It costs on average $4.01 per sq ft to get a building certified under the U.S. Green Building Council’s Leadership in Energy and Environmental Design rating system for green buildings, according to recent market research. That figure translates to $830 million in LEED-related construction spending from 2000 to 2008, says a study by USGBC and consultant Booz Allen Hamilton. The 52-page “Green Jobs Study” estimates $12.5 billion in LEED-certification-related spending will occur over the next five years, an amount that would sustain 230,000 jobs. In the same period, energy savings are expected to total $6 billion, with $4.8 billion directly
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.