Green leasing in commercial real estate: the drivers and barriers for owners and tenants of sustainable office buildings

Collins, Dave; Junghans, Antje; Haugen, Tore

doi:10.1108/JCRE-01-2017-0003

Publication type:	Article in scientific journal
Type of review:	Peer review (publication)
Title:	Green leasing in commercial real estate: the drivers and barriers for owners and tenants of sustainable office buildings
Authors:	Collins, Dave Junghans, Antje Haugen, Tore
et. al:	No
DOI:	10.1108/JCRE-01-2017-0003
Published in:	Journal of Corporate Real Estate
Volume(Issue):	20
Issue:	4
Page(s):	244
Pages to:	259
Issue Date:	2018
Publisher / Ed. Institution:	Emerald
ISSN:	1463-001X 1479-1048
Language:	English
Subjects:	Commercial office user; Green leasing; Sustainability strategy; Sustainable building; Sustainable facility and service; Commercial real estate (CRE)
Subject (DDC):	332: Financial economics 658.2: Facility Management
Abstract:	Purpose: This paper aims to investigate the drivers and barriers for green leases and tenancies in sustainable “Building Research Establishment Environmental Assessment Method” (BREEAM) and “Leadership in Energy and Environmental Design” (LEED) certified office and office buildings in Norway, the UK and the USA. This study focuses on the differing perspectives between owners and tenants. It is then considered as to how these issues are dealt with during different phases of a buildings life cycle. This research is based on existing literature and semi-structured interviews that studied qualitative and quantitative elements in the context of ownership and tenancy of single and multi-tenanted sustainable office buildings. Design/methodology/approach: Using a mixed-method approach involving semi-structured interviews with both qualitative and quantitative elements along with desk research, this paper evaluates how green leases and tenancies in offices and office buildings that are BREEAM and LEED certified require a reconsideration and reevaluation of the acquisition, operation and disposal of office buildings by building owners and their tenants. These stakeholder relationships are supported theoretically using a theoretical model that outlines the interrelation between the sustainable building and the relationships of the building owner, the user and the FM service provider. Findings: The data gathered from the interviews justify and partly contradict some of the statements within existing literature, diminishing the importance of cost and the barrier of split incentive but instead illuminate the importance of less tangible considerations such as company policy or a sustainability strategy. The results also note the realisation of a changing market for commercial real estate driven by the sustainable business needs of tenants for the occupation of workspaces. Research limitations/implications: These findings have the potential to further develop theories and provide an insight into how the relationships between actors from a business, procurement and contractualperspective need to be developed to ensure more proactive development of green leasing of new and existing sustainable office buildings, along with where strategic attention is required during the building design, construction, operational and use phases. Originality/value: This paper is based on original research through interviews and literature studies supported by an existing theoretical model. The results have been partly presented and initially discussed at the WBC World Congress 2016 in Tampere, Finland.
URI:	https://digitalcollection.zhaw.ch/handle/11475/28262
Fulltext version:	Published version
License (according to publishing contract):	Licence according to publishing contract
Departement:	Life Sciences and Facility Management
Organisational Unit:	Institute of Facility Management (IFM)
Appears in collections:	Publikationen Life Sciences und Facility Management

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Collins, D., Junghans, A., & Haugen, T. (2018). Green leasing in commercial real estate: the drivers and barriers for owners and tenants of sustainable office buildings. Journal of Corporate Real Estate, 20(4), 244–259. https://doi.org/10.1108/JCRE-01-2017-0003

Collins, D., Junghans, A. and Haugen, T. (2018) ‘Green leasing in commercial real estate: the drivers and barriers for owners and tenants of sustainable office buildings’, Journal of Corporate Real Estate, 20(4), pp. 244–259. Available at: https://doi.org/10.1108/JCRE-01-2017-0003.

D. Collins, A. Junghans, and T. Haugen, “Green leasing in commercial real estate: the drivers and barriers for owners and tenants of sustainable office buildings,” Journal of Corporate Real Estate, vol. 20, no. 4, pp. 244–259, 2018, doi: 10.1108/JCRE-01-2017-0003.

COLLINS, Dave, Antje JUNGHANS und Tore HAUGEN, 2018. Green leasing in commercial real estate: the drivers and barriers for owners and tenants of sustainable office buildings. Journal of Corporate Real Estate. 2018. Bd. 20, Nr. 4, S. 244–259. DOI 10.1108/JCRE-01-2017-0003

Collins, Dave, Antje Junghans, and Tore Haugen. 2018. “Green Leasing in Commercial Real Estate: The Drivers and Barriers for Owners and Tenants of Sustainable Office Buildings.” Journal of Corporate Real Estate 20 (4): 244–59. https://doi.org/10.1108/JCRE-01-2017-0003.

Collins, Dave, et al. “Green Leasing in Commercial Real Estate: The Drivers and Barriers for Owners and Tenants of Sustainable Office Buildings.” Journal of Corporate Real Estate, vol. 20, no. 4, 2018, pp. 244–59, https://doi.org/10.1108/JCRE-01-2017-0003.