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Demand for office space with green credentials drives City’s refurb boom

Only 54% of developers say their projects will reach net zero after 2030, compared to 70% who said they were striving for 2030 or earlier in the same period last year

By

Kristen McGachey

There was a 6% rise in the volume of new schemes compared to the previous survey at 31, covering a total volume of 2.5 million square feet
There was a 6% rise in the volume of new schemes compared to the previous survey at 31, covering a total volume of 2.5 million square feet Photo: Bloomberg via Getty Images

Demand for buildings with better green credentials is one of the driving forces of a refurbishment boom in the City.

New construction activity in the Square Mile over the six months to September indicated a “flight to quality”, with demand for Grade A accommodation on the rise, according to a survey from consulting and audit firm Deloitte.

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