Independent Research
PropVeritas Knowledge Base

Research Library

Independent analysis using official government datasets, satellite signals and national property registers. Request any study to receive the full PDF at your work email within one business day.

Market Intelligence

Regulatory exposure and compliance gap analysis. Written for lenders, asset managers, debt advisors and acquisition teams.

New York City
New York CityCarbon Fines

NYC Local Law 97: Fine Exposure Analysis of the City's Building Stock

From 2030, NYC's largest buildings face carbon fines with no ceiling: $268 per tonne over the limit, recurring every year. For a lender that is impaired collateral. For an acquisition team it is an undisclosed liability. For a fund manager it is NOI erosion that income valuations do not capture.

31.5%
non-compliance rate in the Bronx — the highest of any borough. The full study ranks all five boroughs and every property type.
Buildings
27,158
Data
NYC LL84
Published
June 2026
London skyline
United KingdomMEES 2030

MEES 2030: The Compliance Gap in UK Commercial Building Stock

From 2030, any UK commercial building below EPC C cannot be let. No rental income, no debt service, void carrying costs until retrofit is complete. This study quantifies the compliance gap using the official UK non-domestic EPC register and reveals the problem is not where most people expect it.

32.8%
of UK offices are below EPC C, a higher non-compliance rate than retail. The full study breaks down every major property type.
Records
10,000
Data
UK EPC Register
Published
June 2026
Paris
FranceDPE 2030

France DPE 2030: The Commercial Building Compliance Gap

France's 2030 DPE compliance gap is more than twice the size of the UK's. From 2028, buildings below DPE F cannot be let. Pan-European investors with French exposure should not assume French risk is comparable to UK MEES risk. Also available in French.

85.5%
of French restaurants are below DPE C, the highest rate of any commercial category. The full study shows every property type.
Records
10,000
Data
ADEME DPE
Published
June 2026
US city
United StatesPhysical Risk

US Commercial Real Estate: Physical Climate Risk Across 3,232 Counties

Regulatory fines have a deadline and a compliance pathway. Physical climate risk destroys the building. This study ranks all 3,232 US counties by absolute dollar exposure across 18 FEMA hazard categories including tornado, wildfire, hurricane and earthquake.

$1.7T
in Los Angeles County building stock at Very High wildfire and earthquake risk. The full study ranks every US county and state.
Counties
3,232
Data
FEMA NRI 2023
Published
June 2026
Netherlands agricultural land
NetherlandsStikstofcrisis

Netherlands Stikstofcrisis: Nitrogen Constraints on Commercial Real Estate Development

Every major Dutch commercial development zone is within 25km of a Natura 2000 protected area. Since the 2019 Supreme Court ruling, any project that increases nitrogen deposition near protected habitats can be blocked. For developers and lenders, the constraint is national, not exceptional.

100%
of Dutch commercial areas within 25km of a nitrogen-sensitive zone. The full study maps every major city and quantifies the AERIUS risk level.
Zones
209
Data
PDOK Natura 2000
Published
June 2026
Dublin cityscape
IrelandBER 2030

Ireland BER 2030: The Energy Performance Compliance Gap

46.3% of Irish properties fall below BER C, comparable to France and more than twice the UK rate. 23.2% are below BER E. Ireland uses BER (Building Energy Rating), not EPC, but faces the same 2030 EPBD minimum. Analysis of 300,000 certificates and 735,000 property transactions.

46.3%
below BER C: more than twice the UK non-compliance rate of 21.9%. The full study covers all grades and county-level price distribution.
Certificates
300,000
Data
SEAI BER + PPR
Published
June 2026
London United Kingdom
United KingdomBrown Discount

UK Commercial Property: The 2030 Value Reckoning

One in three UK commercial buildings will fail MEES 2030. Industrial is the most exposed category at 65%. This study quantifies the retrofit cost range and brown discount already embedded in the non-compliant stock — for lenders, asset managers and acquisition teams.

£2.2bn
upper-bound brown discount embedded in non-compliant UK commercial stock. The full study shows the breakdown by grade, property type and city.
Records
104,817
Data
MHCLG EPC Register
Published
June 2026
London Tower Bridge
United KingdomFriction Index

UK Redevelopment Friction Index 2026

Which UK cities carry the highest concentration of ground-level constraints? Six signals across nine commercial zones: historic landfill, flood zones, coal mining legacy, made ground, PFAS proximity and SSSI. London leads on flood risk, Leeds on coal measures legacy.

