Archive for the ‘renovation’ tag
Green Retrofit to Gain Big Market Share
A new report from McGraw-Hill Construction says that the by-value retrofit-renovation market share for green building will grow to 20-30 percent by 2014. The report synopsis on Environmental Leader says that the current value of the retrofit-renovation market is between $2 and $4 billion and that that should grow to to $10-$15 billion in the next five years. Here’s a couple of snips with details:
The report also reveals that owners and tenants with green retrofit experience are likely to do more green retrofit projects. Seventy percent of owners who have engaged in green retrofit or renovation activities are planning to continue to do so for over 15 percent of future projects and 24 percent will do so on over 60 percent of projects, according to the report.
Another finding shows that the downturn is encouraging the adoption of energy- and water-efficient practices in renovation projects. Sixty-two percent of owners expect to recoup their investments for energy-efficiency improvements within 10 years.
The complete report is $189 and is available here.
