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Tenant Rep Tuesday Tip: Commercial Real Estate Spending Big on Office Amenities

NCRE CRE Spending Big on Amenities

Today's Tenant Rep Tuesday Tip topic: Commercial Real Estate Spending Big on Office Amenities

Class A buildings are sprucing us their amenities to herd workers back to the office.

The first quarter of 2022 in Houston office saw higher direct vacancy compared to the rest of the U.S. - buildings completed between 1980 and 1999 have the highest vacancy in Houston, at 26.6%, three times that of properties completed since 2010. 

To attract workers back to the office, companies are leaning on the presence of tricked-out offices with leisure areas, modern technology, fitness areas, outdoor spaces and other amenities. Nationally, large companies are hosting parties, pop-up events, free food and even celebrities to paint the workplace as more appealing than home

Source: Bisnow

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