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Is there a demand for sustainable offices? An analysis of UK business occupier moves (2006--2008)

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  • Tim Dixon
  • Gina Ennis‐Reynolds
  • Claire Roberts
  • Sally Sims

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.

Suggested Citation

  • Tim Dixon & Gina Ennis‐Reynolds & Claire Roberts & Sally Sims, 2009. "Is there a demand for sustainable offices? An analysis of UK business occupier moves (2006--2008)," Journal of Property Research, Taylor & Francis Journals, vol. 26(1), pages 61-85, June.
    • Handle: RePEc:taf:jpropr:v:26:y:2009:i:1:p:61-85
    DOI: 10.1080/09599910903290052
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    Cited by:

    1. Ingrid Nappi-Choulet & Aurelien Decamps, 2013. "Can Sustainability Enhance Business District Attractiveness? A Survey of Corporate Property Decisions in France," Urban Studies, Urban Studies Journal Limited, vol. 50(16), pages 3283-3304, December.
    2. Nappi-Choulet, Ingrid & Décamps, Aurélien, 2011. "Is Sustainability Attractive for Corporate Real Estate Decisions ?," ESSEC Working Papers WP1106, ESSEC Research Center, ESSEC Business School.
    3. Yasmin Mohd Adnan & Nor Adibah Mohd Arif & Muhammad Najib Razali, 2022. "Exploring Green Office Building Choices by Corporate Tenants in Malaysia," Sustainability, MDPI, vol. 14(21), pages 1-23, November.
    4. Janda, Kathryn B., 2014. "Building communities and social potential: Between and beyond organizations and individuals in commercial properties," Energy Policy, Elsevier, vol. 67(C), pages 48-55.
    5. Alexander Reichardt, 2014. "Operating Expenses and the Rent Premium of Energy Star and LEED Certified Buildings in the Central and Eastern U.S," The Journal of Real Estate Finance and Economics, Springer, vol. 49(3), pages 413-433, October.
    6. Jenny Jing Wang & Jianfu Shen & Frederik Pretorius, 2023. "Valuing options to renew at future market value: the case of commercial property leases," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 9(1), pages 1-35, December.

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