The key drivers and barriers to the sustainable development of commercial property in New Zealand

Abstract

In 2011 research was conducted to identify the key drivers and barriers to the sustainable development of commercial property in New Zealand (NZ) by surveying a cross-section of these market participants. The overall aim of the research was to identify any barriers that need to be overcome so that progress can be made towards advancing the sustainable building agenda in NZ’s commercial property sector that will help improve building energy performance and reduce greenhouse gas emissions. The results indicate there remain key issues for the property industry to resolve, the most significant of which is the commercial property sectors’ view of the cost premium for green buildings versus conventional buildings.