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Investigating the economic benefits of sustainability in commercial real estate developments
Date
2017-04
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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.
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Keywords
commercial real estate developments, sustainability, economic benefits, Accra