Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Social Value — Bringing Worth To Commercial Real Estate In Greater China

Shaun Brodie • 22/04/2024
China Social Value Report 2024
 
The S in ESG relates to social, and it refers to an organization's ability to satisfy the needs of its stakeholders, including employees, clients, suppliers, and local communities, and ensuring that social justice, equity, and fundamental human rights are sustained.
 
When considering commercial real estate around the world and in Greater China, and the social side of things, social value is simply when value is produced when commercial buildings and places improve the quality of life of people.
 
There are a number of reasons why social value in a commercial real estate context is increasingly being taken seriously. Some example reasons include:
 
  • The contribution and size of the real estate sector
  • The impact of the COVID-19 pandemic
  • Millennial and Gen Z priorities
  • Socially inspired investors
 
When considering social value best practice for real estate, the stakeholder and his/her social value requirements need to be examined. Recognizing these needs can allow for the identification of pertinent interventions and concentrate commercial real estate-related activities and actions in areas that generate the greatest social value.
 
Taking commercial office buildings as an example, certain metrics, such as building energy and water usage, building floor space efficiency, average building leasing vacancy and average building leasing rental are easily measurable. The level of social value level, however, can initially be a little more of a challenge to measure for commercial building owners.
 
Please click here to download the full report.

RECENT INSIGHTS

Shenzhen (image)
MarketBeat

Shenzhen MarketBeat

Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
Xiaoduan Zhang • 29/03/2024
Beijing (image)
MarketBeat

Beijing MarketBeat

Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
Sabrina Wei • 28/03/2024
Shanghai
MarketBeat

Shanghai MarketBeat

Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
Shaun Brodie • 28/03/2024

How can we help?

Get in touch with one of our professionals.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
MORE OPTIONS
AGREE AND CLOSE
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS