The analysis, Green Building SmartMarket Report, released by McGraw-Hill Construction (MHC), found:
• Green building comprises approximately 2 percent of nonresidential construction starts in 2004, valued at $3.3 billion.
•By 2010, the green building market is expected to be 5 to 10 percent of nonresidential construction starts (excluding nonbuilding construction), valued from $10 to $20 billion.
• Over 70 percent of a representative sample of architects, engineers, contractors, and building owners anticipate sales growth from green building.
• 60 percent of architects, engineers and contractors are specifying and installing green building products in their construction projects.
• Operating costs of green buildings expected to be between 8 and 9 percent lower than other buildings; green buildings expected to have increased values of 7.5 percent.
