The market for sustainable buildings rose to $260 billion globally in 2013, according to Lux Research. Green development can produce higher rental income, improves internal rates of return for owners, and provides marketing opportunities. As a result, half of building owners are expected to ramp up their green building practices by 2017.
Lux analysts studied utility savings, rental rates, resale value and government incentives in green buildings and their impact on internal rate of returns.
In June, a report by McGraw Hill Construction showed that Canadian companies investing in green buildings were realizing a significant return on their investments.
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