As the commercial property market continues to get more competitive, tenants are now beginning to look outside their office floor and to other building amenities in order to make a decision about where to lease.
End of trip facilities – including showers, bike storage and lockers – are one of the features that tenants are looking for, and these facilities are a good way to attract and retain new tenants that may have overlooked the commercial offering previously.
Seamlessly designed into new buildings, end of trip facilities show potential tenants that the property is widely connected to alternative forms of transport, is easily accessible for staff and is in line with sustainability guidelines – all things that potential tenants are looking for.
To entice tenants to a commercial property, end of trip facilities should be uniquely designed to maximise space and ease of use – meaning thought should be given to every detail from bike storage to natural light and ventilation.
Given the rise of urban hubs outside of the respective CBD’s, end of trip facilities are especially important for tenants looking for properties outside of the usual business hubs – especially if they are well connected to bikeways and other methods of transport.
Facilities at Brisbane Airport Corporation
An example of this is Brisbane Airport Corporation’s commercial properties – given their connectivity to the highly used Kedron Brook bikeway, end of trip amenities are extremely important for their 75,000 square metres of existing office accommodation and their planned commercial projects.
“We have invested over $2.5 million in cycling infrastructure and our current cycle network covers over 50 per cent of landside roads, so it makes sense that our commercial buildings include highly sought-after end of trip facilities for tenants,” Mr John Tormey, General Manager of Commercial Business at Brisbane Airport Corporation said.
“Tenants are actively seeking out properties with end of trip facilities, and our DFO Stage 4 expansion includes end of trip amenities for new retailers and for the new commercial offices in the development.
“End of trip facilities have also been incorporated into all three of the buildings that make up our proposed campus style office development in Skygate in an attempt to both attract tenants and to ensure our new buildings are in line with our sustainability guidelines.”
As cycling, walking and jogging to work become even more popular the demand for end of trip facilities will continue to rise – putting those commercial properties with the facilities above properties without in the eyes of potential tenants.
John Tormey is the General Manager of Commercial Business at Brisbane Airport Corporation (BAC). Brisbane Airport is a thriving transport and commercial hub, located around 8km from Brisbane’s CBD.
BNE Property - BAC’s Property Division – is responsible for guiding sustainable property development at Brisbane Airport, within BAC’s overall 2,700-hectare lease holding. Representing one of south-east Queensland’s largest single-owner sites, BNE Property has a property portfolio worth in excess of $1.5 billion including retail, commercial, industrial and land developments.
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