5 things commercial tenants look for in commercial premises
12th February 2019
Commercial tenant checklist | 5 things commercial tenants look for in commercial premises.
With a combined experience of over 50 years’ and a managed commercial property portfolio of over 2 million sq ft across the East Midlands & East Anglia, our commercial team draw on their own insights to provide us with a top 5 commercial tenant checklist:
Fast connectivity: As we all know we live in a world where technology is at the heart of everything we do, including our business operations. So it’s no surprise that in the majority of cases speed of internet comes as a top priority. Ensuring your premises are kitted out with the latest and fasted broadband will instantly widen the appeal to modern technology-led businesses. In the past this has proved a major hurdle for owners of rural business parks, however with improved technologies and availability of fibre-optic broadband and fixed wireless access, there is no reason why rural businesses should not be achieving much faster speeds. There are also a number of government incentives and voucher schemes aimed at improving connectivity within rural communities; Wells McFarlane advise, manage and implement schemes on behalf of rural clients.
Air conditioning: Modern day comforts such as integrated kitchens and open- plan work spaces are always near the top of the checklist; when it comes to air-conditioning this is becoming a pre-requisite for increasing numbers of commercial tenants. And its mutually beneficial for both parties: tenants enjoy a comfortable working environment with the ability to manage climate which makes for a happier work force. Air conditioning has huge benefits for landlords too; from the ability to charge a greater rental income to increased marketability of the property and interestingly air conditioning helps to improve your premises energy efficiency, even in some cases helping your premises to meet minimum energy efficiency standards required to obtain an Energy Performance Certificate (EPC).
Unique premises: Wells McFarlane manage a lot of commercial property in the East Midlands and have found over the years an increasing trend in smaller, particularly creative and service led start-up businesses seeking out a premises with soul. Offices with personality, maybe a quirky barn conversion or a rural business park with countryside views. And of course somewhat unsurprisingly tenants still expect to be part of the connected generation and actually very similar to many residential property wish lists our commercial tenants are often seeking out period charm with all the modern day comforts.
Flexibility to grow: Square footage is always going to be a big consideration for tenants and requirements are largely driven by the size of the business and future growth plans. More and more we are finding tenants are looking for premises that offer the flexibility to grow and evolve with their business, from the ability to take on neighbouring units, or to knock through partition; modern service-led businesses are looking to future proof their
Secure car parking: Ample on-site car parking is always a big draw for commercial tenants, knowing their workforce can securely leave their cars on- site as well as offering convenient parking for visiting clients is always on the tenant checklist.