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Open Access
Article
Publication date: 22 January 2024

Rens van Overbeek, Farley Ishaak, Ellen Geurts and Hilde Remøy

This study examines the relationship between environmental building certification Building Research Establishment Environmental Assessment Method (BREEAM-NL) and office rents in…

Abstract

Purpose

This study examines the relationship between environmental building certification Building Research Establishment Environmental Assessment Method (BREEAM-NL) and office rents in the Dutch office market.

Design/methodology/approach

A hedonic price model was used to assess the impact of BREEAM certification on office rents. The study is based on 4,355 rent transactions in the period 2015 to mid-2022, in which 331 transactions took place in certified office buildings and 4,024 transactions in non-certified office buildings.

Findings

The results provide empirical evidence on quantitative economic benefits of BREEAM-certified offices in the Netherlands. After controlling for all important office rent determinants, the results show a rental premium for certified office buildings of 10.3% on average. The green premiums highly differ across submarkets and vary between 5.1 and 12.6% in the five largest Dutch cities. Additionally, the results show significant positive correlation between BREEAM-NL label score and rents, whereby better performing buildings generally command higher rents.

Originality/value

The study contributes to the current literature on green building economics by providing, as one of the first, empirical evidence on the existence of financial benefits for BREEAM-certified office buildings in the Dutch office market.

Details

Journal of European Real Estate Research, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1753-9269

Keywords

Content available
Article
Publication date: 1 March 1999

272

Abstract

Details

Property Management, vol. 17 no. 1
Type: Research Article
ISSN: 0263-7472

Keywords

Content available
Article
Publication date: 2 November 2012

Stephen Todd

156

Abstract

Details

Structural Survey, vol. 30 no. 5
Type: Research Article
ISSN: 0263-080X

Content available
Article
Publication date: 13 July 2010

Stephen Todd

371

Abstract

Details

Structural Survey, vol. 28 no. 3
Type: Research Article
ISSN: 0263-080X

Content available
Article
Publication date: 27 August 2009

Stephen Todd

270

Abstract

Details

Structural Survey, vol. 27 no. 4
Type: Research Article
ISSN: 0263-080X

Open Access
Article
Publication date: 29 April 2020

Ayomikun Solomon Adewumi

Purpose: Urban centres have been argued to be crucial in the battle for sustainability. With more than half of the global population presently living in cities, the sustainability…

Abstract

Purpose: Urban centres have been argued to be crucial in the battle for sustainability. With more than half of the global population presently living in cities, the sustainability challenges of global warming, environmental degradation, social inequality, and economic recessions have continued to thrive. To this end, there have been efforts to revive and improve the existing physical and social structure of cities in a process known as urban regeneration. The aim of this paper is to explore the role of sustainability assessment frameworks in urban regeneration.

Approach: Aligning with the positivism philosophical position, and using document analysis as a data collection method, the study discusses the state of the art of urban regeneration and its application in recent times. The study also reviewed selected neighbourhood sustainability assessment frameworks as a tool for decision-making towards sustainability to know the extent in which they capture the goals of urban regeneration.

Findings: Findings showed that the uptake of the sustainability assessment frameworks could play a role in enhancing integration of local context, social wellbeing and economic prosperity, environmental quality, and stakeholder engagement at the neighbourhood level which are the main aspects of urban regeneration.

Theoretical and practical implications: In theory, this paper establishes the assumption that with some revisions, sustainability assessment frameworks could serve as a tool for decision-making in urban regeneration process. Practise-wise, urban regeneration at the neighbourhood level can now be measured against sustainability benchmarks and indicators.

Details

Emerald Open Research, vol. 1 no. 5
Type: Research Article
ISSN: 2631-3952

Keywords

Content available
Article
Publication date: 1 August 2006

Stephen Todd

99

Abstract

Details

Structural Survey, vol. 24 no. 4
Type: Research Article
ISSN: 0263-080X

Open Access
Book part
Publication date: 1 May 2019

Søren Wandahl, Louise Lund, Hasse Neve and Stina Rask Jensen

The aim of this study is to develop a framework that incorporates social aspects of housing refurbishment when evaluating the sustainability of refurbishment projects. The…

Abstract

Purpose

The aim of this study is to develop a framework that incorporates social aspects of housing refurbishment when evaluating the sustainability of refurbishment projects. The research examined whether the German Sustainable Building Council (DGNB) certification yields a holistic approach to social sustainability.

Approach

A framework for social sustainability was established from values identified through reviews of certification systems, published literature and from interviews. The target is to better assess and value holistic and soft parameters like social sustainability when assessing the overall value creation of projects.

Findings

The result was a more transparent and systematic structure, which revealed that the DGNB certification had shortcomings in a holistic approach to social sustainability. Counteractions for these shortcomings are discussed.

Research Limitations

Researchers are still discussing how to include more soft aspects like social aspects with the more hard measures like energy consumption and initial cost in the same equation for addressing sustainability in a more holistic framework. This research contributes to this.

Practical Implications

Considering the current climate situation and the amount and the state of existing European building stock, sustainable renovation is inevitable. In Europe, the DGNB certification is one of the most applied certification systems of sustainability. It approaches all parts of sustainability. Yet, social sustainability has been criticised for being neglected.

Originality/Value

A review of literature concerning the concept suggests that it is a concept in chaos. There have been a number of attempts to impose some order to this; however, the attempts have all been made differently and with limited success.

Details

10th Nordic Conference on Construction Economics and Organization
Type: Book
ISBN: 978-1-83867-051-1

Keywords

Content available
Article
Publication date: 10 July 2009

Stephen Todd

153

Abstract

Details

Structural Survey, vol. 27 no. 3
Type: Research Article
ISSN: 0263-080X

Content available
Article
Publication date: 12 July 2011

Stephen Todd

789

Abstract

Details

Structural Survey, vol. 29 no. 3
Type: Research Article
ISSN: 0263-080X

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