DJC Green Building Blog

The economy: will green building take a hit?

Posted on October 13, 2008

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Green building has many elephants in the room and thanks to the current state of the economy, this is a big one: will green building suffer because of the current state of the economy?

The problem with trying to answer this question is that it all comes down to

The road to market-wide green buildings?
definitions: what do you consider to be a green building? Does it need to be certified by a third party operation? Are you talking about all markets - commercial, homes, mixed use etc.?

Assuming you can answer the definition question, another one immediately presents itself: how do we measure how green buildings are doing? Is there any way to realistically measure the buildings that are putting off plans, and then how green building is a factor in that?

I cannot answer these questions without doing a lot of research with time I frankly don't have. But in the end, it seems like there are two groups out there:

1. The group that thinks yes, green buildings will take a hit because they're more expensive.

and

2. The group that thinks green buildings are actually more valuable because they cut down on energy use and electricity bills, and will hold their value better in future markets.

Which group do you belong to? Comment on my new poll at right, or tell me more below, to let me know!

P.S. For great coverage about how the market is affecting the Puget Sound region, check out the DJC. On Oct. 13, we ran a story from local contractor's perspectives. On Oct. 14, we run a story on local architecture and engineering firm's perspectives. Don't miss them!

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  1. Very useful post. where can i find more articles about The economy: will green building take a hit? ?


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