Dodge Reports International Growth in Green Building

Glass Magazine
November 12, 2018
COMMERCIAL, RETAIL, FABRICATION

Forty-seven percent of those participating in Dodge Data & Analytic’s World Green Building Trends 2018 SmartMarket Report say they expect a majority of their projects—more than 60 percent—will be green construction by 2021. The new industry report indicates that the international market for green construction projects has grown significantly in the last 10 years and demand for green building activity is poised to grow, and even double in some regions. The report found a 20-point projected jump from those who currently report a majority of green projects.

“As the world’s largest provider of building technologies, we’ve seen the shift toward more efficient, sustainable buildings,” says Chris Nelson, president, commercial HVAC for Carrier, premier sponsor of the study. “The fact is, green buildings provide a triple win—delivering measurable benefits for building owners, occupants and the public from reduced operating costs, improved indoor air quality and reduced energy consumption. The trends uncovered in this report reflect what we’re seeing in our business—building green is good for the public health, the environment and the bottom line.”  

Nineteen countries are featured in the report, spanning six continents, and substantial growth in the percentage doing the majority of their projects green is expected in each, say researchers. “Enthusiasm for green building is clear in all major markets measured, and that is driven by the business benefits they receive, which have stayed consistent since 2012,” says Donna Laquidara-Carr, industry insights research director with Dodge Data & Analytics. “These benefits include eight percent operating cost savings in the first year and increased building asset values of seven percent for new green buildings, which are clearly influencing all those who do green building to deepen their engagement with green.”

Similar benefits were reported for green building retrofits and renovations. “Retrofitting buildings is critical to meeting our carbon-neutral goals,” says Carl Elefante, 2018 president, American Institute of Architects. “This data shows that not only is it good for our planet, but it can also mean an operating cost savings of almost ten percent in the first few years. While that may serve some motivational value, greater incentives and improved policies are necessary in the United States and beyond to make the meaningful building retrofits that we need a reality.”

The report also found that the biggest challenge to increased green building—the perception that it costs more than traditional construction—declined dramatically from over three-quarters in 2012 to under half today.

Another noteworthy highlight is that many respondents plan to build green in the next three years without seeking certification. However, over two thirds of study participants using certification find that doing so allows them to create better performing buildings; a finding echoed by other studies, say the researchers.