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Valuing the Built Environment

Valuing the Built Environment
Author: Scott Orford
Publisher: Routledge
Total Pages: 232
Release: 2017-09-08
Genre: Science
ISBN: 1351876147

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This book critically assesses the hedonic pricing technique as a method of imputing monetary values for the implicit attributes of housing. The hedonic technique is widely used, particularly in the US, but increasingly in Europe and Asia and has proved to yield important results and influence cost-benefit analysis. Scott Orford breaks new ground in this volume by exploring hedonic house price models within a geographical rather than purely economic context. He reevaluates the microeconomic theory of housing markets and concludes that only by treating housing market dynamics as inherently spatial can empirical results conform to the theory that underpins them. He also makes conclusions with respect to locational externalities, which have important implications as to how the built environment is valued.


Value in a Changing Built Environment

Value in a Changing Built Environment
Author: David Lorenz
Publisher: John Wiley & Sons
Total Pages: 248
Release: 2017-12-26
Genre: Business & Economics
ISBN: 144433476X

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A new framework for understanding the underpinnings of real estate property value and the role it plays in the larger economy Value in a Changing Built Environment examines the professional foundations on which the valuation exercise and the valuation profession rest. Written by noted experts in the field, the book addresses the often limited understanding of the concept of property value by explaining the intrinsic linkages between economic, environmental, social, and cultural measures and components of property value. The book offers a framework that paves the way towards a more holistic approach to property value. Value in a Changing Built Environment unwraps many of the traditional assumptions that have underpinned market participants’ decision making over the last few decades. The authors explore the concept that a blindfold application of valuation theories and approaches adopted from finance is unlikely to be able to cope with the nature of property as an economic and public good. This vital resource: Explains the criteria for making estimates of value that can be applied worldwide Offers an integrated approach to property value and the valuation processes Captures the often illusive intangibles such as environmental performance into valuation Addresses a market failure to account for wider criteria on building performance Value in a Changing Built Environment examines how real estate valuation plays a pivotal role in decision making and how can a new body of knowledge improve the practice in both business and social domains.


Economics for the Built Environment

Economics for the Built Environment
Author: Marcus Warren
Publisher: Butterworth-Heinemann
Total Pages: 296
Release: 1993
Genre: Architecture
ISBN:

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A textbook to be used in an economics course for graduate students of building, construction management, surveying, and similar disciplines. Bypasses the economic theory that confuses readers at the beginning of most such texts, and instead uses examples of applications throughout. No bibliography. Annotation copyright Book News, Inc. Portland, Or.


Valuing Design and Designing Value

Valuing Design and Designing Value
Author: Irmak İfakat Turan
Publisher:
Total Pages: 151
Release: 2020
Genre:
ISBN:

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Architecture and finance both contribute to the conception and production of the built environment. Their agendas for buildings are sometimes in agreement and other times at odds. In this dissertation, I examine the intersection of architecture and finance by quantitatively assessing the economic value of design. Specifically, I measure the premium of two visual attributes--daylight and views--in office spaces in the borough of Manhattan in New York. Combining computational building performance analysis with empirical commercial rent data, I evaluate offices simultaneously as designed spaces and as property. First, I simulate spatially-distributed daylight and views in 5,154 offices. In the case of views, the hybrid performance-finance approach informs a new method for view modeling in an urban context. Second, using a hedonic pricing regression, I measure the premium for daylight and views in office rent prices. The results show that spaces with high levels of daylight have a 5 to 6% premium over spaces with low daylight; and spaces with high access to views have a 6% premium over spaces with low access to views. The combined value of spaces with both high daylight and view access, similarly, is 6%, indicating that the impact of daylight and views together is significant but is not additive. The identified premiums reflect how much more tenants are willing to pay for these attributes, holding all other building, neighborhood, and lease contract characteristics constant. At a moment when the affordability and sustainability of the urban built environment are in question, identifying the financial value of spatial characteristics can inform the production and regulation of properties. Architectural design and the flow of real estate capital are among a multitude of factors that collectively impact the creation of buildings. Combining methods of building performance analysis and financial modeling, this dissertation presents a new lens through which to understand how spatial design relates to economic forces governing our built world.


