Conceptualising the benefits of green roof technology for commercial real estate owners and occupiers

Lamond, J; Wilkinson, S; Rose, C

Conceptualising the benefits of green roof technology for commercial real estate owners and occupiers

Lamond, J Wilkinson, S

Rose, C

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Publisher:: Pacific Rim Real Estate Society
Publication Type:: Conference Proceeding
Citation:: Conference Proceedings, 2014, pp. 1 - 10
Issue Date:: 2014-01

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Field	Value	Language
dc.contributor.author	Lamond, J	en_US
dc.contributor.author	Wilkinson, S https://orcid.org/0000-0001-9266-1858	en_US
dc.contributor.author	Rose, C	en_US
dc.contributor.editor	-	en_US
dc.date	2014-01-19	en_US
dc.date.issued	2014-01	en_US
dc.identifier.citation	Conference Proceedings, 2014, pp. 1 - 10	en_US
dc.identifier.uri	http://hdl.handle.net/10453/33271
dc.description.abstract	The benefits of Water Sensitive Urban Design (WSUD) are increasingly being recognised in terms of reduced flood risk, reduced cost of drainage, improved water quality, lower energy use and other, less tangible aspects, such as aesthetics and amenity. Multiple tools and evaluation techniques exist to estimate the costs and benefits of installations on a total level. These evaluations vary in accuracy and precision and many benefits are difficult to monetise. There are also distributional aspects of costs and benefits that will need to be considered in the ongoing dialogue to encourage appropriate installation of WSUD that have, thus far, rarely been explored in research. In particular, the perspective of the commercial real estate owner, investor or occupier has been neglected in favour of governmental and societal views. This can be understood within the wider context of urban design such as retention or infiltration installations in public spaces; in Central Business Districts (CBDs), however, the installation of green roof technology is seen as one of the main contributors to WSUD and is largely in the hands of private companies. A conceptual model of the distribution of benefits from installing a green roof on a commercial building is presented that can inform the understanding of incentives and behaviours in the corporate real estate market. The results show that benefits accrue directly and indirectly to both owners and occupiers of commercial buildings with green roofs. However, many of the direct benefits are enjoyed by a much wider stakeholder group and these benefits will only be partly recognised as due to the investment in green roofs. Owners and occupiers of commercial buildings may also want to evaluate the indirect benefit accruing via their image of corporate social responsibility and, in addition the possibility of value uplift due to neighbourhood improvement.	en_US
dc.publisher	Pacific Rim Real Estate Society	en_US
dc.relation.ispartof	Conference Proceedings	en_US
dc.relation.ispartof	Pacific Rim Real Estate Conference	en_US
dc.title	Conceptualising the benefits of green roof technology for commercial real estate owners and occupiers	en_US
dc.type	Conference Proceeding
utslib.location	New Zealand	en_US
utslib.location.activity	Christchurch, New Zealand	en_US
utslib.for	1205 Urban and Regional Planning	en_US
dc.location.activity	Christchurch, New Zealand
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/e-Press
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
pubs.organisational-group	/University of Technology Sydney/Strength - CCDP - Contemporary Design Practice
utslib.copyright.status	open_access
pubs.consider-herdc	true	en_US
pubs.finish-date	2014-01-22	en_US
pubs.place-of-publication	New Zealand	en_US
pubs.start-date	2014-01-19	en_US

Abstract:

The benefits of Water Sensitive Urban Design (WSUD) are increasingly being recognised in terms of reduced flood risk, reduced cost of drainage, improved water quality, lower energy use and other, less tangible aspects, such as aesthetics and amenity. Multiple tools and evaluation techniques exist to estimate the costs and benefits of installations on a total level. These evaluations vary in accuracy and precision and many benefits are difficult to monetise. There are also distributional aspects of costs and benefits that will need to be considered in the ongoing dialogue to encourage appropriate installation of WSUD that have, thus far, rarely been explored in research. In particular, the perspective of the commercial real estate owner, investor or occupier has been neglected in favour of governmental and societal views. This can be understood within the wider context of urban design such as retention or infiltration installations in public spaces; in Central Business Districts (CBDs), however, the installation of green roof technology is seen as one of the main contributors to WSUD and is largely in the hands of private companies. A conceptual model of the distribution of benefits from installing a green roof on a commercial building is presented that can inform the understanding of incentives and behaviours in the corporate real estate market. The results show that benefits accrue directly and indirectly to both owners and occupiers of commercial buildings with green roofs. However, many of the direct benefits are enjoyed by a much wider stakeholder group and these benefits will only be partly recognised as due to the investment in green roofs. Owners and occupiers of commercial buildings may also want to evaluate the indirect benefit accruing via their image of corporate social responsibility and, in addition the possibility of value uplift due to neighbourhood improvement.

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http://hdl.handle.net/10453/33271