The figure currently stands at seven per cent and author of the report Bernie Galing stated: "We anticipate the building industry will see a significant increase in green building renovation to make structures more energy efficient."
He explained retrofitting new technology in a building often pays for itself within a few years.
Some firms may be considering replacing outdated heating systems in order to bring down their energy consumption and benefit from cheap gas and cheap electricity.
Mr Galing added the high demand for green buildings means they command a greater resale value than structures that have not been fitted with eco-friendly technology.
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