London office landlords face unlettable space due to new green energy laws

New research shows that around 8% of London offices may not be able to be let out from April due to the new Minimum Energy Efficiency Standards

Nearly a quarter of inner London office space may become unlettable due to new energy efficiency laws.

New Minimum Energy Efficiency Standards (MEES) will require all privately rented properties to have an Energy Performance Certificate (EPC) of at least an E.

Even in the middle of a lease term, it will be illegal to continue letting a commercial space with a rating below an E.

According to BNP Paribas Real Estate data, 8% of buildings in inner London are already failing to meet the new energy efficiency standards, which could render them unlettable from April.

A further 43% could, under proposed MEES regulation changes, be unlawful to let from April 2027, the report suggests.

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