GREEN OFFICE BUILDINGS VACANCY LOSS IN NIGERIA - Q1 2022

The growing #creditloss due to vacancy in Nigeria's Green Office Building Market is a critical #calltoaction (CTA) and a #wakeupcall to all stakeholders in order to achieve #sustainable #IMPACTS & #PROFITS

With a total vacancy loss value of $66.91 million at an average of $1,057.31 per square metre of #greenspace for Q1 2022, the vacancy loss has not only reduced capital gains and market expansion opportunities, but has also limited the possibility of other conventional office buildings pursuing green certifications.

There are currently subtle actions against sustainable green office buildings as non-green certified premium office buildings perform better in terms of occupancy rates, rental income growth, attracting top-rated tenants, tenant retention at renewals, and, as a result, improved market value outlook.

Finding a perfect and timely solution to reduce credit loss due to vacancy will not only increase asset value but also boost morale of investment flow, green financing, green building development and green certifications in the Office Market segment.

The current situation provides an excellent opportunity for investors, developers, IFC - International Finance Corporation, SGS, Government of Nigeria, UK Government Investments (UKGI), Environmental Rating Agencies, Built-up Environment Professionals, Financial Institutions, Leasing Administrators, Facilities Managers, Lawyers, and Brokers to increase their collaborative efforts in assisting #greenbuildings to achieve its #sustainability #agenda.

There is more to green building development and certifications, #askthevaluer +234-806-877-4629, aabraham@akaa-ng.com, www.akaa-ng.com

#sustainablebuilding #propertyinvestment #investments #greenopportunity #nigeria #finance #realestateinvestment #motivation #growth #future #sustainable #sustainalebuildingsinnigeria #askthevaluer #niesv #ivsc #esvarbon #ifc #leedcertification #edgecertification #commercialbuildings #akinABRAHAMandASSOCIATES