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Half of UK office landlords believe the office market is falling behind

New research jointly commissioned by infinite space and The Instant Group has revealed that the office market is falling behind on environmental policies. Key findings include:

Almost half (47%) of landlords believe the office market is lagging behind other areas of the property sector in implementing/adopting environmental policies
The same number say they can’t ‘go it alone’, with 47% of landlords agreeing they need help in shaping environmental policies.
Meanwhile, 84% of landlords report a vacancy rate of 30% and above as average among their office building portfolio.

These insights, which come from a survey of 250 commercial landlords with offices in the UK, are the first to come from a new research partnership between infinite space, the creator of white-label, tech-enabled, flexible workspaces, and The Instant Group, the largest global marketplace for flexible workspace solutions.

The research, conducted independently by Censuswide, revealed a significant knowledge gap in the capabilities of office landlords to shape environmental policies, with almost half agreeing that they need help. It also uncovered a pervasive belief that the workspace market is moving too slowly in implementing and adopting environmental policies, with 47% of landlords believing the office market lags behind other areas of the property sector compared to 20% who do not.

The research also revealed the poor occupancy across UK offices, which is a major factor in the overall energy efficiency of a commercial building, as 84% of landlords reported occupancy as less than 70%, and 53% said their offices were half-empty or less.

With all 250 landlords asked to identify the current adoption of sustainability policies in place across their office portfolio, the research uncovered a correlation between occupancy and level of sustainable practice. Of those with the most robust set of suitability policies, 56% had offices with an occupancy greater than 70%.

Wybo Wijnbergen, CEO of infinite space, said: “I’m delighted to be partnering with The Instant Group on this important research project exploring adopting sustainable policies across the UK office market and the challenges landlords face in implementing them.

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