The commercial case for making buildings more sustainable
Creating a more sustainable and resilient future requires today’s buildings to undergo marked transformation in their infrastructure and operations. From industrial complexes designed in decades past to glass-clad skyscrapers in central business districts, many buildings might be fit for purpose today but will not make the grade in the coming years as low-carbon, resilient spaces. Yet in today’s testing economic environment, many real estate executives, both occupiers and investors, tasked with future proofing their real estate portfolios are finding it hard to build the business case for action and secure buy-in from senior leaders.
The global economy is going through a difficult period amid rising interest rates, elevated inflation and a sluggish trade recovery. Investment in real estate is down and fundraising is more challenging. The office sector, in particular, is experiencing dynamic shifts in demand with the impact of hybrid work on lease renewals.
Despite the shorter-term hurdles, developing and implementing clear decarbonization and resilience strategies now is the smart decision for longer-term performance. In many respects, the commercial case for sustainable buildings has never been stronger.
