Inflation is holding up, we have the prospect of further interest rises and there is consequent hesitancy in commercial real estate markets. Will headwinds impact on decarbonisation priorities in the sector?
Here is some previous commentary from Karl Tomusk at Placetech. Two months on, from the author's experience, there is no notable shift in priorities, both on an owner and occupier level. Indeed, as reported here, ESG credentials are not just a "nice-to-have", but driving investment strategy. And with regulatory change on the horizon, in certain respects, it cannot go on the back burner...
However, high inflation and interest rates were identified as the biggest concern over the next two years and more than two-fifths believed real estate would not “meet the demands of the green transition on time”.
https://placetech.net/esg/is-a-backlash-brewing-against-esg/