looking beyond covid-19: green leasing: action, adaption and adoption for commercial offices in china
jun 17, 2020
shanghai, june 17, 2020——according to cushman & wakefield’s recent report , looking beyond covid-19: green leasing: action, adaption and adoption for commercial offices in china, as the covid-19 outbreak first began to gain a footing in china, many office landlords and office tenants in the country quickly took steps to ensure office building and office workplace health and safety levels were strengthened, in an effort to combat the spread of the virus.
ahead, driven by even greater awareness of the importance of office building and office workplace health and safety by office landlords, office tenants and office employees alike, we expect office building health and safety measures and office workplace wellness and wellbeing programmes in china to be prioritised, to grow in number and to reach new heights in terms of standards. green leasing can assist in this as, among other features, it has actionable points on the important topic of health and safety in both the office building and the office workplace.
a sizable percentage of commercial office space in china is leased and, without a doubt, opportunities exist for office leasing to become greener, especially considering the mounting attention currently afforded to health and wellness in high-performance office buildings in the country. for the benefits of high-performance office buildings to be exploited, office leases must be modelled around green concepts (including elements focused on health and safety) to ensure that the relationships between office landlords and office tenants are aligned with the newest developments in real estate.
a green lease is essentially a standard lease with new or adapted clauses integrated to better align the financial incentives and sustainability and health and safety objectives between the office landlord and the office tenant.
a green lease can make it achievable for investments in operational efficiency and operational effectiveness to be reciprocally advantageous to the office landlord and to the office tenant, and can inspire or make it obligatory for both parties to collaborate and cooperate to ensure that an office building is occupied, operated and managed in a sustainable, healthy and safe way.
shaun brodie, head of occupier research, greater china, cushman & wakefield, said:”there is no one-size-fits-all green lease, and the green clauses to be integrated into a lease should be adjusted to align with the aims of the office landlord and the office tenant, while recognising the distinct circumstances of the office building.”
alton wong, head of advisory services, valuation and advisory services, greater china; co-head of smart and green services, greater china, said:” actionable, adaptable and adoptable green leasing in china not only serves to address environmental concerns in the interests of conserving china’s varied and distinctive landscapes and biodiversity, but moreover offers office landlords and office tenants in china palpable gains and savings that exist in many forms, including: reductions in energy-associated costs; heightened public image, and enhanced health, safety and wellness standards.”
please click to download the report.
- end -
about cushman & wakefield
cushman & wakefield (nyse: cwk) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. cushman & wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries. across greater china, there are 22 offices servicing the local market. the company won four of the top awards in the euromoney survey 2017 and 2018 in the categories of overall, agency letting/sales, valuation and research in china. in 2019, the firm had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. to learn more, visit www.cushmanwakefield.com or follow @cushwake on twitter.
for further information, please contact:
mandy qian
director, marketing & communications, greater china
tel: 86 10 8519 8040
mandy.qian@cushwake.com
