CoStar Group, a commercial real estate information company, has published its Top 10 Green Building News Stories of 2008 list and the growth of green building projects despite the recession topped the list.
“The building labeling programs LEED and Energy Star both posted record participation numbers this year, and McGraw Hill Construction said in November that the value of green construction could triple in the next five years to nearly $150 billion, despite the downturn.” Source: CoStar Group
The other green building successes that made the list are the popularity of the USGBC’s LEED program, the trend towards “green leases” between commercial tenants and property owners, the creation of the Zero-Net Energy Commercial Building Initiative (CBI) and the green building discussions during the political season.
Additional items on the list are Washington DC’s mandate that commercial buildings pursue EPA Energy Star efficiency, the increased prevalence of green building programs in cities across the United States, California’s green building code, the death of 189.1P green building standard and exclusive green building insurance policies.
The green building trend is truly in its infancy here in the United States. Last year was a year of extreme growth in the industry and despite the nation’s current economic situation, 2009 is poised to be a banner year for green building news.
Photo by J. Phil