GREEN SPACES NEAR THE NEW OFFICE BUILDINGS CREATE ADDITIONAL VALUE
Real estate developers building new offices states that all the decisions that make employees happy create additional value for the building. Therefore, recently there are more investments made into the green and social spaces near the business centres.
According to Martynas Babilas, Senior advisor of “Newsec Baltic”, technical parameters of many A class buildings are similar. So, the environment provides additional exclusivity to the business centres.
“It is very important for the people, working in enclosed spaces, to have an additional work or recreational space, which is near, but is essentially different from the working desk environment. It was proven that the value of the building is higher if it is near a park or recreational space. That is why, during the long-term period the small parks or terraces create additional value both in financial sense as well as for the loyalty of tenants. After the Lease period of 5 years, tenants are renewing Leases, if they are comfortable with the service they receive from landlords”, says M. Babilas.