Is there a demand for sustainable offices? An analysis of UK business occupier moves (2006–2008)
- 1 March 2009
- journal article
- research article
- Published by Taylor & Francis Ltd in Journal of Property Research
- Vol. 26 (1), 61-85
- https://doi.org/10.1080/09599910903290052
Abstract
‘Sustainable’ or ‘green’ commercial buildings are frequently seen as a growth sector in the property investment market. This research examines the emergence of sustainable commercial buildings in both the UK and overseas. The empirical part of the paper is based on a telephone survey of 50 UK corporate (private sector) occupiers taking leased and owner–occupied office space, which was carried out during the period of April to November 2008. The survey focused on actual moves made within the previous two years, or moves that were imminent during 2006–2008. The research suggests that although there is an emerging and increasing demand for sustainable offices in the UK, other factors such as location and availability of stock continue to remain more important than sustainability in determining occupiers’ final choice of office. Occupiers who moved to a Building Research Establishment Environmental Assessment Method (BREEAM)‐rated building, and were in business sectors with strong environmental and corporate responsibility policies, placed more emphasis on sustainability than other groups in the final choice of office, but location and availability remained paramount.Keywords
This publication has 8 references indexed in Scilit:
- The greening of commercial leasesJournal of Property Investment & Finance, 2008
- An Examination of Business Occupier Relocation Decision Making: Distinguishing Small and Large Firm BehaviourJournal of Property Research, 2008
- Responsible property investment criteria developed using the Delphi MethodBuilding Research & Information, 2008
- Socially Responsible Property Investment: Quantifying the Relationship between Sustainability and Investment Property WorthJournal of Property Research, 2007
- The Extent and Nature of Sustainable Building in England: An Analysis of ProgressPlanning Theory & Practice, 2007
- International Real Estate ReviewInternational Real Estate Review, 2005
- Green buildings, organizational success and occupant productivityBuilding Research & Information, 2000
- Strategic Drivers of Location Decisions for Information-Age CompaniesJournal of Real Estate Research, 1999