Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
Obtaining new tenants can be a costly affair for landlords. If tenants are dissatisfied, given today’s market, they can easily seek new space. It is always the preferred option to retain good tenants – those who pay their rent on time and cause little or no problems.
In choosing commercial space, location still reigns as the prime consideration, but increasingly the facility’s connectivity is very high on the list as well. For tenants like tech startups in particular, having a connected workplace is paramount.
More and more professional services firms are focusing on the needs of their employees rather than on what executives want when it come to the workplace. This is a useful strategy for attracting and retaining top talent, and it’s changing the way that those firms choose office space.
Coworking has really just been around for about a decade, and it’s already cutting its hair and putting on a tie. The practice was born in the start-up culture, favored by entrepreneurs, freelancers, and independent innovators.