Green commercial properties prove their worth
Nearly half of respondents in a global survey reported stronger occupier and investor demand for commercial properties with green building certificates. This translates into higher rents according to the Royal Institution of Chartered Surveyors, RICS, sustainability findings within its global commercial property monitor for the third quarter.
The global survey reported stronger occupier and investor demand for commercial properties with green building certificates. This translates into higher rents according to the Royal Institution of Chartered Surveyors, RICS, sustainability findings within its global commercial property monitor for the third quarter. RICS global property standards director Paul Bagust said: "Whether we look at ...
Green commercial properties prove their worth
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Nearly half of respondents in a global survey reported stronger occupier and investor demand for commercial properties with green building certificates. This translates into higher rents according to the Royal Institution of Chartered Surveyors, RICS, sustainability findings within its global commercial property monitor for the third quarter.
The current economic environment is creating challenges for investors and occupiers to make the case for investing in retrofitting and futureproofing their real estate. JLL's new The Commercial Case for Making Buildings More Sustainable report outlines three key factors that should be prioritized in occupiers' and owners' decision-making to create a more resilient and sustainable […]
Sustainability in Commercial Real Estate
The demand for sustainable spaces has shifted from trend to necessity in today's property market. In commercial real estate, green buildings are no longer a niche; they are becoming the standard. Companies, investors, and communities are increasingly prioritizing environmentally responsible properties that reduce operating costs, enhance employee well-being, and improve long-term asset value.
This expert shares how to make sustainable buildings IMF: This is the impact of COVID-19 on commercial real estate By implementing the right measures in the right way and at the right time, owners of sustainable buildings can minimise the impact of physical and transition risks on their properties .
Green Features, Real Value
While sustainability is gaining attention in commercial real estate, its impact on value and market performance is still evolving. Thirty percent of REALTORS® report that green certifications, such as LEED and Energy Star, increase the property values of commercial buildings in their markets, indicating that sustainability features are beginning to translate into measurable financial benefits.
These deals are anecdotal evidence that, in some sectors of the commercial real estate market, the greener the property, the higher the potential premiums in rental, occupancy and sales price. The debate around a 'green premium', whether it really exists and if sustainable-certified buildings can achieve a return on investment has long raged in the industry. The issue has been data. The ...
Sustainability Sells
It is important to note that real estate development is an inherently unsustainable practice, but the industry is working diligently to enhance the level of sustainability involved in new development practices to mitigate the negative influence on the natural environment. This article delves into how sustainability sells — specifically, how greener buildings can attract premium tenants and ...
More tenants are formalizing expectations through green leases covering an ever-wider array of topics that identify shared sustainability goals and help to drive progress towards them. 6. Access to green space Integrated sustainability strategies are focusing on employee health, wellbeing and productivity alongside decarbonization.