Slovakia is at the head of the European ranking in the sustainability of buildings, Bratislava has the most
Slovakia is at the head of the European ranking in the sustainability of buildings, their ratio in Bratislava climbed up to 45 percent. This follows from the current analysis of the real estate consulting company CBRE.
According to which, office buildings that meet the so-called ESG standards have higher average rental prices than non-certified buildings.
The trend also supports the challenge
It is not only about new, but also existing buildings. According to experts from CBRE, this trend also supports the challenge of the European Green Deal program, which aims to achieve carbon neutrality by 2050.
From the results of the analysis in 18 markets, including Slovakia, it follows that the share of certified office real estate reached the level of 20 percent, while in 2019 it was only 14 percent.
“The share of certified buildings in local markets ranges from 5 percent (e.g. Aarthus, Malmö and Rome) to more than 40 percent. Bratislava, Amsterdam, Bucharest, Budapest, Prague and Warsaw are also at the top of the ranking,” Silvia Bassadin, director of the ESG and Sustainability Department of CBRE Slovakia, added that in Bratislava this ratio is as high as 45 percent.
Sustainability certificate
According to CBRE, the trend of sustainability has been in Bratislava for the last four years. “The share of net leased area in this period was approximately 65 percent and increased compared to last year,” A large company with a team that in the first half of 2022 accounted for more than 60 percent of the net leased area. Many European markets still do not reach the necessary level to obtain sustainability certificates.
CBRE justifies this fact with two key factors. In addition to the time frame, it is the individual dynamics of the given market, but also the legislative framework and government regulation.
“Certified office buildings and premises have a higher occupancy rate than non-certified ones. New legislation, rising operating costs and ever-higher demands are evidence that the principle of sustainability needs to be given high attention in the commercial real estate sector as well.” adds Silvia Bassadin, stating that ESG principles will be an important factor in companies’ decision-making, as it will become a significant indicator of the building’s quality at the amount of the rent, of the operating premises.