Strong rental protection in the affordable housing market often prohibits landlords from
charging rental premiums for energy-efficient dwellings. This may impede (re)development of …

The increasing societal focus on environmental issues leads to important questions about the
relationship between corporate environmental (ESG) performance and firms’ cost of capital…

A significant part of the global carbon externality stems from the real estate sector. Environmental
certification is often hailed as an effective means to resolve the information asymmetry …

We extend the commonly-studied definition of investment in sustainable and energy efficient
real estate beyond environmental building certification to include three additional types of …

The consensus in the academic literature is that energy efficiency is associated with transaction
value premiums, but it is not clear to what extent property appraisers take account of this. …

Using a large dataset of US offices we analyse the relationship between investors’ distance
to their assets and the effective rent of these assets, and study the extent to which property …

This article provides new insights into the performance of commercial real estate, focusing
on the environmental performance of institutional assets. The authors employ a proprietary …

Natural disasters such as hurricanes, floods, heatwaves, and wildfires are projected to
become more prevalent in the foreseeable future. Climate risk is, therefore, increasingly …

There is an ongoing debate about the impact of environmental performance on a firm’s cost
of capital, but most academic studies are hindered by methodological challenges. The real …

This study investigates the capitalization of climate shocks in commercial real estate owned
and operated by sophisticated investors. We focus on Hurricanes Harvey and Sandy to …