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London can’t let ‘retrofit first’ become ‘retrofit only’

COMMENT One of the primary challenges facing London this year is how to decarbonise and futureproof its office buildings. This is a crucial part of enabling the capital to achieve its 2030 net zero emissions goal and continue to attract world-leading businesses that will drive innovation and growth.

This a massive challenge. It is particularly acute in the core commercial districts of the City and West End, where almost three-quarters of existing office buildings will need to be upgraded by 2030 to meet sustainability standards.

The continuing polarisation of the office market suggests there is no time to waste. Knight Frank reported in December that office take-up in London was up year-on-year in 2022 and getting close to pre-pandemic levels – but 60% of this was for new or comprehensively refurbished space, which is wellbeing-focused and sustainable.

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