Adoption of green leases set to double by 2025, JLL study finds 

DEMAND for commercial buildings that can meet the sustainability criteria in Asia-Pacific may outpace supply in three years, when 85 per cent of tenants can be expected to sign a green lease, according to a recently published study by JLL.

The real estate consultancy surveyed 340 corporate sustainability professionals in the region, and found that 42 per cent of corporates had signed a lease incorporating green clauses as at June.

This figure was just 2 percentage points higher than when JLL conducted a similar survey last May, but it highlighted that a doubling is on the horizon since another 43 per cent indicated that they intend to sign such leases by 2025, either as part of the renewal process or as a new lease.