Trending
Watergate Hotel to Open Ron Arad-Designed Spaces This Fall
Rendering of The Watergate Hotel lobby, designed by Ron Arad. ...
Preview "Shelter: Rethinking How We Live in Los Angeles"
MAD's Sky Village will appear in the A+D Museum's inaugural ...
ASID Reports Good News for Industry 2015/2016 Recovery
With the release of the Interior Design 2015/16 Outlook and ...
Studio Libeskind Reveals Plans for Rome's Three Towers
Rome's future Three Towers by Studio Libeskind. Image by Studio ...
5 NeoCon Takeaways: Wellness, Privacy, Ottomans and More
Every year, NeoCon arrives as the harbinger of new product ...

JOB ZONE

jobseekers:

employers:

 
Weekly Poll
Which flooring trend are you dying to specify?

    Calendar Upcoming Events
    Jul 12
    Los Angeles, CA, United States

    Interior Design's re:Source Los Angeles 2015

    Jul 19
    Nashville, TN, United States

    BITAC Purchasing & Design East 2015

    Jul 21
    New York, NY

    The 11th Annual First Look

    Aug 02
    Las Vegas, NV, United States

    Las Vegas Market Summer 2015

    Aug 30
    New York, NY, United States

    BITAC Global 2015


    Close Search by date

    or See All Upcoming Events

    industry_article_detail_left_zone

    Snapshot: The Industry's Green Wave

    From 2012 to 2013 alone, says McGraw-Hill Construction, the number of green projects has increased by more than 114 percent. What’s more, the study concluded that between now and 2015, 63 percent of firms have green projects on the docket, which includes new constructions and renovations. The areas that will see the biggest increase are new commercial constructions, renovations and retro-fittings of existing buildings, and new institutional construction.


    The U.S. Green Business Council (USGBC), which runs the Leadership in Energy and Environmental Design (LEED) program, had certified approximately 2.5 billion square feet of building space as of January 1 of this year. And not only does LEED certification boost a project’s sustainability profile, but the cost savings can be monumental as well.

    So what’s the reason for this remarkable increase? When McGraw-Hill conducted its first study in 2008, the vast majority of respondents cited their main reason for going green as “it was the right thing to do.” In its 2012 study, respondents said that market and client demand for green buildings were the leading reasons. In other words, buildings made using recycled materials and which emit low emissions (two hallmarks of green projects) have come to be expected by the general public.

    “An upfront investment of 2 percent in green building design, on average, results in a life cycle savings of 20 percent of the total construction costs—more than ten times the initial investment,” says Jacob Kriss, a media associate for the USGBC.
     
    5 THINGS YOU SHOULD 
    KNOW ABOUT HOW 

    GREEN DESIGN SAVES DOLLARS

    1. An upfront investment of 2 % in  green building design results in a life-cycle savings of 20 % of the total construction costs.

    2. LEED projects average a decrease in operating costs of 13.6 % for new construction and 8.5 % for existing buildings.

    3. LEED projects average an increase in building value of
    10.9 % for new construction and 6.8 % for existing buildings.

    4. LEED-certified buildings command rent premiums of $11.33 per square foot over non-LEED buildings.

    5. LEED-certified buildings demonstrate increased recruitment and retention rates for employers and are found to enhance worker productivity and reduce absenteeismFor at least a quarter of a century, green and sustainable have been the reigning buzzwords in the architecture and design community. Fast forward to 2013, and sustainability is closer than ever to becoming the industry standard. A whopping 94 percent of architects, engineers and contractors worldwide report that they're involved in green building projects, says “World Green Building Trends,” a 2012 study by McGraw-Hill Construction. And 91 percent of Interior Design's 2012 Top 200 Giants cited sustainability is an important component of their design decisions.

     
    What’s more, the USGBC reports that LEED projects average a decrease in operating costs by 13.6 percent for new construction and 8.5 percent for existing building projects, and an increase in building value by 10.9 percent for new construction and 6.8 percent for existing building projects. Plus, LEED-certified buildings also command rent premiums of $11.33 per square foot over non-LEED buildings.
     
    In addition to cost savings, the health and wellbeing of occupants of LEED-certified buildings also can improve. Kriss explains, “LEED-certified buildings demonstrate increased recruitment and retention rates for employers and are found to enhance worker productivity and reduce absenteeism."


    Related:
    Timeline: Green Breakthroughs that Still Stun
    Defining Excellence: A Guide to Green Standards
    The Sustainable Culture at Seven Firms
    Top 10 Green Products of 2013 Q1
    Interior Design's 10 "Greenest" Projects of the Year">Interior Design's Greenest Projects

    industry_article_detail_central_zone