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How carbon commitments are transforming leasing markets

Here are the pathways for corporate occupiers to prioritize real estate investments, achieve sustainability goals and minimize risk

March 12, 2024

For thousands of companies like yours with science-based carbon commitments, meeting ambitious 2050 goals starts with hitting your 2030 interim milestones. It requires major action to decarbonize all facilities, operations, transportation and supply chains to even make incremental progress against these near-term targets.

The “greening” of real estate is already well underway and will have a huge impact on real estate markets in the future. Corporations have touted their net zero goals to customers, suppliers, their boards, and other stakeholders. To achieve them – and minimize the risks the coming markets pose – it’s time to fundamentally rethink your real estate strategy.

These risks multiply the longer companies employ a wait-and-see approach. More expensive leases, higher capital costs, and missed opportunities to partner with building owners to achieve net zero goals are a few of the potential risks of delayed actions.

Download our white paper to learn:
  • Why companies need to take significant action to decarbonize their entire operations, including their real estate portfolio, to meet their net zero targets.

  • Why the lack of adequate retrofit investment and rising demand for sustainable real estate are creating shortfalls of sustainable assets in major markets.

  • Why companies that delay taking actions required to keep pace with these changes to the real estate market risk face higher leasing costs, higher capital costs and missed opportunities to partner with building owners to tackle shared carbon emissions goals.

  • How to build a roadmap that links your real estate and sustainability goals – and provides a viable pathway within your budget.

  • The importance of a decarbonization strategy that incorporates:

    1. Investments into long-term capital plans

    2. Location strategy

    3. Retrofits based on lease rates

    4. Plan to engage with landlords about investments for electrification and renewable energy

    5. Strategic power purchase agreements, or PPPs

Setting commitments is important, but taking action is essential. The market is moving quickly, and companies that don’t act now risk being left behind. Read our white paper to learn more.

 

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