Knight Frank research finds that decarbonization pressures are reshaping office market

Knight Frank has launched the first of a three-part series examining how the industry is meeting the commercial property retrofit challenge.

Obsolescence is accelerating, driven by growing regulatory, physical, financial, and functional risks associated with sustainability. This is starkly demonstrated by statistics showing that 70 percent of commercial property floor space is rated EPC C or below and therefore at risk of being unlettable if previously proposed minimum standards are implemented in the United Kingdom.

Entitled Meeting the Commercial Property Retrofit Challenge, the series will outline the challenges and potential strategies and solutions for addressing these risks, with part one focusing on exploring the key factors that commercial real estate owners and investors should consider when looking to develop a successful decarbonization strategy for their portfolios.

The report contains new Knight Frank research demonstrating the scale of t