Commercial Building Disclosure (CBD)
From 1 July 2017, the mandatory disclosure threshold on commercial office space has been lowered from 2000 square meters to 1000 square meters. All Commercial Landlords, Property Managers and Real Estate Agents need to be aware of the new requirements and comply with the new threshold.
If you plan to lease or sell an office space of 1000 square meters or more, a Building Energy Efficiency Certificate (BEEC) will be required prior to any marketing activity taking place.
If you’re not sure about what the Commercial Building Disclosure program is, here is a short clip from the Department of the Environment and Energy that explains the Program.
In Real Estate? Want to know more?
Did you know there is a Sustainability in Commercial Real Estate Course available online?
Recently updated to include the latest CBD changes, this online training course provides you with the knowledge you will need in a cost effective, flexible and practical manner. Property professionals who take the course and gain this knowledge will be able to justify better market pricing for ‘greener’ spaces, offer more value for their clients, demonstrate that they understand the market changes and will be able to promote green buildings to their best advantage. All of which is important to gaining new business, confidence of vendors and landlords, and closing deals.
This course has been specifically designed for the commercial real estate sector and would be of benefit to anyone working or studying in the commercial property arena.
Practicing Real Estate Agents who successfully complete the course can become a Green Property Professional and display their personalised logo on marketing and stationary.