Why do some properties get leased immediately while others stay on the market for months? Properties with certain features are more attractive to tenants. As the landlord you’ll want to understand what commercial tenants look for when choosing an office space and strive to match their expectations.
Here are a few key things you can do to make your office space more attractive to potential tenants:
Who are you targeting? Are you hoping to catch the attention of traditional law firms or the next big tech company? Build and design your space with your audience in mind. If you’re targeting creative startups with huge potential for growth and expansion, then focus on a modern kitchen, large windows and an open workspace with enough space for benching systems.
If you intend to attract financial institutions, law firms, and other professional service firms, make sure you build large individual offices in a more traditional layout. One of the worst mistakes you can make is trying to appeal to everyone. Focus on a certain type of tenant and you’ll see your space leased in no time.
The use of glass appeals to many types tenants, as well as their customer base. Consider implementing glass walls or skylights. Frosted glass can provide tenants will some privacy. Herculite doors look great but may be tough on your budget; consider instead a metal or wood-framed storefront door designed with a glass cutout.
You should cover much of the reception area with luxury vinyl tile. This feature creates a good first impression for prospective tenants and their clients. A natural wood tone is always a good choice, as it is less likely to clash with your other design elements. Don’t miss the chance to make your office space more attractive with tile.
While bold colors may seem attractive, you’ll want to avoid greens, oranges and yellows, especially when choosing wall paint colors. Prospective tenants will prefer natural, cool colors such as blues, grays and whites. Ensure that the blues and grays are lighter to prevent darkening the suite.
Many tenants desire double doors as they make navigating an office building easier and make a space feel more open. Consider adding a second door if the office space doesn’t have it already.
An upgraded kitchen may not be a top priority for tenants, but it can set your space apart. For many companies, the kitchen is a spot for team building and taking a break from their daily responsibilities. For this reason, a top-notch kitchen can make a big difference for prospective tenants.
Some built-ins are very expensive and they can become useless once tenants decide to remove them to make room for other things. Some companies prefer their built-ins to match their furniture or have a precise sizing for filing reasons. There are several other aesthetic things you can spend your money on that many prospective tenants will appreciate.
Prospective tenants won’t end a property tour without checking the bathroom. If your bathroom is in very bad shape, the entire office space could be an instant turn off. Make sure your bathroom is clean, up to date and user-friendly.
If your space is attractive, you’ll have tenants lining up to see it. Tenants may still request changes to the space, but by implementing these features, you’ll limit the tenant improvements.
If you have additional questions about leasing your space, reach out to one of our landlord representation advisors.