Nearly half of the 2,000 architects, engineers, contractors, owners, consultants and investors participating in Dodge Data & Analytics’ World Green Building Trends 2018 SmartMarket Report report that more than 60 percent of their construction projects will be built “green” by 2021. Of note, the perception that green building costs more than traditional construction exceeded three-quarters in 2012 and is now under 50 percent.

The report, which features 19 countries, also found the international market for green construction projects has grown significantly in the last decade, and demand is poised to double in some regions. Many respondents plan to build green in the next three years without seeking certification; however, more than two-thirds find that the certification process allows them to create better performing buildings.

New commercial construction remains the biggest driver of global green building by far, notably in markets like China and the United Arab Emirates. However, more than 50 percent of respondents from five countries, including the United States, say green retrofits are in the pipeline (compared to a 37 percent global average)--suggesting that existing buildings will provide significant opportunities for growth.

The business benefits of new green buildings have stayed consistent since 2012: 8 percent operating cost savings in the first year and increased building asset values of 7 percent. The top social drivers for green buildings include improving occupant health and well-being, increasing worker productivity, creating a sense of community and supporting the domestic economy.