Research by property consultancy JLL suggests that firms may be unable to meet sustainability pledges because of a shortage of green office space outside of London. While firms have set targets to occupy 4.4m sq ft in Birmingham, Bristol, Cardiff, Edinburgh, Glasgow, Leeds, Manchester and in the Thames Valley, just 16% of office stock in those locations are rated good to outstanding when judged by the Building Research Establishment Environmental Assessment Method, a measure of sustainability.
The JLL report notes: “The direction of travel across the industry suggests that demand for sustainable offices will only increase over the coming years as companies adopt carbon reduction strategies and legislation drives change.” JLL analysis published last year suggests that at least 8m sq ft of new green office space is required in London by 2030 to meet sustainability pledges of companies based in the capital.
Read More: The Times
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