A recent survey of real estate professionals
has highlighted the growing importance of sustainability for tenants choosing office space.
The Emerging Trends in Real Estate 2011 report by PricewaterhouseCoopers (PwC) and the Urban Land Institute has found that environmental concerns are considered "unavoidable" for the sector.
Currently, green buildings make up just two per cent of the market,
but are expected to become more sought after as tenants look to cut operating costs and back up corporate environmental and social responsibility goals.
"Increasingly, the investment decision is not based on environmental issues alone – it's become an economically rational choice for businesses when you consider the returns from energy efficiency driven by the green agenda," said Malcolm Preston, sustainability and climate change partner at PwC.
According to the two firms, the coming year will see sustainable buildings marketed as healthier and as a more eco-friendly investment. This echoes a survey published last year that found businesses worldwide were considering the environmental impacts of their offices.
- Wednesday 09 February 2011