Developing a commercial property can vary immensely whether it is a luxury building for finance companies or a small business park for entrepreneurs. The impact that the additions to the property can have is stability in the rental market. Being able to rent out each office year after year with businesses signing leases again can turn into a cash cow. Continually improving commercial property by adding different aspects to the property is important. Something as simple as a pond so employees of businesses can eat their lunch with a view is a perfect example. The following are additions to your commercial property that will make a difference over time.
The simplicity of reserving parking for certain employees at a commercial office building is important. The company renting the largest amount of space should have priority. Keeping management included in this will make it far more difficult to rent elsewhere especially in a city where finding parking is a nightmare/expensive daily. A startup founder might love seeing their name on a parking spot or someone that is newly promoted. This perk can be given to certain members of the staff at no additional cost on the rent. All the landlord has to do is make a new sign for a specific position or member of the staff.
Adding a Recreation Center
Being able to exercise before or during work is a huge perk especially if there is a gym/rec center on location. The addition of a metal building is going to be far more reasonable when it comes to durability and price to build. Staff at each of the companies should sign releases as an injury could spell disaster for the owner of the commercial property. Adding outdoor fitness equipment can allow people to skip the gym later in the day in favor of getting into the office earlier. The companies renting will also be happy as a portion of the staff will exercise in the morning so they will be energized instead of tired when they begin work.
The ability to take a building to the next level will be putting in some sort of restaurant into the building. The ability of the property owner to maximize income by providing snacks or fresh coffee can be immense. Certain properties have full restaurants where employees can purchase snacks during lunch. The markup on these products is immense but employees will pay for the convenience of not having to leave the building. Vending machines can be another way to maximize profitability for property owners and provides convenience to tenants.
The building adding a daycare center can drive profits and make the building almost impossible to leave for tenants. The addition of a daycare where parents can easily check on their children during a break cannot be matched. A company renting at the building might even cover a portion of the daycare costs for their employees. Attracting top talent is quite easy with daycare perks which most business owners will realize quite quickly.
Additions to a commercial property not only make the rental time there better for tenants but can retain tenants long-term. Plenty of businesses would rather rent than buy an office space as it allows their current cash flow to stay healthy.