On the same side: Landlords and tenants should work together on ensuring that real estate enhances business performance
Sociological evolution and economic downturn have dramatically changed the dynamics between landlords and tenants. Three revolutions are currently on the go: technological, environmental and generational. These key elements are driving tenants to change their philosophy as office occupiers. Not only do tenants require high-quality real estate, they are also looking for economic efficiency and these days that means energy efficiency. How can these differing objectives be reconciled? Can this conundrum be solved or is this the end of what used to be a love story?
It’s all about value-added office space, but — depending on whether you’re the tenant or the landlord — the concept of “value-added” can differ. “Occupiers are focusing on cost control in many markets and increasingly are considering secondary space, particularly where prime space is limited” underlines the recent
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