The Gold Coast office market is experiencing a 'flight to quality', creating a two-tiered market. This guide explains what this trend means for both office landlords and business tenants. Discover the strategies landlords must adopt to compete and the opportunities available for businesses looking to upgrade their workspace.
A major shift is underway in the Gold Coast office market. It's called the 'flight to quality'. In the new era of flexible work, businesses are finding they can operate with less space, but the space they do have needs to be better than ever to entice employees back to the office.
This means tenants are leaving older, B-grade buildings in favour of new, A-grade towers with premium amenities, great locations, and modern technology. This trend has created a two-tiered market with big implications for both landlords and tenants.
For Office Landlords:If you own an older, lower-grade office building, the 'do nothing' approach is no longer viable. To compete, you must invest in upgrades. This could include a modern lobby refurbishment, updated end-of-trip facilities (like bike racks and showers), or improved energy efficiency.
- Our Role: We can help you access commercial finance to fund these essential upgrades, protecting the value of your asset and attracting high-quality tenants.
For Office Tenants (Business Owners):This is a tenant's market, especially if you're looking for B-grade space. Landlords are offering significant incentives to attract and retain tenants. However, it's also the perfect opportunity to upgrade your business's home. Moving to an A-grade building can boost your brand image and help you attract top talent.
- Our Role: If you're looking to make a move, we can assist with fit-out finance to create your perfect new workspace. Or, in the current market, it might be the perfect time to consider buying your own premises with a commercial property loan.
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The 'Flight to Quality': What Gold Coast Office Landlords & Tenants Need to Know
The Gold Coast office market is experiencing a 'flight to quality', creating a two-tiered market. This guide explains what this trend means for both office landlords and business tenants. Discover the strategies landlords must adopt to compete and the opportunities available for businesses looking to upgrade their workspace.