Demand for sustainable buildings and tightening regulations drive business case for investment
The current economic environment is creating challenges for investors and occupiers to make the case for investing in retrofitting and future-proofing their real estate. JLL’s new The Commercial Case for Making Buildings More Sustainable report outlines three key factors that should be prioritised in occupiers’ and owners’ decision making to create a more resilient and sustainable built environment.
In many global markets, rising corporate demand for buildings with sustainability credentials will have an impact on office market dynamics. Across 20 major office markets, including New York City, Paris and Singapore, only 34 percent of future demand for low-carbon workspace will be met in the next several years. In other words, for nearly every 3.1 square metres of demand, roughly only 1.0 square metre is in the current pipeline. An analysis of six major cities in Asia Pacific shows 59 percent of overall demand will not be met with the current pipeline, yet signif