ENGLISH

Sustainability in Commercial Real Estate Markets

By Alexander Reichardt (auth.)

Book information

Publisher
Gabler Verlag
Year
2016
ISBN
978-3-658-11738-2, 978-3-658-11739-9
DOI
10.1007/978-3-658-11739-9
Language
english
Format
PDF
Filesize
2 MB (1987929 bytes)
Series
Essays in Real Estate Research
Edition
1
Pages
XV, 107\119
Time added
2016-03-14 21:35:01
general; EntrepreneurshipReal Estate Management; Finance

Description

Alexander Reichardt provides pertinent information on the business case for sustainable buildings, which offer a large potential to abate climate change, which can be achieved at relatively affordable costs compared to other industries. He discusses– although sustainable space offers verifiable advantages to tenants like lower operating expenses, higher employee productivity and reputation benefits –, the small empirical evidence that tenants indeed pay a rent premium for leasing this space. The author, therefore, analyses if sustainable buildings command a rent premium compared to comparable conventional buildings and what contributes to this rent premium. In addition, he analyses what kind of tenants primarily rent sustainable space. It is expected that the demand for sustainable space differs between industries as different industries have different motivations for renting sustainable space.

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