Green Technology’s Effect on Sustainable Office Property Development in Sydney

The promotion of green technologies in office property developments has triggered a series of changes in the existing market. Firstly, this paper examines the existing office property market based on the Office Market Report 2014 by Property Council of Australia which illustrates the demand for sustainable offices being solid. Then through utilizing DiPasquale and Wheaton model, the effects of green technologies for present market are analyzed from different aspects which are rating scheme, government policies, green technologies cost and economy. It is believed that sustainable office properties will enjoy high popularity in the future and the application of green technology in office properties will contribute to a more sustainable Sydney.