84%
of Leeds City Core grid points sit on Coal Measures bedrock — the highest geological friction signal of any UK city zone.
Cities
6 cities, 9 zones
Signals
6 (EA, BGS, SSSI)
Published
June 2026
Amsterdam canal
NetherlandsFriction Index

Netherlands Redevelopment Friction Index 2026

Every Dutch commercial core sits within 1km of a Natura 2000 protected area, making nitrogen assessment effectively universal. Rotterdam leads on PFAS proximity from the Chemours complex. The Hague and Amsterdam Zuidas show peat subsoil.

100%
of Dutch commercial zones are within 1km of Natura 2000 — nitrogen deposition assessment is de facto universal for Dutch development.
Cities
6 cities, 8 zones
Signals
5 (PDOK, BRO, PFAS)
Published
June 2026
Nairobi East Africa
East AfricaGround Risk

East Africa Commercial Property: Ground Risk Assessment 2026

The first systematic assessment of undisclosed ground risk in East African commercial property. Radon, PFAS contamination proximity, aquifer failure risk and soil conditions screened across 12 commercial zones in Nairobi, Kampala, Dar es Salaam, Addis Ababa and Accra. None of these risks are currently disclosed, tested or priced into transactions.

60%
of East African commercial zones carry Medium or higher composite ground risk — none disclosed in standard Phase 1 ESA. The full study covers all five cities and 12 zones.
Zones
12 zones, 5 cities
Signals
4 (PFAS, Radon, Aquifer, Soil)
Published
June 2026
European city
UK, Netherlands, FranceIn Preparation

EPBD 2030: Commercial Building Compliance Across Three European Markets

A comparative analysis of EPC compliance gaps in the UK, Netherlands and France using official national energy performance registers. For pan-European investors who need to understand where EPBD 2030 exposure concentrates and which market carries the largest gap.

Data
EPC + EP-Online + DPE
Markets
UK, NL, France
Publication
Q3 2026
Technical Research

Ground-level analysis of development constraints across European and US cities. Methodology papers and signal validation studies for developers, lenders and acquisition teams.

London Tower Bridge
United KingdomFriction Index

UK Redevelopment Friction Index 2026

Which UK cities carry the highest concentration of ground-level constraints? Six signals across nine commercial zones: historic landfill, flood zones, coal mining legacy, made ground, PFAS proximity and SSSI. London leads on flood risk, Leeds on coal measures legacy.

84%
of Leeds City Core grid points sit on Coal Measures bedrock — the highest geological friction signal of any UK city zone.
Cities
6 cities, 9 zones
Signals
6 (EA, BGS, SSSI)
Published
June 2026
Amsterdam canal
NetherlandsFriction Index

Netherlands Redevelopment Friction Index 2026

Every Dutch commercial core sits within 1km of a Natura 2000 protected area, making nitrogen assessment effectively universal. Rotterdam leads on PFAS proximity from the Chemours complex. The Hague and Amsterdam Zuidas show peat subsoil.

100%
of Dutch commercial zones are within 1km of Natura 2000 — nitrogen deposition assessment is de facto universal for Dutch development.
Cities
6 cities, 8 zones
Signals
5 (PDOK, BRO, PFAS)
Published
June 2026
Industrial site
Satellite ValidationIn Progress

Contamination Signal Recall: BASOL France and EPA Superfund

Ground truth validation against 600 industrial sites. Fuel retail 50% recall, paper mills 65%, foundries 0%. Set 1 complete, Set 2 in preparation.

Dutch polder
Satellite ValidationPlanned

Flood Risk Signal Validation: Dutch Polder Environments

Validates PropVeritas HAND and SAR moisture signals against AHN elevation and Rijkswaterstaat flood zone classifications.

Netherlands landscape
Satellite ValidationPlanned

DInSAR Ground Deformation: Dutch Peat Compression Zones

Validates PropVeritas HyP3 DInSAR ground motion (mm/yr) against Deltares peat compression records for the Netherlands.