Reconstruction in its many forms—tenant improvements, retail fitouts, adaptive reuse, historic preservation, gut rehab, and so on—is keeping many design and construction firms solvent.
The collapse of the U.S. housing market in 2007-2008 precipitated a nearly commensurate downturn in new nonresidential construction in the United States. Filling the gap, at least to some extent, has been reconstruction.
Architecture, engineering, and construction firms that once realized less than 20% of their revenues from renovation work are now performing 30-40% of their work in reconstruction. Another telling metric: LEED for Existing Buildings has now surpassed LEED for New Construction in total floor space. It is no exaggeration to say that reconstruction is keeping many AEC firms afloat.
This chain of events has created an excellent opportunity for the design and construction industry to seek ways to take reconstruction to the next highest level: from 20-30% energy and water savings, for example, to 40-60%—what those in the field are calling “deep energy retrofits.”
This White Paper details the obstacles to achieving high-performance reconstructed buildings and describes the promising opportunities available to AEC firms in this sector of the green building market.
The editors argue the case that existing and reused buildings represent “the 99% solution” for reducing energy, water, and materials waste in buildings and cutting the share of greenhouse gases produced by nonresidential buildings.
As in our eight previous White Papers, we conclude with a set of specific recommendations—an 18-point Action Plan—for stakeholders in the built environment to consider.
The editors welcome your feedback. Please contact Robert Cassidy, Editorial Director, at 847-391-1040; email@example.com .
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