PUBLIC PERCEPTION ON ENVIRONMENTAL QUALITY FOR SUSTAINABLE COMMERCIAL PROPERTY INVESTMENT IN SOUTHEAST GEO-POLITICAL ZONE OF NIGERIA

Abstract

This study examined public perception of environmental quality for sustainable commercial property investment in the South-East Geo-Political Zone of Nigeria, with focus on Aba, Owerri, and Onitsha. The study was motivated by increasing environmental challenges associated with rapid urbanization, flooding, poor waste management, traffic congestion, and inadequate infrastructure within major commercial centres in the region. A descriptive survey research design using quantitative survey methods was adopted. Primary data were collected through structured questionnaires administered to estate surveyors and valuers, property developers, investors, residents, business operators, and environmental professionals. Out of 360 questionnaires distributed, 300 valid responses were retrieved and analysed, representing an 83.3% response rate. Descriptive statistical tools, including frequency distribution, mean score, standard deviation, and Relative Importance Index (RII), were employed for data analysis. The findings revealed that environmental quality significantly influences sustainable commercial property investment within the study area. Effective drainage systems, road infrastructure, waste management, sanitation, accessibility, and security conditions were identified as major determinants of investment attractiveness and property performance. The study further identified sustainable urban planning, green building practices, renewable energy systems, stronger environmental regulations, and public-private partnerships as essential strategies for improving environmental sustainability in commercial property development. The study concluded that improved environmental management and infrastructure provision are critical for enhancing sustainable commercial property investment in South-East Nigeria.