Why do some office spaces get leased immediately while others stay on the market for months? Properties with certain features may be more attractive to tenants.
As a landlord, you should understand what commercial tenants look for when choosing an office space and strive to match their expectations. Here are a few steps you can take to make your office space more attractive to potential tenants:
You’ll need to determine which types of businesses you hope to attract. Then you can build and design your office space with your target audience in mind.
If you intend to attract creative startups, you will want to focus on features such as a modern kitchen, large windows and an open workspace. If you’re targeting financial institutions, law firms and other professional services, make sure you build large, individual offices in a more traditional layout.
With your space built out, you can market to specific types of tenants, and you’ll see your space leased in no time.
The reception area of your office building is the first area your prospective tenants and their clients will see, so you want to make a good first impression. Utilize modern furniture and planters, but avoid making the space too cluttered. Lots of lighting and even soft music can provide guests with a positive ambience.
While bold colors may seem attractive, you’ll want to avoid green, orange and yellow paint colors. Natural, cool colors such as blues, grays and whites create a positive work environment that fosters creativity. Ensure that the blues and grays are lighter to prevent darkening the suite.
Many tenants are attracted to office spaces with lots of natural light, so consider implementing large windows or skylights. Frosted glass can be a great option for optimal lighting while also providing privacy.
An upgraded kitchen can set your office space apart from other properties. This area can facilitate team building and relaxation from daily responsibilities. Appliances such as a fridge, microwave, toaster, coffee maker, ice machine and soda fountain are must-haves for your building.
Prospective tenants won’t end a property tour without checking out the restrooms. If your restrooms are in bad shape, they may be turned off from the entire office space. Make sure your restrooms are clean, user-friendly and up-to-date.
If your office 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 requested tenant improvements.
Need to make upgrades to your space? Contact our project management team to discuss your proposed project.