The market may be talking about ESG. But increasingly it is pricing asset performance. JLL's research on Retrofitting Buildings to be Future-Fit highlights growing evidence of a "brown discount", where inefficient buildings face reduced liquidity, weaker demand and declining values as investors and occupiers favour high-performing assets. CBRE similarly warns that commercial assets failing [...]
The commercial property sector is at a crossroads. For years, we’ve been operating on assumptions that no longer match reality — assumptions about occupancy, asset value, tenant behaviour, building condition, and investment horizons. But the biggest unspoken truth is this: hybrid work has already reshaped asset value, and most of the industry is still [...]
The commercial property market is currently navigating some interesting challenges. There's the ongoing debate over work-from-home and hybrid working models, which threaten corporations' demand for office space. Construction costs continue to rise, squeezing feasibilities and development opportunities. Cap rates have softened due in part to volatile economic conditions. Additionally, unpredictable global weather patterns highlight [...]
