Skip to main content

Is Sustainability in the Commercial Property Industry Just Best Practice Management?

  • Conference paper
Sustainability in Energy and Buildings

Part of the book series: Smart Innovation, Systems and Technologies ((SIST,volume 12))

Abstract

The commercial property market has been witnessing significant change over the past decade with continued importance being placed on sustainability by governments, occupiers and owners both globally and locally. However, exactly what owners and owners in property are actually undertaking in the guise of sustainability needs to be questioned. This research investigates key owners of property portfolios in Australia and New Zealand and examines what they perceive sustainability to mean to their commercial property portfolios.

The research uses a qualitative framework in order to gain an understanding of owners’ perceptions of sustainability in commercial property. The findings have identified owners perceive sustainability to be of high importance to the longevity of their portfolios, however, this is at present limited to resource efficiency measures in their property portfolios. Consequently, this research questions whether current interpretation and implementation of sustainability in commercial property is merely best practice management.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 259.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 329.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 329.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Brundtland, G.H.: Our Common Future, Report on the World Commission on Environment and Development. Oxford University Press, Oxford (1989)

    Google Scholar 

  • Dixon, T., Colantonio, A., Shiers, D.E., Reed, R.G., Wilkinson, S., Gallimore, P.: A green profession A global survey of RICS members and their engagement with the sustainability agenda. Journal of Property Investment and Finance 26, 281–460 (2008)

    Google Scholar 

  • Emary, R.: New Zealand. In: Gelbtuch, H.C., Mackim, D., Milgrim, M.R. (eds.) Real Estate Valuation in Global Markets. Appraisal Institute, Chicago (1997)

    Google Scholar 

  • Garnaut, R.: The Garnaut Climate Change Review. Cambridge University Press, Melbourne (2008)

    Google Scholar 

  • GBCAUS, Green Star Existing Building Technical Manual. Green Building Council Australia, Sydney (2007)

    Google Scholar 

  • GBCAUS, ‘Green Star’. Green Building Council of Australia (2008a), www.gbcaus.org.au (accessed July 4, 2008)

  • Harris, E.: Energy-Saving Windows A Legacy of ’70s Oil Crisis, NPR (2008), www.npr.org/ (accessed May 16, 2009)

  • JLL, Assessing the Value of Sustainability. Jones Lang LaSalle, Sydney (2006)

    Google Scholar 

  • JLL, People, Planet, Profit: Property. Jones Lang LaSalle, Melbourne (2007a)

    Google Scholar 

  • JLL, Sustainability 101. Jones Lang LaSalle, Wellington (2007b)

    Google Scholar 

  • Kats, G.: The Costs and Financial Benefits of Green Buildings. In: Sustainable Building Task Force (Ed.) A Report to California’s Sustainable Task Force, CA (2003)

    Google Scholar 

  • Kwong, B.: Quantifying the Benefits of Sustainable Buildings. AACE International Transaction, RI101–RI106 (2004)

    Google Scholar 

  • Lucuik, M.: A Business Case for Green Building in Canada (2005)

    Google Scholar 

  • Miles, M.B., Huberman, A.M.: An Expanded Sourcebook: Qualitative Data Analysis. Sage Publications Inc., Thousand Oaks (1994)

    Google Scholar 

  • Neuman, L.W.: Basics of Social Research: Qualitative and Quantitative Approaches. Pearson Education Inc., Boston (2007)

    Google Scholar 

  • New Zealand Ministry for Environment, Value Case for Sustainable Buildings in New Zealand, Ministry for Environment, New Zealand Government, Wellington (2006)

    Google Scholar 

  • New Zealand Ministry for Environment, Sustainable Government Office Buildings: Value Cases for achieving Green Star NZ: 4 star, 5 Star and 5 Star + environmental ratings, 2nd edn., Ministry for Environment, New Zealand Government, Wellington (2007)

    Google Scholar 

  • Paumgartten, P.V.: The business case for high performance green buildings: Sustainability and its financial impact. Journal of Facilities Management 2(1), 26–52 (2003)

    Article  Google Scholar 

  • Pearce, D.W., Markandya, A., Barbier, E.B.: Blueprint for a Green Economy. Earthscan, London (1989)

    Google Scholar 

  • Phillips, C.: Sustainable Place: A place of sustainable development. Wiley-Academic, British Isles (2003)

    Google Scholar 

  • Reed, R., Wilkinson, S.J.: The Increasing importance of sustainability for building ownership. Journal of Corporate Real Estate 7(4), 339–350 (2005)

    Article  Google Scholar 

  • Stern, N.S., Peters, S., Bakhshi, V., Bowen, A., Cameron, C., Catovsky, S., Crane, D., Cruickshank, S., Dietz, S., Edmonson, N., Garbett, S.-L., Hamid, L., Hoffman, G., Vernon, D., Wanjie, H., Zenghelis, D.: Stern Review: The Economics of Climate Change. HM Treasury, London (2006)

    Google Scholar 

  • WBCSD, Definition of sustainability. World Business Council for Sustainable Development (2006), http://www.wbcsd.ch (accessed August 27, 2006)

Download references

Author information

Authors and Affiliations

Authors

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2012 Springer-Verlag Berlin Heidelberg

About this paper

Cite this paper

Warren-Myers, G. (2012). Is Sustainability in the Commercial Property Industry Just Best Practice Management?. In: M’Sirdi, N., Namaane, A., Howlett, R.J., Jain, L.C. (eds) Sustainability in Energy and Buildings. Smart Innovation, Systems and Technologies, vol 12. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-27509-8_32

Download citation

  • DOI: https://doi.org/10.1007/978-3-642-27509-8_32

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-27508-1

  • Online ISBN: 978-3-642-27509-8

  • eBook Packages: EngineeringEngineering (R0)

Publish with us

Policies and ethics