Cushman & Wakefield’s head of West End agency, Andy Tyler, has called for the UK real estate industry to re-evaluate the current delivery of office space in order to enhance sustainability.
Speaking during one of a new series of video updates released by Cushman & Wakefield called ‘Moving Markets’, Tyler believes fitting-out offices to a Category A finish should be examined in more detail, particularly with an increasing focus on sustainability.
The real estate industry in the UK has historically referred to a Category A finish – which there is no standard definition of – as incorporating a combination of elements such as lighting, raised floors, suspended ceilings and air conditioning into an office to attract tenants.
Tyler said: “On one hand we can congratulate ourselves as industry for producing world-class, leading office space that appeals to the occupiers of today and tomorrow – but on the other hand, in the vast majority of cases, we slavishly adhere to producing space to a ‘Cat A’ finish which the occupier then rips out and re-fits to suit...It’s a waste of time, it’s a waste of money and just isn’t sustainable.”
As a solution to the issue, Tyler is of the opinion the UK should look across the Atlantic. He added: “Maybe we need to take a leaf out of the US model and think more about producing space to a ‘shell and core’ or ‘shell and floor’ finish. I do recognise that geography and size are important, so one solution does not fit all but in this day and age and with sustainability becoming increasingly important this really is a topic that is not going to go away and we as an industry need to debate it.”
View Andy Tyler’s video – ‘The Sustainability Question’ – in full or watch the other updates in the Moving Markets series.