Gold Coast commercial landlords have a challenge on their hands. They must combine excellent facilities with an attractive rent in order to appeal over their competitors. Knowing what tenants value most is key to ensuring the lowest possible vacancy rates.
We investigate what tenants are looking out for during their office property search.
Breakout spaces are getting ever more popular with the millenial workforce. Modern offices provide space for colleagues to get a change of scene and work in other areas – getting comfortable in order to get their work done. With collaboration being a buzz word today, it's also about offering space for people to get together whether for formal meetings or more casual brainstorming sessions. Small spaces for private phone calls or video conferencing are also popular.
This kind of flexibility also provides office teams with the opportunity to reorganise teams or increase employee numbers as required, without being constrained by the space available.
Happiness at work is important, as is an employee's general health and wellbeing. Renters now expect that colleagues have room to socialise, eat their lunch, possibly even somewhere to buy their lunch or morning coffee. They also look for facilities such as bike storage and shower rooms to support employees wanting to cycle into work or visit the gym early in the morning.
Some tenants take that one step further by looking for offices with fitness and pool facilities.
Businesses don't want to be bothered with the day-to-day admin of running a building. A centre that offers amenities such as office cleaning, building and facilities maintenance and security services are really appealing for those tenants who just want to get on with their business. Car parking services with regulated access and relevant security levels are another big draw card.
Tenants also want easy access to office management teams when a problem does arise, and clear communication around solutions.
With the global economy still stabilising, tenants want the option to modify the agreement if their business needs change. They may need to downsize, or move out altogether if requirements significantly alter. When faced with the choice between a long-term agreement and a more flexible option, the latter might be the deciding factor.
Looking for a great new commercial space in Gold Coast property? Speak to the team at Ray White Surfers Paradise.