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At your service: Serviced offices could be the key to boosting a portfolio’s ESG credentials
In the wake of the pandemic, you would be hard pressed to find a company that had not re-evaluated its office occupancy and hybrid-working policy.
With most businesses reassessing their office space needs, there has been a paradigm shift in what occupiers demand of their offices. Research from law firm Boodle Hatfield, released at the end of 2022, showed that 1.8 million square metres (19.4 million square feet) of UK office floorspace was taken out of use in the previous year - the equivalent of 248 football pitches. Yet, despite this apparent exodus, grade-A office space is in higher demand than ever. The office market is undergoing a "flight to quality", with occupiers seeking first-rate buildings with energy efficiency at their core. It is unsurprising, then, that commercial landlords are investing in high quality office space offering more efficient use of floorspace and resources, with a renewed and urgent focus on optimising "green" credentials.
Given this ba