Mandatory Disclosure of Commercial Office Building Energy Efficiency
Mandatory Disclosure of Commercial Office Building Energy Efficiency
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| If you are a building owner or property professional that will sell, lease or sub-lease commercial office space greater than 2000 sqm, proposed new Government legislation will affect you. Legislation like this cannot be ignored, particularly during a period of high market volatility with increasing vacancy rates and declining property values. Current trends see a shift in power towards tenants with building owners having to provide even more incentive to retain and attract premium tenants – including green incentives like NABERS. Any market advantage a building owner can create for their property could help protect them from current and future market volatility. If you’re serious about protecting your commercial property investment, you must act now: |
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| Current trends see a shift in power towards tenants with building owners having to provide even more incentive to retain and attract premium tenants – including green incentives like NABERS. The Property Council of Australia recently reported the financial and strategic rewards that can come from implementing NABERS. Properties with above average NABERS star ratings delivered higher increases in annual rental values and lower vacancy rates; in turn driving faster increases in capital values.* |
| * Property Council of Australia 2009, ‘The Missing Link’, Property Australia, 19 Feb. |
