Abstract
If green buildings are happening in most segments of the commercial real estate sector, as demonstrated in Chapter 2, it is reasonable to suppose that they will also arrive in the retail segment in the next few years. What would be the benefits to a retail real estate developer to have a larger “green profile?” This chapter sets out the business case for green retail buildings and provides examples of some of the monetary and other benefits that early adopters are gaining. Table 4.1 outlines some of the potential benefits and who would receive them, while Fig. 4.1 shows these benefits graphically.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
Many of the corporate audiences addressed by the author emphatically agree with this idea. Despite the current global recession, there is a considerable shortage of people in the 30–40 year-old age category in most of the world’s advanced economies. Without good people, how are you going to grow your business and/or profit in the future?
- 2.
Telsey Advisory Group is the leading independent equity research and consulting firm focused on the consumer sector. http://www.telseygroup.com.
References
Burr, Andrew. (2009). CoStar study finds ENERGY STAR, LEED buildings outperform peers. (2008, March 26). Retrieved January 4, 2009, from http://www.costar.com/News/Article. aspx?id=D968F1E0DCF73712B03A099E0E99C679. This study was updated through the second quarter of 2009, with similar results to the earlier data. Personal communication, Andrew Burr, July 2009.
Yudelson, Jerry. (2007). Green building incentives that work: A look at how local governments are incentivising green development. Retrieved on February 15, 2009, from http://www.naiop.org/foundation/ greenincentives.pdf. accessed February 15, 2009.
The best source for these incentives is the Database of State Incentives for Renewables and Efficiency, maintained by the North Carolina Solar Center, http://www.dsireusa.org.
Hajewski, Doris. (2007, April 26). Kohl's to go solar in California. Journal Sentinel. Retrieved on June 14, 2007, from http://www.jsonline.com/business/29452254.html.
Interview with Joseph Feldman, November 2008.
U.S. retailers embrace “green” practices according to BDO Seidman, LLP survey of CFOs. (2007, October 1). http://www.businesswire.com/portal/site/google/index.jsp? ndmViewId=news_view&newsId=20071001005301&newsLang=en.
Getting from green to gold: Retail success factors and outcomes. (2008, August 18). Retrieved on August 18, 2008 from http://www.environmentalleader.com/2008/08/18/green-retailers-six-key-focus-areas.
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2009 International Council of Shopping Centers
About this chapter
Cite this chapter
Yudelson, J. (2009). The Business Case for Green Retail. In: Sustainable Retail Development. Springer, Dordrecht. https://doi.org/10.1007/978-90-481-2782-5_4
Download citation
DOI: https://doi.org/10.1007/978-90-481-2782-5_4
Published:
Publisher Name: Springer, Dordrecht
Print ISBN: 978-90-481-2781-8
Online ISBN: 978-90-481-2782-5
eBook Packages: Earth and Environmental ScienceEarth and Environmental Science (R0)