New data also reveals increasing preference for office spaces in urban core locations
Corporate tenants are increasingly favoring environmentally conscious office spaces, according to new research from global commercial real estate services firm Jones Lang LaSalle (JLL).
Data from JLL’s premium office space tracker, which covered 127 office markets and submarkets in 112 cities, found that 84% of premium office buildings surveyed boast an environmental sustainability certification such as LEED or BREEAM.
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And in high-end markets, that number climbs to 100% – a trend that JLL says underscores the “shift toward environmental consciousness by both landlords who sought the certifications and tenants who chose to occupy green buildings.”
Additionally, the report found that more corporate tenants are seeking premium office spaces in urban core locations, with the rental rate gap between primary and secondary or decentralized submarkets broadening further in gateway cities such as New York.
“While urban cores struggled to remain relevant during the depths of the pandemic, due to lockdowns and a shift to remote work, many amenity-rich central business districts are now rebounding with new energy and purpose,” said Jeremy Kelly, lead director, global cities research at JLL. “The resilience of rents in premium buildings demonstrate the fortitude and importance of urban core locations to companies.”
