JLL's research reveals a significant mismatch between supply of sustainable office buildings and growing demand from occupiers with sustainability goals.
Insight
NZ's Green Office Crunch: Challenge Meets Opportunity
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Are you ready for the green office revolution? Our latest research uncovers a critical trend in New Zealand's commercial real estate market; a significant gap between sustainable office supply and occupier demand.
Here's what you need to know:
- Sustainability is no longer optional: 58% of office occupiers have green objectives, skyrocketing to 97% for NZX-listed companies
- The supply crunch is real: Only 7.4% of office buildings boast Green Star certifications, covering a mere 9.5% of Net Leasing Area
- Major cities feel the squeeze: Auckland, Wellington, and Christchurch CBDs all face substantial excess demand, with Auckland leading at 164,000 sqm shortfall
What does this mean for you?
Occupiers: You're in a race to secure sustainable spaces. Early movers will gain a significant advantage in this competitive market.
Investors and Landlords: There's a golden opportunity to meet this surging demand. Upgrading existing stock or developing new sustainable buildings could yield premium returns.
But it's not just about green credentials. The most sought-after spaces will blend sustainability with prime locations, cutting-edge amenities, and flexible designs.
As we look towards 2030, the shortage of high-quality sustainable offices is set to intensify. Now is the time to act, whether you're seeking to occupy, invest in, or develop the next generation of sustainable workplaces.
Ready to lead the charge in New Zealand's sustainable office revolution? Download our full report for in-depth insights and strategies to thrive in this evolving market.