If you own a
Sydney commercial office and plan to sell or lease out your investment, improving the appearance and performance of your building is a great way to increase its competitiveness in the property market.
In fact, property consultants and experts from the Property Council of Australia strongly recommend the upgrading of existing properties because of:
- Increasing market competition due to the economic downturn, particularly with the crop of new Sydney commercial offices in the coming months.
- The Federal and State Government's push for sustainability in new and existing Sydney commercial offices. This is evident in initiatives like the Mandatory Disclosure of Commercial Office Building Energy Efficiency scheme, whereby all owners must disclose a building's energy efficiency to potential tenants and buyers.
But despite the changes and increased market pressures, there are 4 simple things building owners can do to start the process of refurbishment:
- Revitalise public spaces. The appearance of reception areas, bathrooms, kitchens and meeting rooms make a significant impact for not only existing staff, but also for clients, stakeholders and potential employees. These are the first places to revitalise in a Sydney commercial office.
- Improve staff morale. Studies by computer and IT companies have shown that spacious, airy and cool working environments with natural light dramatically increase staff morale and productivity, while reducing stress by 50 per cent. Well-functioning facilities such as lifts, electricity and water, as well as efficient communication and IT infrastructure, also improved staff satisfaction.
For further property management advice for your Sydney commercial office, visit expert agencies like
Tim Green Commercial.
