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Landlords are Racing to Provide the Best Amenities
Tags: BUSINESS

Landlords are Racing to Provide the Best Amenities

There’s an “arms race” between office landlords over who can deliver the most elaborate amenities package, notes the Commercial Observer’s David M. Levitt.

“In today’s office market, amenities drive the bus.”

Landlords are investing millions of dollars in elaborate amenities in order to lure “the biggest and most credit-worthy tenants”. In the case of Three Times Square, the 16th floor is being fitted out with a dining area and lounge overlooking Times Square, a coffee bar, a conference and event space, and a fitness center with locker rooms.

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“I would say amenities are no longer a nice thing to have, it’s a must-have,” said Ryan Simonetti, CEO and co-founder of Convene.

In today’s newfound age of remote work, amenities may seem irrelevant when many firms and employees intend to continue working remotely.

But, that’s also why landlords are rushing to provide the best packages. Those companies that do want to keep and upgrade their office space are looking for a destination workplace that enables them not just to bring staff back to the office, but to attract and retain the best talent.

ABOUT Jo Meunier (née Disney)
Jo Meunier (née Disney)

Jo is AllWork's Senior Editor for the UK and Europe. Jo has worked within business centre and coworking circles since 2009, researching and contributing written features for numerous industry publications. She reports on the latest market news and delves into local issues with one main objective: to champion the flexible workspace industry and its members. Get in touch with Jo here or via [email protected]. View all posts by Jo Meunier (née Disney)

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