Following a trend nationwide, we predict highrises to continue to build condos which follow the latest green standards and renovate current buildings to become more energy efficient.
According to Pike Research, solar cells integrated into rooftops, windows and other building facades is poised to quadruple in value in the next five years. Innovative practices of design in the past have now become expectations for home buyers. As Gen X and Gen Y’ers enter the market, they are making careful choices of low waste and energy efficiency.
In PWC and Urban Lands Institute’s Emerging Trends in Real Estate 2013 they state, “Major tenants willingly pay high rents in return for more efficient design layouts and lower operating costs in LEED rated, green projects. These new buildings can lure tenants out of last-generation “brown” product.
We expect more buildings to be reused, infill into existing neighborhoods and integration of planning of new designs with current and future transportation and community shopping and recreation.
Also to keep on the look for are Net Zero Communities where the goal is to use as much energy as they create.