The RICS said these generally align with the institute’s advocacy for sustainable investment and reduced administrative burdens.

Later this year, the RICS plans to publish a parliamentary briefing paper on revitalising the UK’s high streets.

The RICS is urging the new government to collaborate with the industry more effectively and efficiently to create positive change for people and businesses.

“The next 10 years will be unprecedented for commercial real estate,” warned the RICS in its official response.

“The new government will need to work closely with industry to tackle [these challenges], as well as other vital areas including the uncertainty around minimum energy efficiency standards (MEES), the lack of ESG-compliant buildings, and reforms surrounding the landlord and tenant act.

“We look forward to working with the new government on these issues and others.”

Specific to commercial real estate, the RICS is calling for “meaningful” reform of the business rates system.

Though all the parties have touched upon business rates as an area of policy, the RICS says details around these promises post-election will be “crucial”.

Sustainable investment incentivisation is a key area the RICS is urging for in business rates reform.

The institute argues the government should understand how the business rates relief, empty property, and wider business rates system can be amended to better allow for sustainable investment.

The institute added: “Make sure that this applies not just to green energy generation reliefs, but to sustainable transition more widely.”