How Will Green Building Fare During the Great Recession?
See my take on this, via press release and YouTube video. What I found in my research is that green building is accelerating - the numbers keep going up and up. Whether it’s residential construction, commercial development, or retrofitting of older structures, the trend is accelerating. My projections are for a growth rate this year for the overall green building industry of at least 50%.
The press release outlines more detail on these projects. We’re likely to see government projects continue to aim at LEED certification. A recent report showed more than 2,000 LEED registered Federal government projects, with more than 150 certified, representing about 10 to 12 percent of all registered projects and about 7 percent of all certified projects. Federal use of the LEED system has accelerated in the past three years. It’s the same in the commercial construction arena. My research indicates there are more than 17,000 green building projects worth an average of $15 million now moving forward in the U.S. One reason is that green is now a key differentiator. Take the new Bank of America Tower opening this year in New York City. It’s expected to be certified LEED Platinum. It’s got two million square feet of space, cost almost $1 billion, and it’s met the highest standards for both environmental construction and commercial development. That indicates you can go green with any type of building.
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