How have poor real estate markets affected #ESG? In two ways: (1) by changing language (how we talk about “it”), level of investment and priorities at the *firm-level* (2) depressing one of the main catalysts for *asset-level* #sustianability investments: new tenant leases. This varies only as a matter of degree by geographic region and product segment (office vs, say, multifamily). What can we expect as a result? Well, I have seen sustainability change in response to macro conditions over three market cycles. Each time has made sustainability more focused on #ROI and resulted in better business cases. I suspect we will see the same in this cycle. The numbers/data are foundational to doing all this.
Yes agree here, reminds me of a discussion me and Rasmus Grosen Olsen had just yesterday!
Yes Matt Ellis! Thanks for these thoughts.