What is it about?
Environmental sustainability is found to be increasingly important to commercial real estate investors, but existing research is largely restricted to highly aggregated data and quantitative research approaches that focus on outcomes. This study takes a qualitative approach to reveal key drivers underpinning the adoption of sustainability policies, and barriers to implementation are found to relate to data on investment performance, valuation methodologies and prohibitive capex. Further, the heterogeneous, opaque and slow moving nature of the market is prohibitive and intervention is encouraged to overcome the lack of financial viability that hinders improvements.
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Why is it important?
The qualitative approach used here adds new insights and value to the understanding of sustainability in real estate investment decision-making.
Read the Original
This page is a summary of: The embeddedness of sustainability in real estate investment decision-making, Journal of European Real Estate Research, June 2021, Emerald, DOI: 10.1108/jerer-09-2020-0050.
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