A special report titled “Green Outlook 2011,” published by McGraw-Hill Construction, points to green buildings as one of construction’s fastest-growing sectors. Starts increased 50% from 2008 to 2010. This year, MHC estimates green buildings will account for a third of all new non-residential construction, totaling $54 billion in starts. “This growth would be notable under any circumstances, but [it] is particularly dramatic given the decline in overall construction during the same period,” says MHC. It predicts that, by 2015, non-residential green building markets will nearly triple, growing to between $120 billion and $145 billion. It predicts the retrofit and renovation
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.