Beyond location: value drivers of office space
Does the real estate market provide a financial premium for technologies that enhance sustainability and workplace productivity?
This report assesses the contribution of building features and workplace technologies in explaining the rent levels of office buildings in London. The findings suggest that, in addition to location, specific amenities matter when predicting rent levels. However, other features that are supposed to drive employee engagement or workplace productivity do not correlate with rent levels. From these findings, the authors draw the conclusion that the current real estate market in London values flexibility, and to some extent, sustainability.