Saturday, December 10, 2011

Industry News: Green Retrofits Surpass New Green Construction

A report published this week, says the green retrofitting of commercial buildings is outpacing the construction of new green buildings.

According to McGraw Hill Construction’s Green Outlook 2011, this trend could mean that more building owners believe that achieving LEED certification may be cost efficient and environmentally conscious. The trend may have also been prompted by fewer new green building projects being scheduled for construction.

The report also says that by 2015 the green share of the largest commercial retrofit and renovation activity will more than triple, representing a $14 billion to $18 billion opportunity in major construction projects alone.

What might this mean for the fenestration industry?