According to a new report released by Dodge Data & Analytics, titled "World Green Building Trends 2018 SmartMarket Report," 47 percent of those participating in the survey upon which the report is based expect to do more than 60 percent of their projects "green" by 2021. Those surveyed (over 2,000) included architects, engineers, contractors, owners and investors from 86 countries.
In sum, according to Dodge, "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—to even double in some regions." In fact, according to the report, there has been a 20-point jump in green projects among those that currently report being involved a majority of such projects.
The new report features 19 countries, and substantial growth in the percentage of those doing the majority of their projects green is expected in each.
"Enthusiasm for green buildings is clear in all major markets measured, and that is driven by the business benefits they receive, which have stayed consistent since 2012," said Donna Laquidara-Carr, Ph.D., LEED AP, and industry insights research director for Dodge Data & Analytics. "These benefits include 8 percent operating cost savings in the first year and increased building asset values of 7 percent for new green buildings, which are clearly influencing all those who do green buildings 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," said Carl Elefante, president of the American Institute of Architects. "The data show that not only is it good for our planet, but it can also mean an operating cost savings of almost 10 percent in the first few years."
"The study, supported by our Green Building Councils in five regions, demonstrates that green building is seen by the industry as a key business benefit," said Terri Wills, CEO of the World Green Building Council. "Additionally, around the world, green building is considered to have an impact beyond significant environmental benefits, such as increased employee productivity and satisfaction."
The report also noted that the biggest challenge to increasing green building (the perception that it costs more than traditional construction) has declined dramatically—from over 75 percent in 2012 to under 50 percent today.
Dodge Data & Analytics produced the report in partnership with Carrier, with support from the American Institute of Architects (AIA), the U.S. Green Building Council (USGBC) and the World Green Building Council.