Knight Frank – Meeting the Commercial Property Retrofit Challenge

The main theme of the document is related to the challenges and opportunities associated with retrofitting commercial properties to enhance their sustainability and compliance with environmental standards.

Key findings include significant attention to value-adding strategies with first-mover advantages, a decrease in approved planning applications for office refurbishments creating opportunities amid supply shortages, potential increases in investment value from retrofitting or refurbishing offices in London, opportunities for repurposing office spaces in London into residential units, and the time required for comprehensive refurbishment ranging from two to three years.