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Business Models for Building Sustainability: Markets, Costs, Constraints, and Challenges
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Business Models for Building Sustainability: Markets, Costs, Constraints, and Challenges

A special issue of Buildings (ISSN 2075-5309). This special issue belongs to the section "Architectural Design, Urban Science, and Real Estate".

Deadline for manuscript submissions: 31 December 2026 | Viewed by 679

Editors

Dr. Pietro Bonifaci

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Guest Editor
Department of Architecture and Arts, IUAV University of Venice, 30135 Venice, Italy
Interests: property valuation; real estate development
Dr. Sergio Copiello

E-Mail Website
Guest Editor
Department of Architecture and Arts, IUAV University of Venice, 30135 Venice, Italy
Interests: property investment; property valuation
Special Issues, Collections and Topics in MDPI journals
Prof. Dr. Armand Vokshi

E-Mail Website
Guest Editor
Faculty of Architecture and Urbanism, Polytechnic University of Tirana, Tiranë 1000, Albania
Interests: architecture; urbanism
Dr. Siarhei Manzhynski

E-Mail Website
Guest Editor
Umeå School of Business, Economics and Statistics, Umeå University, 90187 Umeå, Sweden
Interests: sustainability business models; collaboration for for sustainability; circular ecomony; paradox theory

Special Issue Information

Dear Colleagues,

The topic of building sustainability has progressively evolved in recent years, becoming an increasingly complex and interdisciplinary field of research. The scientific community has recently focused on exploring innovative business models that synthesize several considerations on the value and costs of sustainability within the built environment. However, additional challenges remain to be addressed, particularly those related to climate change, safety and health, and innovative technologies, among others. Climate change is reshaping real estate markets by introducing new investment risk profiles. Issues concerning safety and health, among other social concerns, call for a deeper reflection on how the real estate market and urban development affect human wellbeing. The potential of innovative technologies, such as Building Information Modeling (BIM) integrated with Artificial Intelligence (AI), remains partly unexplored, especially regarding their application in supporting investment decision-making. This Special Issue aims to gather contributions on the effects that all these challenges may have on the real estate and construction markets, as well as on the further evolution of innovative business models linked with them.

Dr. Pietro Bonifaci
Dr. Sergio Copiello
Prof. Dr. Armand Vokshi
Dr. Siarhei Manzhynski
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 250 words) can be sent to the Editorial Office for assessment.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-anonymized peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Buildings is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2600 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • innovative business models
  • building industry
  • building performance
  • building energy efficiency
  • real estate market
  • cost control
  • sustainable urban development
  • climate change
  • building information modeling
  • circular economy

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Published Papers (2 papers)

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Research

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21 pages, 5410 KB  
Article
Complaint Fingerprints of Condominium Value in Bangkok: A Within-District Test of Infrastructure Capitalization
by Than Dendoung
Buildings 2026, 16(16), 3147; https://doi.org/10.3390/buildings16163147 - 7 Aug 2026
Viewed by 237
Abstract
Neighborhood quality is the hardest hedonic component to measure and is usually proxied by coarse census aggregates. I ask whether complaint composition reveals infrastructure quality that markets capitalize, or if it merely reflects unequal engagement and urbanicity. I link 556,882 geolocated complaints from [...] Read more.
Neighborhood quality is the hardest hedonic component to measure and is usually proxied by coarse census aggregates. I ask whether complaint composition reveals infrastructure quality that markets capitalize, or if it merely reflects unequal engagement and urbanicity. I link 556,882 geolocated complaints from Thailand’s Traffy Fondue platform (January 2025 to June 2026) to 8553 for-sale condominiums across Bangkok, geocoding each project with two independent services (76% building precision, cross-validated to 45 m), and measure the local complaint environment within 250 to 1000 m rings. Across the 45 active districts, price tracks complaint composition strongly, but the fingerprint is collinear with urban density and collapses once complaint density is controlled. The central contribution is a within-area test: conditional on district and sub-district fixed effects, condominiums in a locally more flood-prone micro-location sell for less, 4.4% per standard deviation, strengthening with radius and with geocoding precision, and surviving false-discovery-rate correction. Complaint-mix diversity is likewise capitalized. Footpath share is positively signed but does not survive correction: complaint composition is two-dimensional, some categories indexing disamenity, others urban intensity. Regional PM2.5 haze carries no within-city signal. Citizen complaints are thus a spatially resolved fingerprint of local environmental quality, capitalizable only where the signal is local. Full article
(This article belongs to the Special Issue Business Models for Building Sustainability: Markets, Costs, Constraints, and Challenges)
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Review

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15 pages, 767 KB  
Review
Business Models for Building Sustainability: An Exploratory Integrative Literature Review on Circular Economy, Health and Safety, Digitalization, and Stakeholder Collaboration
by Pietro Bonifaci, Armand Vokshi, Siarhei Manzhynski, Ida Zelbi and Sergio Copiello
Buildings 2026, 16(17), 3376; https://doi.org/10.3390/buildings16173376 - 24 Aug 2026
Abstract
The sustainability of buildings and the built environment extends beyond energy and environmental performance to circular resource use, health and safety, digital infrastructure, and stakeholder collaboration. This exploratory integrative literature review examines how these established but insufficiently connected domains reshape business models in [...] Read more.
The sustainability of buildings and the built environment extends beyond energy and environmental performance to circular resource use, health and safety, digital infrastructure, and stakeholder collaboration. This exploratory integrative literature review examines how these established but insufficiently connected domains reshape business models in the built environment. Since the built environment is a major source of global carbon emissions and waste, a primary research stream concerns the transition toward circular economy principles beyond traditional profit-maximization logics. The literature also highlights the potential of health- and safety-oriented innovations to reduce risks and improve indoor environments. Other studies highlight the potential of digital innovations to improve life-cycle management, resource efficiency, and risk mitigation. However, their widespread adoption faces systemic barriers, including data interoperability and cybersecurity issues, implementation costs, skills shortages, organizational resistance, and regulatory and governance challenges. The literature often emphasizes technical potential while paying less attention to value-capture mechanisms and the allocation of costs, risks, benefits, and responsibilities among the actors involved. Integrating sustainable practices, digital infrastructures, circular-economy principles, and collaborative governance is therefore essential to develop economically viable, organizationally feasible, and ethically responsible business models for the built environment, across the building life cycle and among public and private stakeholders. Full article
(This article belongs to the Special Issue Business Models for Building Sustainability: Markets, Costs, Constraints, and Challenges)
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