The term “green building” is a hot topic in the construction and real estate industry, but with different meanings depending on the perspective.
Released by Dodge Data and Analytics, ‘The World Green Building Trends 2018 SmartMarket Report found that support for the green building sector is growing globally.
The survey shows that global green building activity continues its ascent, with significant increases expected in 19 countries over the next three years. Almost half of the total respondents say they expect to build more than 60 percent of their projects as green buildings by 2021. Building owners, especially, were excited about the growth in green building, with 57 percent planning to make the majority of their projects green by 2021.
In addition, two-thirds of the survey participants reported that using a rating system such as LEED allows them to create a better-performing building. More than half of respondents believe that rating systems provide rigorous third-party verification that ensures buildings operate sustainably. Business benefits such as decreased operating costs, short payback periods and asset value increases are strong drivers of green building, but creating healthier indoor environments is also growing as a major motivator. The top triggers globally for green building activity are client demand, environmental regulation and occupant health, but the rankings vary for different
Among building sectors, new commercial construction continues to lead in green building projects (with 51 percent of global respondents planning such projects), well ahead of new institutional construction (38 percent), retrofits (37 percent) and new high- and low-rise residential (35 and 30 percent, respectively). Previously conducted in 2012 and 2015, this study has the broadest reach yet in 2018, with over 2,000 participants from 87 countries responding to the survey. Respondents include architects, designers, contractors, builders, consultants, developers, engineers and investors.
Around the world, designers and built environment professionals are investigating sustainable alternatives for design and construction, and sustainability values are now central to global design practice.