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Current Trends in Green Real Estate Recap

Posted in Blog on Friday, June 29th, 2012 at 3:29 pm No Comments

The CoStar Group recently hosted their periodic Current Trends in Green Real Estate webinar and presented data which is still showing strong economic benefits and growth of green building in the marketplace.  In addition to the economic reasons to build green there were some other interesting trends presented.

Shifts in LEED Certification Level, data is showing the market is transforming, teams are more educated and projects are settling into LEED-Gold as the most common certification level.  We have certainly seen this trend in our recent projects as well. (Also a sign that LEEDv4 will be needed sooner than later to continue raising the bar)

Shifts in LEED Rating System, we now have more SF certified under LEED for Existing Buildings than LEED for New Construction and it seems that LEED-EB certification will continue growing at a faster pace as we begin retrofitting our existing building stock.

Shifts in Green Building Price Premium, we continue to see research demonstrating that LEED certification can be achieved for little to no cost premium depending on the building type and zero net energy buildings are coming into range for project budgets.  (Internally Spinnaker has also compiled similar data we’ve presented at local USGBC Chapter meetings)

Public Sector Retrenchment, the GSA, a green building market driver has much lower projections for new construction and facility alteration budgets for the 2013 in comparison to previous years.  The market will still be looking up to GSA however as they determine the green building rating system they will use for the next 5 years in the near future.

- Mark Schrieber, LEED AP BD+C | Homes

Image / Data Sources (The CoStar Group)