Livingstone, ND;
Ferm, J;
(2017)
Occupier responses to sustainable real estate: what's next?
Journal of Corporate Real Estate
, 19
(1)
pp. 5-16.
10.1108/JCRE-03-2016-0016.
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Abstract
Purpose – The purpose of this paper is two-fold. Primarily, it examines the relationship between sustainable buildings and occupiers, by summarising the key extant literature. Secondarily, the paper proposes avenues for future research relating to the impact of sustainability on corporate real estate strategy. Design/methodology/approach – The paper reviews over ninety relevant publications related to sustainability, real estate market responses and corporate real estate, focussing on the role and response of occupiers. The approach concentrates on occupier strategies, specifically considering influences such as corporate social responsibility (CSR), landlord tenant relationships, the changing occupier role and the ‘circle of blame’. Findings – In recent years, literature has increasingly begun to reflect nuances in occupier responses to sustainable, prime, office real estate, with some conflicting findings as to the importance of sustainability. Location remains the dominant consideration in decision making for occupiers, but sustainability is key to CSR and ‘value-add’ in certain sectors. More effective use of sustainable buildings requires improved communication between landlord and tenant. Our review demonstrates that challenges still remain in relation to the ‘circle of blame’. More research needs to be done in relation to the emergence of sustainability in the non-prime and retail sectors. Originality / value – Through collating key literature in this topical research area, the paper provides a critical review of occupier responses to sustainable real estate, and therefore a fuller understanding of emerging market practices. Additionally, it suggests future research directions. Keywords – Sustainable buildings, Occupier perceptions, CRE strategy, Decision making, Circle of blame. Paper type – Literature review.
| Type: | Article |
|---|---|
| Title: | Occupier responses to sustainable real estate: what's next? |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1108/JCRE-03-2016-0016 |
| Publisher version: | http://dx.doi.org/10.1108/JCRE-03-2016-0016 |
| Language: | English |
| Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. |
| Keywords: | Sustainable buildings, Occupier perceptions, CRE strategy, Decision making, Circle of blame |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > The Bartlett School of Planning |
| URI: | https://discovery.ucl.ac.uk/id/eprint/1500914 |
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