London Offices Without AC Face New Price Risk Due to Heat Waves
AI Summary
With extreme heat waves becoming more frequent, London's office market is considering slashing prices for properties lacking air-conditioning. Real estate professionals are increasingly concerned about the discomfort and potential productivity losses in offices without cooling. This shift suggests a broader trend where heat resilience is becoming a critical factor in commercial real estate valuation, signaling a potential long-term change in property pricing and building standards.
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