percent of survey respondents cite lower operating costs as the greatest benefit of green building.
“Green buildings are better for the environment, better for business and better for the people within them,” says John Mandyck, United Technologies Corp. chief sustainability officer. “Green building activity continues to accelerate, with growing awareness of occupant and tenant benefits, speaking to the fact that the real, tangible benefits of green buildings are becoming more widely recognized.”
Green Building Doubling Every Three Years
United Technologies Corp co-funded the World Green Building Trends 2016 report by Dodge Data & Analytics. It surveyed 1,000 building professionals from 69 countries, building on 2008 and 2012 research, and found respondents across all regions studied projected that more than 60 percent of their projects would be green projects by 2018, with a doubling from current projects across the Middle East, North Africa, Asia, South America and Sub-Saharan Africa.
The largest percentage of green building activity continues to be in the commercial building segment, comprising 46 percent of respondents’ future green building projects. Activity in institutional buildings — schools, hospitals and public buildings — is expected to surpass green building projects in existing buildings (38 and 37 percent respectively) by 2018.
The full findings of the report, which will be available in 2016, reaffirm 2008 and 2012 research that green building is doubling every three years.
Forty percent of respondents noted client demands as a driver for green building activity, followed by environmental regulations (35 percent). Both categories increased over 2008 and 2012 responses. From an environmental perspective, reducing energy consumption (84 percent) and reducing water consumption (76 percent) topped the list as important.
Water Management an Emerging Focus Area
Benjamin Freas, Navigant Research senior research analyst, said at Greenbuild he heard more interest in water management as well as how buildings fit into smart cities. Water management in buildings is an area Navigant continues to watch as well.
“Water has historically been too cheap to worry too much about in commercial buildings,” Freas says. “Increased focus on water scarcity and declining prices of control hardware is starting to unlock the water management market.”