Sustainability is now a "front and centre" issue for tenants choosing office space
Sustainability is now a "front and centre" issue for tenants choosing office space, according to a major new survey of real estate professionals.
PricewaterhouseCoopers and the Urban Land Institute (ULI), polled 600 firms to see what are the most important issues to them – sustainability came out as the top issue.
Although green buildings currently comprise just two per cent of the market, there is a great demand for more because on top of lower costs, the survey found sustainable office space engendered smoother relationships between real estate firms and planners, and gave businesses an advantage when recruiting as candidates are increasingly taking environmental policies into account when making employment decisions.
However, the survey found that while developers, government organisations, shareholders and occupiers are more concerned about sustainability, many fund managers remain sceptical that the higher upfront costs of sustainable property will actually lead to financial rewards.
Of course leaders in this field are the Ethical Property Company (http://bit.ly/5KiZ39) who has for some years now pioneered sustainable office space and fair management systems.
For more see http://bit.ly/dIG83H
