Tim Lee

Office amenities have become integral to attracting and retaining tenants. Amenities have become a way for office owners to set themselves apart from the competition, especially because companies are looking for ways to attract and retain employees. Amenities can help to provide a better quality of life and work life balance to companies and their employees.

“Amenities are a huge differentiator among commercial buildings. Quality of life and productivity have really come to the forefront, so anything that makes employees happier, healthier, and more productive is a welcome amenity and counts significantly toward higher occupancy and lease rates,” Tim Lee, principal at Olive Hill Group, tells GlobeSt.com.

Even better than driving occupancy at office properties, a good mix of amenities can also drive rents up. “Office tenants have placed a lot of stock in their people, so recruiting and retaining talent is a high priority for them; appealing amenities draw people into a company and help keep them there, so companies are willing to pay a premium for these amenities, and they're more likely to renew their leases if they're happy with a building's amenities,” says Lee. “The same goes for apartment renters.”