A growing concern among policymakers, institutional investors, and the general public over the environmental, social, and economic impact of development has prompted a broad-based movement toward sustainable development practices in the real estate industry.
However, a substantial gap still exists between theories of sustainability and their application in the real estate development, investment, and management communities. While emerging research has increased awareness of environmental issues, more research—specific to the real estate industry—is necessary to define sustainable development best practices, create effective measurement tools and performance indicators, and facilitate innovation in both building technologies and investment analysis.
The Center for the Sustainable Built Environment (SBE) at the NYU Schack Institute of Real Estate responds to this urgent need. The mission of the SBE is to provide a multidisciplinary, collaborative platform to foster innovation and advance the practice of sustainability in the real estate and construction industries through applied research, education, and outreach. The SBE serves a pivotal role within the real estate, construction, and design communities, creating a point of intersection where students and professionals from various academic disciplines, industries, public agencies, and nonprofit organizations can share strategies and work together toward a more sustainable built environment.
I encourage you to explore the numerous research initiatives, educational opportunities, and events offered by NYU Schack and the SBE. Through these initiatives, we strive to help shape the future of the built environment and create leaders in sustainable real estate development, finance, and construction. Please do not hesitate to contact us to learn more or get involved.
Constantine E. Kontokosta, Ph.D., P.E., AICP
Director, Center for the Sustainable Built Environment