Sustainability is now considered an essential aspect of efficient property management and as a result, Commercial Real Estate Companies are investing a great deal more effort into ensuring their properties meet the required standards. They now recognise the impact this has on environmental impact as well as tenant attraction and retention.
Sustainable buildings are becoming more attractive to both investors and occupants due to their health and wellness benefits, as well as the reputational aspects connected with demonstrating a commitment to contributing to this change difference.
A sustainable building is also a future-proofed building and for investors this is a crucial consideration. There is a rapidly increasing importance of sustainability in commercial property management and will continue to evolve.
The Property Experience
An important aspect of sustainability in property management rests around the growing trend for businesses to buy into an experience when renting or purchasing commercial property.
The workforce is a key driver in this respect, with modern building design trends focusing on the integration of amenities and features with the employee at the core. Features such as contactless access, lighting quality, ventilation, temperature control and desk booking are all seen as necessary.
Energy Consumption
Building occupiers are increasingly incorporating energy consumption into their due diligence checks when considering premise options. Commercial property management experts are now actively assisting their clients by taking this data and using it to monitor sustainability policies making it easier to meet energy efficiency targets.
Occupiers want to be fully informed on the energy efficiency of a building before they make an investment in renting or purchasing. It allows them to more accurately calculate the ongoing costs involved in occupying the space and makes it easier with comparison against other properties.
Data
The building operational data relating to operational, financial and environmental factors has significantly impacted building management. This increase in building intelligence has had a major impact on how buildings operate. Technology and the implementation of AI has advanced at speed, making it challenging to keep up to date with the latest methods of data capture and analysis. The property management industry will need to focus on methods of transforming these huge strings of data intelligence so that it can be used to affect the decision-making process.
Mellersh and Harding – London's Leading Real Estate Agents
When investing in commercial property, there has always been much to consider. One of the most crucial concerns is building sustainability. It is a rapidly evolving aspect of property investment and calls for expert guidance.
Should you be considering investing in property in London, the specialist commercial property management team at Mellersh & Harding is readily available to provide the tailored advice you need. You are welcome to contact us on 020 7522 8500 to discuss your individual requirements.
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