New Market Study Finds Green Buildings Continue Impressive Growth
Green building activity has sustained impressive growth during 2009 amid a brutal construction market that has decimated other segments of the construction marketplace, according to the 2009 Green Building Market & Impact Report published by GreenerBuildings.com.
According to report author Rob Watson, floor area registered and certified by the U.S. Green Building Council's LEED green building rating system in 2009 is estimated to grow by over 40 percent compared to last year's totals, for a cumulative total of over 7 billion square feet worldwide since the standard was launched in 2000.
The annual report, which can be freely downloaded at www.GreenerBuildings.com, assesses the environmental impacts of green building as well as its impact on the overall building market. It found that while dramatic declines in 2009 U.S. new non-residential construction might result in construction starts dipping below the one billion square foot mark for the first time in many years, registrations of LEED new construction projects in the U.S. are expected to exceed 1 billion square feet.
Photo: Eco-friendly Blu Chalet