You could obtain better results negotiating lease terms based on the trends affecting companies returning to traditional work environments. As noted by Buildings.com, you may find it helpful to remain aware of the amenities commercial tenants hope to obtain.
Technological improvements and upgraded air filtration reflect hoped-for tenant accommodations. Whether you own a building or rent commercial space, a unit’s HVAC and digital communication systems could determine the lease’s monthly rates. If you own property that needs upgrades, making them may help find desirable tenants.
Tenants appreciate amenities that promote well-being
Commercial rental spaces that lack a modern ventilation system could cause tenants to ask for or seek lower rental rates. After spending some time working from home, many employees have become hesitant to work onsite at an employer’s physical location. Properties that provide better environmental systems could entice more remote employees to work in person.
Overall, rental facilities that promote a positive workspace tend to attract better tenants. Installing a rooftop garden or a lounge area, for example, could increase a rental unit’s attractiveness. Employees at all levels, from frontline to upper management, appreciate having an onsite “getaway” for some needed rest and stress relief. Offering amenities such as valet services or plug-in stations for mobile devices also improves a property’s rental appeal.
Short-term and flexible leases could benefit both parties
Commercial real estate trends include leasing agreements with flexible or shorter rental periods. Certain businesses may only need to use their workspaces on a temporary basis. Forbes reports that offering shorter lease terms could help property owners attract commercial tenants while also providing a hedge against rising inflation. Lease agreements that provide benefits to both parties could prove equally appealing to landlords and tenants.
Whatever your legal issue, you can work through it with our team by your side. We care about supporting our community through personalized, available, and ever-ready legal representation.