May 17
A third of real estate executives say green construction won’t be in their plans during the next 12 to 18 months, according to survey by law firm Bryan Cave LLP.
The survey of 347 respondents included brokers, lenders, commercial mortgage bankers, title insurers, contractors, investors and engineers at a variety of real estate-related firms.
"The fact that the survey reveals such a substantial level of
reluctance to embrace green construction is surprising," said Barry
Ross, a partner in Bryan Cave´s Real Estate Group. "Previously viewed
as prohibitively expensive by the real estate community, green
construction is not universally gaining ground because the true
cost-effectiveness of green construction is still a matter of debate."
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