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THE OCCUPIER VIEW POINT

Occupiers focus on curating the experience

of their employees, which includes where

they work. Those companies focused on cost

are looking for ways to provide a great work

environment without having to pay for it entirely

themselves.

Previously, just being downtown, proximate

to public transit was sufficient, but now that

employers are expected to offer so much more,

the stakes are rising. Occupiers are interested

in food quality and variety; wellness, and

access to the outdoors and exercise options;

and collaboration created through community

spaces where people intersect.

They want places where their people will linger

and remain connected to the organisation and

each other in meaningful ways.

Instead of creating suburban campuses with

in-house facilities, which is cost prohibitive,

they can find high quality amenities in existing

buildings located downtown.

The motives of occupiers and landlords create a

positive tension which has driven an emerging

and significant trend in the corporate office

market: amenity-laden high-rise towers in the

downtown core.

What we used to only see in corporate

campuses, we are now seeing in large office

buildings nestled together in our CBDs. This

move to city centres is borne out by recent

research of occupiers needs.

We're watching closely as the differing interests

of landlords and tenants continue to converge.

Checkmate.

TRENDS

Landlord provided amenities: some provided exclusively

for tenants especially when the building can support

thousands of occupants and others available to both

the tenants and the public, creating vital and energetic

community spaces. These include:

Fine dining restaurants branded

by star-chefs.

Aggregated tenant-convenience

services to elevate tenant wellness such

as fitness management companies, etc.

Information bars & concierges that add

a residential or boutique hotel-like feel

to the corporate environment.

Outdoor spaces: rooftop gardens,

internal atria, green walls, podium

decks converted to gardens.

Destination marketing as a value-add:

maintaining a heritage building onsite

and converting it to a food hall, creating

an outdoor concert/event forum for

performance; viewing platforms and tourist

attractions: all features that position the

building as a destination.

Aggregation of multiple amenities

into one integrated, branded ‘club.’

31

MICHAEL COCCE

Associate

Global Occupier Services

michael.cocce@cushwake.com

ANTONIA CARDONE,

MCR.W

Managing Director, Workplace

Strategy & Change Management

Strategic Consulting

antonia.cardone@cushwake.com

CHRIS MARRABLE

Director

Strategic Consulting, Australia

chris.marrable@ap.cushwake.com