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Industry to Fall Short of Sustainable Goals

LONDON-One in five surveyors globally believe that 90% of commercial real estate stock will fall short of meeting good sustainable standards by 2020

By Allan Saunderson | Updated on June 03, 2010

LONDON-One in five surveyors globally believe that 90% of commercial real estate stock will fall short of meeting good sustainable standards by 2020 without a rethink of green incentives, says the Royal Institution of Chartered Surveyors.

In its survey of commercial property agents it says the numbers are even starker at a regional level with nearly half of all surveyors in Latin America believing it will take more than a decade for even a small minority of the commercial real estate stock to meet good sustainable standards such as those championed by LEED and BREEAM.

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