Would an on-site fitness facility or bicycle parking make your downtown office space more unique and attractive to potential tenants and their employees? This recent IBJ.com (Indianapolis Business Journal) online article highlights that landlords must be creative in today's market:
Despite downtown’s vacancy woes, the market still holds a lot of promise and can rebound from recent setbacks.
That’s the view from Rich Forslund, an office broker at Summit Realty, who served as a panelist Friday at IBJ’s annual Commercial Real Estate and Construction Power Breakfast at the downtown Marriott hotel.
To compete, the towers need to get more creative by opening up ground-level common space into more than just areas where workers “wipe their feet,” Forslund said.
Coffee bars, restaurants or fitness centers make the most sense, he said. With both Regions and Market towers changing hands, opportunities are available for new ownership to reverse the trend, he said.(Full article.)
Olsen, S. (9/12/2014). Downtown Office Vacancies force landlords to get creative – IBJ.com at http://www.ibj.com/downtown-office-vacancies-force-landlords-to-get-creative/PARAMS/article/49481