4 Ways to Attract Tenants to Your Commercial Property

The current trends in the business have made it clear that office landlords have to cater to the needs and preferences of their tenants. Building owners and managers (who understand and meet these demands) will be able to command higher rents and reduce vacancy rates. 

To expand on this, here are four key tips to help attract quality tenants.

Offer an Exceptional Experience

Creating an office environment that offers an enjoyable experience for both occupants and staff is crucial. It needs to incorporate elements that go beyond a mere place of business.

This might include lunchtime presentations and community involvement programs. Plus, offer building facilities promoting wellness, such as … gyms, end-of-trip amenities and cafes to boost tenant appeal.

Foster Collaboration

Businesses thrive when there is a culture of collaboration among their staff. Buildings facilitating this are in high demand.

Including enhanced technology features such as LED screens, private interview pods and improved conference facilities can also help your tenants’ creativity. There seems to be a growing expectation for landlords to provide technology support to enable collaboration.

Effective Use of Common Areas

Given the Australian climate, allowing employees to work outside the office area can be highly beneficial. This flexibility not only improves productivity but also supports overall well-being.

Commitment to the Environment

Buildings prioritising sustainability and social equity no I have a competitive edge – as tenants look to align their brand and values with their work environment. 

There is a growing cultural alignment between tenants and building owners – as tenants actively seek offices with a lower carbon footprint.

Bottom Line: By focusing on these key areas, building owners and managers can attract quality tenants and position themselves as leaders in the market.

Best wishes …

Should You Engage a Property Manager?

AS YOU CAN IMAGINE, this is a question I often get asked.

So, let me perhaps start by saying that with all my properties … I, personally, engage a skilled property manager.

And people then ask … If you know so much about commercial property, why don’t you manage the properties yourself?

The answer’s fairly straightforward – as there are basically 4 reasons … [Read more…]

For Your Business: Is it Better to Rent or Buy?

CHOOSING WHETHER TO buy or to rent a Commercial property can often be a difficult decision. When you buy commercial property, you’re purchasing it with cash or loan proceeds. And when you have paid off the loan, you own the property outright. [Read more…]

It’s NEVER Too Late for Commercial Investors and Business Owners to Claim Thousands in Depreciation

JUST BECAUSE 30 JUNE has been and gone, commercial investors and businesses don’t need to wait another financial year to obtain a tax depreciation schedule. Even if a schedule is ordered after the end of a financial year (FY), depreciation can still be back-claimed.  [Read more…]

CBD Offices in Demand

Full-floors becoming scarce.

Within CBDs around Australia, the number of whole Office floors available to tenants is falling rapidly.

In the last post, you heard about the general decline in Office vacancy is within the capital cities.

But here, you’re looking at a situation where large corporate tenants will find it increasingly difficult to secure whole floors within quality buildings — according to Savills Research.

While Sydney still has a greater number of full floors available, these should quickly be taken up with increased activity from the finance and insurance sectors.

Bottom Line: This will put upwards pressure on Office rentals around Australia; and underpin good growth prospects for Commercial landlords, over the next 3 to 4 years.