Preferred Tenant Amenities in the Commercial Real Estate Space
While preferred occupant amenities are more streamlined among residential properties, those within commercial property management can also provide particular amenities that will make their building more attractive to tenants, as discussed in this blog.
Competition in the commercial real estate space can be steep, and if you wish to attract savvy tenants, then you need to look beyond offering low rents and favorable lease terms. Many people associate preferred amenities as more of a residential property line item, but in reality, amenities are every bit as important to tenants seeking a commercial space. Today, commercial property management demands that you offer prospects amenities that they consider valuable and worth paying for. Such amenities facilitate the day-to-day working experience for tenants, and in some cases, may offer significant savings on time and money. If your property scores high in terms of location, then you can really boost your chances of leasing it out to responsible tenants by providing useful amenities. Listed below are some of the most-preferred amenities within the commercial realm.
Find out how to improve safety and reduce costs at your property
Our best-in-class emergency phone + monitoring solutions provide peace of mind and are backed by decades of expertiseLearn More
Energy efficiency practices
With the entire business community increasingly recognizing the importance of the thumbprint that we leave on the earth as well as the costs associated with it, it’s no wonder that one of the top features that many tenants seek is the sign of energy efficient measures. Some of the steps that you can take to implement such practices include:
- Using compact fluorescent lamps (CFLs) instead of incandescent lamps. CFLs consume far less power and significantly reduce the lighting bill.
- Replacing older motors with newer models that consume less power and offers more savings
- Considering the installation of solar panels or fuel cells to complement grid-based fossil fuel power. This helps to cut costs and is environment friendly.
An awesome advantage to implementing these kinds of measures is the opportunity to receive help from the government in terms of costs Check if your state and local governments offer you any tax rebates for instituting measures to improve energy efficiency.
Give your tenants the option of eating at the premise itself. Corporates will value the availability of a good menu that is just an elevator ride away and does not involve covering a block or two every day. Food and beverage vendors can add to the appeal of the premises and also meld nicely with the corporate client’s brand image.
Flexible open hours
The days of working nine to five with weekends off are long gone. Commercial property management experts that offer access to premises, facilities and utilities to meet their client’s needs will have an edge over those that try to save by shutting the power off during weekends and at other times that may be traditionally considered “off hours.” What you may not know is that you can actually negotiate with utilities providers to offer you power supply at rates that best suit the working hours of your clients. This will allow you to provide your tenants with the benefit of adhering to their schedule while still potentially saving costs.
Consider creating a tastefully done lounge where tenants within different organizations can relax and rejuvenate themselves without having to step out of the building. This is another thoughtful amenity setting you apart from similar buildings that tenants are sure to appreciate.
Safety is an increasing priority for both property managers and tenants alike. If someone doesn’t feel safe within your building, they are unable to properly focus on their responsibilities at hand. Tenants need options for access to help in the event of an emergency. This makes safety systems like emergency help phones, security systems, surveillance and safety staff especially essential.
These are some of many preferred commercial real estate amenities that can actually become a revenue stream for savvy commercial property owners. Choose your amenities based on your budget, location and any business types that you are specifically targeting for leasing out office space. The bottom line is that property owners operate in a tenant’s market and they need to take positive steps proactively or risk untenanted spaces and mounting costs. For more information on how Kings III can keep your commercial property safe and appealing to tenants, visit www.kingsiii.com.
Not all on-site emergencies take place during regular working hours, but that doesn't make them any less important to address. Here's how property managers can effectively respond to property emergencies occurring after-hours without an unrealistic, burdensome workload.
If you rely on tenants' smartphone use as an on-site emergency response, you're opening up some liability issues when it comes to property safety. Here's what you need to know.
Because your fitness center could be one of the more popular amenities on your property, it certainly brings a need for a plan to manage risks that can occur. If you haven’t already, it’s important to establish life safety and emergency response practices specifically designated for the area. Here are some of the essentials.
Elevator Communications and Data Connection Requirements: Properly Evaluating Security Risk, Reliability and Encumbrances
There’s a lot to consider when thinking about the new elevator emergency communication code requirements. Deciding to use your own network creates a long checklist and more work for you. Granting a third party vendor access to your network is an option but has risks. Here are a few things to consider when making your decision.
As part of Building Safety Month, we’re taking a look at some fundamental property crime statistics that all property managers should know, adding in some of our own crime prevention and crime response tips.
We have found as an emergency pool phone provider that there are multifamily communities unaware that their current pool phone service is actually using a deactivated cell phone. Depending on the authority having jurisdiction (AHJ), this often does not pass inspection for several reasons. This puts both property managers and their tenants at risk. Learn why.
Kings III equipment has been approved for the use of FirstNet, built by AT&T, which is a long-term evolution (LTE) network that gives first priority to first responders and other public safety personnel. Learn more here.
After a rigorous review process, Kings III’s emergency phone host control panel, the M90, is now FirstNet Ready™ and ready for use on FirstNet®, a public safety network. Learn items of note.
See how Kings III's emergency dispatch center was able to run as-usual during the mass Texas power outages and how we're prepared to do so in any outage.
Kings III makes it easy as a single point-of-contact for all your emergency response needs. With expertise in line connectivity, compliance codes, equipment maintenance and safety protocol, we offer the total package.