Lease markets reach ‘green tipping point’ amid growing focus on carbon commitments

The next two years will be a critical time for corporate occupiers looking for real estate space that reflects and supports their carbon commitments. JLL’s Green Tipping Point research finds that one out of every three leases tied to a carbon commitment will expire by then — yet supply of office and industrial space that meets their criteria is lagging across major cities.

In the United States, Canada, Europe and Australia, average lease terms are seven to 10 years; many leases signed today will collide with the first important checkpoint of halving emissions by 2030. The research reveal