CBRE sees more green comin

CBRE sees more green buildings rising next year

December 24, 2010 - MANILA, Philippines – Leading global real estate advisor CB Richard Ellis Philippines (CBRE) said in a recent press conference that an increase in demand for green buildings is to be expected within the next year.

From the demand worldwide for green buildings in 2008, which was pegged at $12 billion worth, the projected demand in 2010 had shot up to $60 billion.

According to CBRE, the main reason for this is that there are many perceived benefits to businesses once they invest in green office spaces.

Given the 2.5 year payback period, companies are poised to gain more from investing in green office space with the reduced operating costs, increased building values, improvements to return on investment, and an increase in occupancy and rent ratios as compared to remaining with existing structures built with typical building practices. {continued}