In recent years an urban planning concept called the 15-minute city has emerged, in which most daily conveniences (for example work, shopping, education, healthcare and leisure) can be reached by a 15 minute walk in the cities, to promote a more sustainable way of life. The same idea can be translated into the workplace - by pulling as much of those conveniences into the building itself, you are creating your own little city and making it a more attractive place for the tenants to be.
Since the Covid-19 pandemic, people have realised they can work nearly anywhere, so they will be considering other factors when they choose to commute to the office. Thus, tenant amenities are growing increasingly more important in today's market, and by looking for opportunities to strategically upgrade office building in ways that will drive employee return, you will set yourself apart from the competition and attract high-quality tenants that are willing to pay for an exceptional experience. In this blog we explore various ways to provide high quality services with the goal of enhancing tenant satisfaction and maximising property potential.
The first thing the tenant will be thinking about, is 'how can we make a seamless transition to working in the office as opposed to working at home?' Some key aspects to consider introducing would be:
The best amenities will be the ones that sets you apart from other similar buildings in your area, but there are other factors that may affect your decisions around what you introduce.
Firstly, every square foot you use for an amenity is a square foot you can't rent out, therefore remodelling of current amenity spaces would be a first option. Several systems can be used to monitor the usage of areas and therefore identify what changes can be made to improve it.
Secondly, look at what is already in the area and seek to offer something different. For example, if there is a large gym already within walking distance, it would be better to introduce a different amenity that is not so readily available.
Maintaining premium facilities is an ongoing commitment. Encouraging tenant feedback and ideas will be very beneficial to understand their evolving needs and preferences, as well as looking regularly at the competition in the area. By creating a seamless experience as far as you can, your property will stand out as a beacon of high-quality workspace in the competitive real estate market.