Sustainability and the financialisation of commercial property

Making prime and non-prime markets

Datos Bibliográficos

ID4475754
AutoresYvonne Rydin (0000-0001-8283-9827, Bartlett School of Planning, University College London, UK, autor de correspondencia)
Año2016
Volumen34
Número4
Páginas745-762
Fecha de publicación2016-08-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaEnvironment and Planning D Society and Space (JOURNAL)
Identificadores de la revistaISSN: 0263-7758 • E-ISSN: 1472-3433
EditorialSAGE Publications Inc (PUBLISHER)
DOI10.1177/0263775816633472
OpenAlexW2341613428
IdiomaEN
Citas recibidas4
Referencias citadas35

At the same time that the sustainability agenda has gained purchase within the commercial property market, financialisation has also been having an impact. This article argues that this impact has been concentrated in the prime sector of the market and that there is a significant non-prime sector that also deserves attention. Using a new economic sociology framework, it presents an analysis of how sustainability concerns have penetrated both the prime and non-prime commercial property sectors, looking at the construction of the object of market exchange, the modalities of valuation and the role of calculative practices based on classificatory tools. It demonstrates why promoting sustainability is occurring in the financialised prime sector and largely being ignored elsewhere. While showing the value of a new economic sociology framework, it suggests that the claims for creating a disentangled abstract object of exchange are exaggerated where commercial property is concerned

Business · Economics · Epistemology · Prime (order theory · Property (philosophy · Sustainability · Valuation (finance · Community Development and Social Impact · Housing, Finance, and Neoliberalism · Mathematics · Political Economy and Marxism · Accounting · Ecology