By all accounts, we are mired in a construction market downturn, with one notable bright spot–the growing demand for green buildings–driven by demonstrable economic benefits.
Research provided by McGraw Hill Construction’s SmartMarket Report, Green Outlook 2009: Trends Driving Change, shows the residential and non-residential green building market more than doubling by 2013, reaching between $96-$149 billion versus today’s $36-$49 billion.
Three commercial and institutional market sectors will show the biggest growth: education, healthcare, and offices. Due partly to increased government requirements and incentives, many believe that green buildings will be less affected by the downturn.
(read full article from Penny Bonda in ‘Interior Design’)