The growing number of major warehouse users adopting net zero carbon emission targets is expected to drive relocations over the coming years.
A push by major industrial occupiers to achieve net-zero carbon emission targets is expected to fuel significant leasing “churn” over the coming years, as companies seek premises that will help them meet their environmental goals.
These 17 companies are part of a total of 53 of the 100 largest industrial occupiers that have stated net-zero targets, according to JLL.the national vacancy rate is below 1 per cent for prime warehouses, and below 0.5 per cent in Sydney Major groups like Goodman, Charter Hall, Dexus, GPT, ESR and Frasers, which are backed by environmentally conscious institutional capital, all have put sustainability“As markets rebalance, the relatively small group of largely institutional industrial property owners that are taking a proactive approach to sustainability are likely to gain from potential green premiums in asset values and rents,” Ms McFarlane said.
“As developers respond to strong occupancy drivers and more supply comes on stream, new assets with built-in, sought-after sustainability features – or repositioned existing assets – are likely to lease faster and with higher rents to tenants with environmental targets,” Ms McFarlane said.
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