Europe Offices and logistics most shielded from energy shocks
Property and Facility Managementschedule 02 May 2023
Katarzyna Chwalbińska-Kusek, Head of ESG and Sustainability, Savills
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According to Savills latest research, European offices and logistics are the two commercial real estate sectors most shielded from energy shocks as utility costs account for a relatively small share of total business spending.
The international real estate advisor estimates that the share of energy costs reflects 2 to 4 pct. of the total expenses for occupiers in the two sectors. Staffing is responsible for more than 50 pct. of the total costs for office occupiers and the combined outlays for transport and labour accounts for more than 75 pct. of the total costs for warehouse occupiers. Retailers generally consume larger amounts of energy and are not always able to pass the costs on to customers while data centres and
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