London's commercial real estate is undergoing a substantial transformation, driven by sustainability as a key factor in property valuation. Recent findings indicate that properties with green certifications achieve rental rates up to 12.3% higher and sales prices that are 8-18% more than non-certified equivalents. This trend points to a fundamental revaluation based on environmental credentials, as industry leaders like Nick Millican of Greycoat highlight this evolution, marking the emergence of a two-tier market favoring more sustainable buildings in desirable locations.
Recent studies reveal that green-rated buildings now command a significant premium in both rental rates and sales prices-up to 12.3% higher rents for buildings with the highest green ratings in prime Central London.
The growing premium for sustainable properties reflects a broader bifurcation in London's commercial real estate market. Millican observes that it's becoming a two-tier market.
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