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The latest news and events at Maples Teesdale

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Occupiers willing to pay a premium for Grade A+ London office space

An interesting EG article from Derek Williams at Edmond de Rothschild on the focus of A+ grade office space in London in the post-covid era. The themes discussed align with those discussed at a recent Bisnow event on the London office market my colleague Adam Bernstein attended which included commentary that alongside sustainability, health and wellbeing of employees are key priorities for occupiers who are now looking for a much more “destination” based office space to encourage their workforce back to the office. As Derek comments, occupiers are paying a 10 – 12 % premium for the best class of space.

The “new demand” for sustainable grade A+ office space is here to stay, and good companies know it. If anything, it will get a lot worse for companies that will need, with great shame, to disclose their carbon footprint to investors, stakeholders and employees. Or companies can choose to change.

Tags

commercial real estate, helen kearns, offices, office space, sustainability, occupiers