Commercial landlords, embracing eco-friendly principles benefits the environment and makes your
properties more desirable in a competitive market!
Discover the financial and reputational benefits of going green, and how services like Fluid’s rental
furniture can enhance your property’s appeal while promoting sustainability.
Why Is Sustainability Important?
Going green is far from a new concept, yet many rental properties lag behind.
Environmental and sustainability issues have become firm central topics in political and social discussions, and commercial landlords are not exempt from this scrutiny.
The concept of ESG (Environmental, Social, and Governance) extends beyond environmental concerns to evaluate the broader impact of an organisation's actions on society and its governance practices.
Incorporating ESG principles into property management, from acquisition and renovation to styling and maintenance, can lead to increased property values, better tenant satisfaction, and a stronger reputation.
Commercial landlords who show that they care about sustainability not only contribute positively to the environment and society but also position themselves for long-term success in the competitive office or workspace rental market.
What Are the Benefits of Improving Your Rental Property’s Sustainability?
Going green with your property portfolio can equal more money in your pocket each month. In 2021 Landlord Today released a study that revealed a compelling trend among tenants: a significant number are willing to pay higher rents for sustainable spaces.
According to the study, 53% of tenants said they would be happy to pay a premium for greener
properties. Delving deeper, over half would gladly accept a 10% increase in rent, while approximately one-third would be comfortable with a 5% hike.
This data shows a clear opportunity for landlords to boost their rental income by prioritising sustainability in their property portfolios.
In recent years, tenants' 'green' expectations have risen significantly, particularly among younger demographics. According to the Office for National Statistics, the majority of tenants in the Private Rented Sector (PRS) in the UK are aged 25-34, a group that is highly environmentally conscious. Commercial landlords must recognise the preferences of this young generation of professionals to remain competitive in the rental market.
For these tenants, style and aesthetics in their workspaces is also crucial, with a strong emphasis on how the environment can enhance well-being, productivity, and overall success. Providing stylish and sustainable office spaces not only meets these expectations but also attracts and retains quality tenants, leading to a more successful and competitive rental portfolio.
How Can Furniture Rental Contribute to a Green Property Portfolio?
Fluid's rental furniture option FluidSpace Flex presents a compelling opportunity for commercial landlords to attract style-conscious and environmentally aware tenants. Offering a stylish workspace with sustainable principles can significantly enhance the appeal of your property, making it stand out in a crowded market.
FluidSpace Flex eliminates the capital expense of purchasing furniture, providing a cost-effective solution that also reduces logistical headaches, such as the removal and storage of unwanted items.
Fluid's service includes full fit-outs of CAT A+ spaces with stylish options such as pods, booths, and other essential furniture. This versatile service allows you to ensure your properties are up to date with the latest workspace trends ensuring complete flexibility and removing the high cost and hassle of asset management.
With over 22 million pieces of furniture discarded annually in the UK, most ending up in landfill, switching to Fluid’s rental scheme supports a circular economy by reusing or refurbishing furniture. This not only helps the environment but also appeals to tenants looking for sustainable options.
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