Investigating the economic benefits of sustainability in commercial real estate developments

Date
2017-04
Authors
Antonio, Brian Elorm
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Abstract
The main purpose of this research was to identify the economic benefits of considering sustainability in the building of commercial real estate developments and tackle the problem of real estate development partners implementing westerns ways of building in a blinkard fashion, ignoring the building requirements of the city of Accra given its humidity and tropical characteristics. The research was conducted by administering of questionnaires to property managers or owners of selected commercial real estate developments in parts of Accra. These individuals that made up the sample size were shortlisted through the use of the snowballing tactic, where an initial point of contact, in this case an architectural firm, would suggest specific stakeholders be approached since they had information relevant to the research. After conducting a life cycle cost analysis of these selected commercial real estate developments, it was concluded that developments that factored in sustainability and built in accordance with the building requirements given the tropical region did enjoy some economic benefits when compared to developments that did not factor in sustainability. This research serves as a guide to relevant development partners are now they have contextualised research that proves the economic benefits sustainability can bring when considered.
Description
Thesis submitted to the Department of Business Administration, Ashesi University College, in partial fulfillment of Bachelor of Science degree in Business Administration, April 2017.
Keywords
commercial real estate developments, sustainability, economic benefits, Accra
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