Multifamily Housing Green Buildings Market Report 2025

This Multifamily Housing Green Buildings market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The multifamily housing green buildings market size has grown rapidly in recent years. It will grow from $165.26 billion in 2024 to $197.34 billion in 2025 at a compound annual growth rate (CAGR) of 19.4%. The growth in the historic period can be attributed to environmental awareness, cost savings, tenant demand, building certifications.

The multifamily housing green buildings market size is expected to see exponential growth in the next few years. It will grow to $414.67 billion in 2029 at a compound annual growth rate (CAGR) of 20.4%. The growth in the forecast period can be attributed to sustainability and climate change, smart building technologies, net zero buildings, digital technologies. Major trends in the forecast period include renewable energy integration, smart building technology, sustainable materials, eco-landscaping.

Informed customers increasingly recognize the advantages and long-term cost savings associated with sustainable and net-zero homes. Homebuyers are becoming more knowledgeable, emphasizing the benefits of healthier living spaces, superior construction quality, and enhanced performance in homes. Notably, a report by the National Association of Home Builders (NAHB) highlights that multi-family builders and remodelers cite operational efficiency and long-term utility savings as key drivers convincing customers to invest in environmentally friendly home construction. The rising customer awareness surrounding environmental impacts, sustainability, and long-term cost savings stands as a driving force behind the expansion of the multifamily housing green buildings market.

The rising investment in energy efficiency is anticipated to drive the growth of the multi-family residential green building market in the coming years. Energy efficiency involves utilizing less energy to achieve the same output or service, thereby minimizing energy waste. Multi-family residential green buildings enhance energy efficiency by incorporating sustainable construction techniques and materials to reduce energy usage in shared living spaces. For instance, in 2022, a report by the International Energy Agency, a France-based autonomous intergovernmental organization, revealed that global investments in energy efficiency grew by 16%, reaching nearly USD 600 billion, with significant focus on the building industry and transportation sector. Consequently, the increased investment in energy efficiency is fueling the expansion of the multi-family residential green building market.

Consumers and builders are collaborating to create more sustainable homes, focusing on reducing carbon footprints through the development of self-sustaining residences, known as Net Zero homes. A Net Zero home generates energy using various renewable domestic technologies, including solar panels, micro wind turbines, sinkholes, and compost gas, to meet its energy needs. Its goal is to produce as much energy as it consumes. By 2028, the stock of Net Zero homes is expected to increase by 534,500 units. Approximately 36% of multi-family home builders are constructing green homes, with 80% of them being dedicated green builders, completing over 90% of their projects as green. This proportion is projected to grow to 47% by 2022, reflecting increased investment in this sector. These figures highlight a rising trend of Net Zero homes in the residential construction market.

Leading companies in the multifamily housing green buildings sector are introducing advanced technologies, such as green transformation (GX), to improve sustainability, energy efficiency, and environmental performance in residential developments. Green transformation (GX) involves implementing sustainable practices, technologies, and innovations to reduce environmental impact and enhance energy efficiency. For example, in September 2024, Hitachi Ltd., a Japan-based multinational conglomerate, launched the BuilMirai Building IoT solution. This comprehensive platform is designed to optimize the management and operational efficiency of small and medium-sized buildings, emphasizing green building practices to align with global sustainability trends in construction and management. The company offers these solutions through monthly subscription plans, enabling customers to select services as needed, reducing investment costs while promoting both green transformation (GX) and digital transformation (DX) for small and medium-sized buildings. BuilMirai connects various building facilities and systems, fostering improved management and operational efficiency.

Major companies operating in the multifamily housing green buildings market include Turner Construction Co, Clark Group, AECOM, Swinerton, Hensel Phelps, Skanska, Lendlease, Holder Construction, Webcor, Walsh Group, Gilbane Building Co, Structure Tone, Whiting-Turner Contracting Co., Clayco, DPR Construction, PCL Construction Enterprises, Suffolk, Austin Industries, McCarthy Holdings, BL Harbert International, James G. Davis Construction, Hoffman Construction, Brasfield & Gorrie, David E. Harvey Builders, The Balfour Beatty US, Hathaway Dinwiddie Construction, Mortenson Construction, Sundt Construction, HITT Contracting, Power Construction, Gensler, Stantec, HOK, JE Dunn Construction, Suffolk Construction, The Whiting-Turner Contracting Co., McCarthy Building Companies Inc., Ryan Companies US Inc., The Beck Group, The Weitz Company, The Boldt Company, The Opus Group, The Korte Company.

Multi-family residential green building involves the construction, renovation, repair, improvement, or demolition of multi-family housing structures designed to be environmentally sustainable, with a focus on detailed design and planning.

The primary categories of multi-family housing green buildings are new construction and remodeling. Remodeling entails modifying or altering the structure, style, or shape of existing multi-family housing. Various product types used in these projects include interior and exterior products. Additionally, multi-family residential green building projects can be classified into two main construction approaches such as full-green construction and semi-green construction, based on the extent of sustainability measures and practices implemented.

The multifamily housing green buildings market research report is one of a series of new reports that provides multifamily housing green buildings market statistics, including multifamily housing green buildings industry global market size, regional shares, competitors with a multifamily housing green buildings market share, detailed multifamily housing green buildings market segments, market trends and opportunities, and any further data you may need to thrive in the multifamily housing green buildings industry. This multifamily housing green buildings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Asia-Pacific was the largest region in the multifamily housing green buildings market in 2024. Eastern Europe is expected to be the fastest-growing region in the multifamily housing green buildings market during the forecast period. The regions covered in the multifamily housing green buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the multifamily housing green buildings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The multifamily housing green buildings market includes revenues earned by entities by constructing or remodeling and renovating multifamily green buildings. This market includes the sales of residential housing general contractors (that is new construction, remodeling, or renovating existing residential structures), for-sale builders and remodelers of residential structures, residential project construction management firms, and residential design-build firms. The multifamily housing green building construction work performed includes new work, additions, alterations, maintenance, and repairs. A green building is an environment-sustainable building that is designed, constructed, and operated to minimize environmental impacts. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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