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Smart and Green Buildings Features in the Decision-Making Hierarchy of Office Space Tenants: An Analytic Hierarchy Process Study

Author

Listed:
  • Głuszak, Michał
  • Gawlik, Remigiusz
  • Zięba, Małgorzata

Abstract

In the paper, we investigate the role of smart building or green building innovations on the Polish real estate market using the Analytic Hierarchy Process (AHP) method on the group of experts (consultants, managers, brokers) that are active on the office market in Krakow (study area). The findings point towards the highest relevance of the localisation factor, but also at the relatively low importance of the features of a sustainable building: building automation and information technology systems, as well as energy efficiency or certification. The findings suggest that despite the growing interest in sustainability and technological advancement amongst office market participants in Krakow, the relative importance of smart and green building features in their decision-making processes is relatively low. The study has some interesting practical implications. The knowledge regarding the relative importance of decision criteria can be valuable for developers and investors because the anticipation of tenants’ expectations is directly linked with return on investment and innovation premiums.

Suggested Citation

  • Głuszak, Michał & Gawlik, Remigiusz & Zięba, Małgorzata, 2019. "Smart and Green Buildings Features in the Decision-Making Hierarchy of Office Space Tenants: An Analytic Hierarchy Process Study," MPRA Paper 95279, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:95279
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    References listed on IDEAS

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    Cited by:

    1. Vladimír Bureš & Jiří Cabal & Pavel Čech & Karel Mls & Daniela Ponce, 2020. "The Influence of Criteria Selection Method on Consistency of Pairwise Comparison," Mathematics, MDPI, vol. 8(12), pages 1-13, December.
    2. Andrzej Pacana & Dominika Siwiec & Jacek Pacana, 2023. "Fuzzy Method to Improve Products and Processes Considering the Approach of Sustainable Development (FQE-SD Method)," Sustainability, MDPI, vol. 15(13), pages 1-22, June.
    3. Matus Barath & Dusana Alshatti Schmidt, 2022. "Offices after the COVID-19 Pandemic and Changes in Perception of Flexible Office Space," Sustainability, MDPI, vol. 14(18), pages 1-17, September.
    4. Lin, Sheng-Hau & Zhang, Hejie & Li, Jia-Hsuan & Ye, Cheng-Zhou & Hsieh, Jing-Chzi, 2022. "Evaluating smart office buildings from a sustainability perspective: A model of hybrid multi-attribute decision-making," Technology in Society, Elsevier, vol. 68(C).

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    More about this item

    Keywords

    sustainable real estate; office market; smart building; green building; Industry 4.0; analytic hierarchy process; MCDM;
    All these keywords.

    JEL classification:

    • C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • R33 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Nonagricultural and Nonresidential Real Estate Markets

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