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LEED Buildings

Real Estate

Marcus Hiles On Green Trends In Luxury Housing Market

As superyacht owners push for hybrid, fuel-saving propulsion, upmarket travelers seek sustainable accommodation, and companies reap the financial benefits of green buildings, the demand for LEED Certified Apartment Construction follows. The USGBC website notes the trend is growing largely because owners of green buildings saw an average of 19.2 percent improvement in ROI for existing buildings and about a 9.9 percent new project return, notes Marcus Hiles. According to a Smart Market Report from McGraw Hill, apartment builders discussed their reasons for building to LEED standards, with more than half responding to customer demand, three-quarters noting savings on energy use, and about 70 percent recognizing government or utility incentives. About 65 percent acknowledged a competitive market advantage over less sustainable properties.

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