Monday, March 19, 2012

Greening of the Commercial Real-Estate Market

Not only can greening bring down costs of energy needs, especially as the technology advances in that area, should have already had some forty years of that and done right here in the U.S., but in the other area's of commercial technology needs, but also can bring a healthier workforce who spend allot of time within. Along with other benefits.

The Brilliant Economics of Green Buildings
3/18/2012 - Say what you will about the benefits of clean energy or the costs of pollution, the jury has returned an ambiguous verdict on the greening of the commercial real-estate market. The niche has become mainstream. Anyone who says green buildings, which are certified by third-party verifiers as demonstrating superior environmental performance and resource efficiency, are “boutique” has not been paying attention.

The commercial buildings sector boasts the most explosive growth in green building. In 2010, a third of all new commercial construction was green, amounting to a $54 billion market for commercial green buildings. By 2015, green buildings in the commercial sector are expected to triple, accounting for $120 billion to $145 billion in new construction and $14 billion to $18 billion in major retrofit and renovation projects.

But not all commercial buildings are the same. For all practical purposes, there are three classes of commercial buildings – Class A, Class B and Class C. These classifications are commonly used as a proxy for a building’s ability to attract high-value tenants. read more>>>

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