Why operating costs belong in the design stage
Decisions made on paper over a few months determine an asset's running costs for decades.
Analytics
The request has shifted from square metres to the ability to reconfigure without relocating.
Companies have become more cautious about planning headcount far ahead, and this shows in what they ask of an office. Tenants want not only space at a rate, but clarity on how they will change it: expand, contract, split between teams.
For the owner, flexibility is not a concession to tenants but a vacancy management tool. A floor that can be divided fills faster than one that can only be let whole.
Building this in is cheapest at the design stage: separate service connections, planned positions for future partitions and reserve capacity. Later, the same changes require opening up structures and disrupting neighbouring units.
Decisions made on paper over a few months determine an asset's running costs for decades.
An office grade is not a marketing label but a set of measurable characteristics. Here is what tenants and owners should look at.
A renewal is nearly always cheaper than a new tenant. Here is what makes up the difference.