November 7, 2007—Pentons National Real Estate Investor and Retail Traffic magazines are reporting that corporations and developers are responding to the rising demand for sustainability and energy efficiency in commercial real estate, according to a green building survey published in the November issues of both magazines.
More than 84 percent of responding corporate users and 77 percent of developers expect to own, manage or lease at least some green properties in the next five years. The complete survey is available on online.
Energy efficiency is important to four out of five respondents when selecting a green building. Water savings were the second most important factor in green site selection for developers (58 percent) and corporate users (53 percent).
Among the other survey highlights:
- Corporate respondents are willing to pay an average of 4 percent more for LEED-certified buildings, which meet requirements of the US Green Building Council’s Leadership in Energy and Environmental Design rating system.
- Currently 52 percent of corporate respondents and 39 percent of developer respondents own, manage or lease some green properties.
- One in four developers say green building increases construction costs by 10 percent or more.
The survey drew responses from nearly 400 corporate users and commercial real estate developers.
