Sustainable Initiatives Defy Economic Trend

As the economy continues to struggle—with the real estate industry taking the brunt of the fallout—there has been much speculation about what impact the credit crisis will have on the sustainable building movement. Index Publishing’s 2009 Building Green Chicago Conference on April 7th will take a detailed look at both public and private efforts to retrofit the built inventory for sustainability.

There are several recent surveys that suggest that commercial real estate executives, including developers, rental building owners, brokers, architects, engineers and others plan to continue their sustainable initiatives even as the daily headlines paint the picture of a real estate market in free-fall.

In a survey entitled “Green Building Barometer” produced by Turner Construction, commercial real estate executives indicated that they will continue their efforts to develop sustainable buildings despite the credit crunch. According to the survey, 83% said they would be “extremely likely” or “very likely” to seek LEED certification for buildings they are planning to build within the next three years.

Another survey that focused on existing buildings discussed the use of energy monitoring systems and supported the long-held belief that there is ROGI—return on green investment.

The “2008 Green Survey: Existing Buildings” was jointly produced by Incisive Media, BOMA, and the USGBC. About 65% of building owner respondents who have implemented green buildings said their investments have already resulted in a positive return on investment, according to the survey. Turner’s survey supports these findings with 84% of respondents to their “Green Building Barometer” saying their green buildings have resulted in lower energy costs, and 68% reporting lower overall operating costs.

The sustainable movement continues with everyone in the development chain from designer to tenant recognizing and expecting sustainability as a critical factor in today’s building industry. Hear from some of the top experts in Chicago and nationally on retrofitting, financing, and some of the building blocks of sustainably built environment at the 2009 Building Green Chicago Conference on April 7, 2009. We hope you can join us.

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Comments

One Response to “Sustainable Initiatives Defy Economic Trend”
  1. thanks! 🙂

    lets write them until the admit it, or stop doing it! i am writing them now!

    🙂

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