Commercial Market Size

An Excerpt from Jerry Yudelson’s Green Building Revolution: To give a measure of perspective, the residential construction market in the United States was $595 billion in 2006, about 70 percent larger than the total nonresidential market…
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But what about cost? If green buildings cost more and certification costs are
onerous,we would expect that most of the activity in green buildings would
be found in government agencies, schools, and universities: institutions
that can afford to take the long view and invest more money up front to
save money on operating costs year after year. That was certainly the case
early in the development and use of the LEED system,when only about onethird
of the project owners (by area, or value) were private corporations.
Lately, however, the pendulum is swinging: private companies and private
developers now represent the majority of LEED projects (ranked by building
area, or value) applying for registration in 2006 and 2007…
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Posted by on 12/08/2007 at 07:53 PM