The Extraordinary Growth of Green Building – A Rebuttal to The Green Building Adoption Rate is Slow, Find Out The Practical Reasons Why

The Extraordinary Growth of Green Building  – A Rebuttal to The Green Building Adoption Rate is Slow, Find Out The Practical Reasons Why

In this a rebuttal post to The Green Building Adoption Rate is Slow, Find Out The Practical Reasons Why, Richard argues that in fact the growth rate has been very high, citing for example that in late 2010, the U.S. Green Building Council (USGBC) celebrated its first billion square feet of LEED certified green buildings. He makes the argument that the growth rate in the green building space is actually quite high especially considering the background of economic recession and tight capital in which it has occurred.

Huge Growth in Retrofit Buildings Predicted: $10-15 Billion Dollar Market by 2014

The market for green buildings is exploding and the lion’s share of the opportunity exists in retrofits, not new buildings. McGraw-Hill Construction’s latest SmartMarket Report, Green Building Retrofit & Renovation: Rapidly Expanding Market Opportunities Through Existing Buildings, was released at the Green Retrofit Conference in New York recently. The report finds that new buildings represent only 2.5% of the US building market, while retrofitting provides an enormous market opportunity for green builders, owners and building product manufacturers.Currently, green building comprises 5-9% of the retrofit and renovation market activity by value. This equates to a $2-4 billion marketplace for major projects. By 2014, that share is projected to increase by 20-30%, creating a $10-15 billion market for major retrofit projects in only five years.