Corporate tenants today want different features when looking for an office space, and new buildings often come into mind instead of considering refurbished properties.
However, real estate experts said renovated properties could be a suitable alternative, as some of them offer the same features found in new office towers. Property developers know that using new workplace designs, technology advancements, and better focus on health and wellness are key to attracting more tenants.
Choosing Office Spaces
The use of timber slats and other wooden elements in office designs are among the recent trends in workspace architecture in Australia. Some architects said high-rise buildings made from timber have become more common in 2018, as more companies acknowledge the need to provide a conducive work environment for their employees.
An upgraded building could be a better option if it incorporates sustainable features, such as better landscaping and collaborative spaces. The key concept of redesigning office towers has to do with the goal of making people want to stay inside, instead of counting the hours until they could leave the place.
Not Necessarily Problematic
Consumer demand for office space constantly changes and a refurbishment does not necessarily mean something is wrong with the property. For instance, the increasing popularity of shared offices in Melbourne and Sydney have led developers to find new ways for companies to maximise floor space.
It likewise allows them to attract younger talents, particularly millennials, since many younger professionals already evaluate the potential of working for a company based on its work environment.
Refurbished buildings normally elicit an impression that a building has certain problems in the past, but companies should know that there are now ways to upgrade a property. In some cases, developers could improve the performance of old towers, provided they use modern technology and materials.