Office Demand Undergoing Fundamental Changes bbj.hu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bbj.hu Daily Mail and Mail on Sunday newspapers.
ESG-compliant features and sustainability accreditation are increasingly the norm in real estate as an essential requirement from tenants and investors and as a regulatory expectation from the EU and national governments.
The recently completed 12,500 sqm Academia office redevelopment and renovation project by ConvergenCE and Europa Capital in Pest’ District V is expected to achieve its final Well “Platinum” and “Gold” accreditation this spring. Successful developers now need to meet staff demands along with the additional costs, says real estate editor Gary J. Morrell.
The office environment, its amenities and location are an intrinsic part of any project concept, design, and leasing strategy. This is in reaction to changing and ever more complex tenant and, in turn, staff demands. Sustainability accreditation from third-party organizations such as Breeam, Leed and Well have a range of requirements that are increasingly the norm for high-end developments and a basic expectation for tenants and staff.