CRE tenants consider ESG in varying degrees when making new office decisions. The biggest tenants consider it more than the local small business for 2 main reasons; resources and the cost. The good thing is that it is not out of reach as the below shows. We...
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High office vacancy rates around the world have everyone talking about what to do with older and more obsolete office buildings. Recently Carter Jonas (agency) reported that “close to 20% of UK offices are likely to be unlettable to the majority of occupiers with investment because...
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Following last week’s CREview, we had great feedback from a highly respected colleague in the market. They disagreed with our predictions of negative net absorption and now we realise why. Our views are compiled on a whole of market basis. Theirs was focused on the...
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The real elephant in the big room is the environment and climate change. Many in the industry are making best efforts to address this issue and others are not. Reportedly, the built environment accounts for around 40% of global CO2 emissions. Reportedly office buildings are one of...
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ESG is important and most major landlords and corporates (tenants) are “doing their bit”. For the smaller corporates it is harder – resources time and a little capital – and the following point in Turntide’s article was startling but not surprising....
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