Aug 30 2015

Colliers Report | Amenities: A Hot Commodity

From Colliers:

amenitiescolliersTo attract and retain the best and brightest talent in today’s commercial real estate market, building owners and tenants are focusing more on amenities than ever before. As a guest blogger for Convene, Thomas Vecchione, principal of the international architectural firm Gensler, wrote: “Office spaces that engage employees by creating unique experiences create value and function as a strategic business asset rather than just a workspace.” (“Creating Value Through Placemaking,” November 3, 2014.)

In the past, approximately 3 percent of portfolio space was committed to features like gyms and on-site dining. Today, owners should expect to allocate approximately 10 percent, and those who are trying to attract highly sought-after tenants should look to reserve 12 percent or more.

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