The pandemic is driving the adoption of green and sustainable practices in offices
Real estate consultancy Colliers Philippines said adopting green and sustainable features plays a crucial role in the sustainability of office towers beyond the pandemic.
In its latest market report, Colliers said the Covid-19 situation “has accelerated the adoption of sustainable office space.”
“As part of occupant retention as well as attraction strategies, Colliers believes that existing homeowners and developers should focus not only on wellness attributes but also on green retrofit activities,” said Joey Bondoc, Associate Director of Research at Colliers International Philippines.
Colliers said occupants mandated to follow green initiatives should constantly be on the lookout for upcoming wellness-certified office towers likely to be completed in the Philippines over the next 12 to 36 months.
In Cebu, the main building to be completed from 2021 is the Cebu Exchange Tower in Arthaland, the largest office tower to be built in the Visayas-Mindanao region with a gross leasable area of 108,500 square meters.
Colliers said Cebu Exchange will offer large floor plates (around 5,000 square meters), flexible unit cutouts, and a smart building management system.
It is registered with the US Green Building Council, LEED, the Philippine Green Building Council and the Building for Ecologically Responsible Design Excellence.
Colliers recommended that developers upgrade their buildings creating a seamless and efficient overall experience for today’s workforce.
“This can be done by incorporating technological and design improvements into office spaces, as we see the growing importance of LEED and WELL certified options in attracting major tenants,” Bondoc said, citing the market update. Necklace.
Additionally, Colliers foresees a market that should be modernized due to changing tenant profiles that respond to the most demanding Knowledge Process Outsourcing (KPO), multinational corporations and traditional occupants.
In light of this, he noted that the market is moving from basic structures to more spacious, LEED-certified buildings, with more energy efficient systems, thus improving the overall employee and visitor experience.
Even after the pandemic, Colliers believes homeowners are likely to remain competitive by improving office equipment.
“Over the past two years, Colliers has seen a more aggressive development of LEED certified buildings. This is expected to become more prevalent over the next three years as we see the expansion of discerning KPO tenants, ”said Bondoc. (JOB)