Green design gains momentum
Investments in green building should be a top priority for owners, corporations and real-estate investors, according to an article by Charles Lockwood in the December 25 edition of Barron’s, a New York City-based weekly financial magazine. Lockwood is an environmental and real-estate consultant based in Santa Monica, Calif., and New York City.
“Trillions of dollars of commercial property … will soon become obsolete and will drop in value,” Lockwood said in the article. The projected downfall is a result of “a significant real-estate market shift [that] is gathering momentum: Green buildings … are going mainstream,” Lockwood said.
The U.S. Green Building Council recognizes energy-efficient projects with its Leadership in Energy and Environmental Design certification. Glass and glazing act as integral part of LEED certification—high-performance, low-emissivity glass boosts ratings, as well as infiltration of natural lighting.
As of December, 669 projects had received certification, with almost 5,000 buildings awaiting ratings. The USGBC estimates that 5 percent of new commercial construction for 2006 will be LEED certified, according to the article.
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