{"id":1004237060,"date":"2018-06-22T05:19:09","date_gmt":"2018-06-22T13:19:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004237060"},"modified":"2022-12-09T02:37:46","modified_gmt":"2022-12-09T10:37:46","slug":"amenities-that-attract-office-tenants","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/amenities-that-attract-office-tenants\/","title":{"rendered":"Amenities That Attract Office Tenants"},"content":{"rendered":"

By Suzann D. Silverman<\/p>\n

\"NAREE18<\/a>

Office Amenities Panel: left to right, Natalie Snyder Bode, Robert Perry and Michael Anderson<\/p><\/div>\n

Today\u2019s office amenities are all about retaining workers and keeping them in the office longer\u2014and for office property owners, that requires application to the entire building. That\u2019s the word from the Workplace Evolution panel at the National Association of Real Estate Editors annual real estate journalism conference last week in Las Vegas.<\/p>\n

\u201cThe tenant experience is of utmost importance,\u201d declared Michael Anderson, executive vice president of Colvill Office Properties, who noted that while desired amenities aren\u2019t new, they\u2019re being thought through much more methodically now.<\/p>\n

\u201cRecruitment and retention is the No. 1 goal for real estate,\u201d echoed Cushman & Wakefield Director Natalie Snyder Bode. That\u2019s because what entices tenants\u2019 employees to stay longer in turn encourages the tenants to remain, noted Robert Perry, U.S. Head of Strategic Partners for CBRE Global Investors.<\/p>\n

ROBERT PERRY TALKS INVESTMENT STRATEGY<\/a><\/p>\n

And the most-preferred amenities are basic: Places for employees to eat and places to park their cars. The building should include a variety of lunch options, at different price points, Bode advised\u2014a deli on site and walkable proximity to restaurants, as well as ample parking, whether in a garage or a surface lot.<\/p>\n

The Real Thing<\/strong><\/h2>\n
\"NAREE18<\/a>

Office Amenities Panel: left to right, Natalie Snyder Bode, Robert Perry and Michael Anderson<\/p><\/div>\n

Authenticity is also important, according to Perry, noting that an identity with the local market resonates with tenants. Providing that is part of offering a level of service \u201cthat\u2019s almost hospitality-like,\u201d he observed.<\/p>\n

That\u2019s almost literal: The building\u2019s lobby, like a hotel, is opening up, inviting more activity, according to Anderson. That might mean providing an inviting collaboration spot for a tenant\u2019s employees to sit down or encouraging interaction between tenants. It also offers an opportunity for interaction between the property management team and tenants, Perry added.<\/p>\n

READ MORE FROM NAREE<\/a> <\/p>\n

One of the biggest impediments to achieving this is the security desk, he noted, but owners are beginning to develop creative ways to make this area more welcoming. Anderson compared the results to a concierge desk.<\/p>\n

Shared Space<\/strong><\/h2>\n

As the concept of shared space as an auxiliary office catches on, owners are also beginning to consider how best to capitalize on this\u2014whether that be partnering with WeWork or another coworking provider, or even developing their own brand, Anderson noted.<\/p>\n

That is giving rise to a whole new consideration, Perry observed: the need to make TI selections for future tenants, right down to countertops, kitchenette fixtures and furnishings, in the creation of what he termed \u201cspec suites.\u201d It also requires cabling for voice and data, and simplified, non-negotiable leases that are easy to complete and devoid of legal fees, Bode said, terming these arrangements ideal for smaller tenants.<\/p>\n

READ MORE FROM NAREE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

How are office amenities changing? Panelists on the Workplace Evolution panel at the National Association of Real Estate Editors annual real estate journalism conference talk about what helps tenants retain workers and keep them in the office longer.<\/p>\n","protected":false},"author":755,"featured_media":1004237342,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,21747,21785],"tags":[40671],"class_list":["post-1004237060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-office","category-property-management","tag-national-association-of-real-estate-editors"],"acf":[],"yoast_head":"\nAmenities That Attract Office Tenants - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/amenities-that-attract-office-tenants\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amenities That Attract Office Tenants\" \/>\n<meta property=\"og:description\" content=\"How are office amenities changing? 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