Evaluation of the Built Environment for Sustainability

Evaluation of the Built Environment for Sustainability
Author: Vicenzo Bentivegna
Publisher: Taylor & Francis
Total Pages: 636
Release: 2003-09-02
Genre: Architecture
ISBN: 1135814392

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Sustainability in the built environment is a major issue facing policy-makers, planners, developers and designers in the UK, Europe and worldwide. The measuring of buildings and cities for sustainability becomes increasingly important as pressure for green, sustainable development translates into policy and legislation. The problems of such measurement and evaluation are presented by the authors in contributions which move from the general to the particular, e.g. from a general framework for an environmentally sustainable form of urban development to a specific input-output model application to environmental problems. The book is divided into three parts: the first covers city models and sustainable systems - research programmes, environmental policies, green corporations and collaborative strategies to make urban development more sustainable; part two discusses the problems of evaluating the built environment in planning and construction, covering economic and environmental methods and construction, development and regeneration processes; part three illustrates a number of applications using different approaches and techniques and referring to a range of environmental aspects of the natural and built environment, from maintaining historic buildings to transport management and air pollution monitoring.


The City at Eye Level

The City at Eye Level
Author: Meredith Glaser
Publisher: Eburon Uitgeverij B.V.
Total Pages: 226
Release: 2012
Genre: Architecture
ISBN: 9059727142

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Although rarely explored in academic literature, most inhabitants and visitors interact with an urban landscape on a day-to-day basis is on the street level. Storefronts, first floor apartments, and sidewalks are the most immediate and common experience of a city. These "plinths" are the ground floors that negotiate between inside and outside, the public and private spheres. The City at Eye Level qualitatively evaluates plinths by exploring specific examples from all over the world. Over twenty-five experts investigate the design, land use, and road and foot traffic in rigorously researched essays, case studies, and interviews. These pieces are supplemented by over two hundred beautiful color images and engage not only with issues in design, but also the concerns of urban communities. The editors have put together a comprehensive guide for anyone concerned with improving or building plinths, including planners, building owners, property and shop managers, designers, and architects.


Evaluating Sustainable Development

Evaluating Sustainable Development
Author: Peter S. Brandon
Publisher: John Wiley & Sons
Total Pages: 241
Release: 2009-02-18
Genre: Business & Economics
ISBN: 1405172347

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Sustainable development has been characterised by an emphasis onenvironmental issues and an ad hoc approach to structuring thesubject which hinders the development of knowledge in a systematicway. The built environment contributes significantly to theenvironment but is also one of the major factors in determiningwhether a community is sustainable in the longer term. A structure is required which aids definition, provides a commonset of values, establishes measurement methods to define progress,and suggests a management system and decision protocol whichenables practitioners to engage and use the resultant structuresand information. This book provides a suggested structure in which all aspects ofsustainable development can be included together with a set ofevaluation techniques which can be used within the structure toprovide assistance to decision making.


Regeneration of the Built Environment from a Circular Economy Perspective

Regeneration of the Built Environment from a Circular Economy Perspective
Author: Stefano Della Torre
Publisher: Springer Nature
Total Pages: 386
Release: 2019-01-01
Genre: Building
ISBN: 303033256X

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This open access book explores the strategic importance and advantages of adopting multidisciplinary and multiscalar approaches of inquiry and intervention with respect to the built environment, based on principles of sustainability and circular economy strategies. A series of key challenges are considered in depth from a multidisciplinary perspective, spanning engineering, architecture, and regional and urban economics. These challenges include strategies to relaunch socioeconomic development through regenerative processes, the regeneration of urban spaces from the perspective of resilience, the development and deployment of innovative products and processes in the construction sector in order to comply more fully with the principles of sustainability and circularity, and the development of multiscale approaches to enhance the performance of both the existing building stock and new buildings. The book offers a rich selection of conceptual, empirical, methodological, technical, and case study/project-based research. It will be of value for all who have an interest in regeneration of the built environment from a circular economy perspective.


Sustainable Practices in the Built Environment

Sustainable Practices in the Built Environment
Author: Craig Langston
Publisher: Routledge
Total Pages: 304
Release: 2008-09-10
Genre: Architecture
ISBN: 1136360638

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Sustainability is a key issue and its impact on the construction industry, as one of the major users of the Earth's resources, is starting to take hold. This book deals with sustainability as it affects the construction industry, looking at the techniques and issues which designers, engineers, planners and construction managers will have to deal with in their day-to-day activities. It covers methods of analysis such as environmental impact assessment and cost-benefit analysis as well as topics on design and energy regulation and conservation. The book is an important introduction to the subject for senior undergraduate and postgraduate students. Given the importance and novelty of the subject, professionals in the construction industry will also find the book valuable.