If you’re a landlord who owns office space, then you know how important it is to make sure your property is attractive to prospective tenants. In today’s market, people are looking for places that are not only spacious but also aesthetically pleasing and equipped with the latest technology.
One way landlords can ensure their property stands out from the competition is by investing in a landlord fit-out. Let’s explore landlord fit-outs and how they can help you attract more clients and ultimately, give you a much higher ROI.
What is a Landlord Fit-Out?
A landlord fit-out is when a space is designed and restructured to improve its look and features. This often includes installing new furniture, painting walls, incorporating new technology, or rearranging the layout of the office space. It may also involve adding partition walls if necessary or other amenities such as air conditioning or natural lighting systems.
Landlord fit-outs can be organised into the following categories:
Cat A Fit-Out:
A Category A fit-out is what’s otherwise known as a ‘basic landlord fit-out’. This includes the installation of the building’s electrical and mechanical services (air conditioning, heating, lighting etc), fire detection systems, bathrooms/toilets, suspended ceilings, raised access facilities and finishes applied to interior walls.
Essentially, it offers a quick and easy way of fitting out a high-quality workplace with which (depending on the terms of the lease, of course), your tenants can decorate to their requirements.
Cat A+ Fit-Out:
The Category A+ fit-out is essentially a more flexible Cat A. With the increased demand for co-working and serviced offices, more tenants are looking for office spaces that are ready for them to move into. This will often suit smaller companies that are looking to avoid the long-term investment that a customised Cat B fit-out would be, while still giving them the flexibility they require.
Cat B Fit-Out:
A Category B fit-out refers to a workplace that is fitted out with everything the tenant needs, including additional decorations, features, and furniture. With a Cat B fit-out, the landlord and their tenant will work closely with office design professionals to identify the different elements they need, as well as how they’re able to portray their company culture throughout the design. This will enable the ‘license to alter’ to be issued.
What Are The Benefits Of Investing In A Landlord Fit-Out?
The main benefit of investing in a landlord fit-out for your office space is that it will make your property stand out from other competitors on the market. It will give prospective tenants an idea of what kind of experience they will have when working in your building. For instance, if you invest in modern technology such as smart boards or high-speed internet access, this will show potential tenants that their needs will be taken care of if they decide to rent from you. Additionally, it can help increase the value of your property over time by creating a higher-quality work environment for current tenants and prospects alike.
Investing in a landlord fit-out may also help to increase rental income over time since clients may be willing to pay more for an improved work environment. It’s important to note that while there are many benefits associated with investing in a landlord fit-out, it’s not something that should be done without careful consideration as there are also costs associated with these projects that need to be considered before making any decisions.
All in all, investing in a landlord fit-out can be an excellent way to make sure your office space stands apart from other properties on the market and ultimately helps attract more clients and generate more revenue for your business over time. It’s important to weigh all options carefully before making any decisions regarding tenant improvements but if done strategically it can be an excellent investment that pays off significantly over time, both financially and aesthetically.
This is where the expert office fit-out team at Oaktree Interiors can help.
Innovative Workplace Design Solutions by Oaktree Interiors:
If you’re considering a new office fit-out for 2023, the Oaktree team are here to help in any way we can. We have vast experience in creating Cat A and A+ fit-outs for SMEs and landlords – showcased on our Case Studies page. Whether it was reconfiguration works, redecoration or supplying the right types of furniture; our team used their vast experience and skills for a quick turnaround on these jobs.
If you would like more information on how we can work with you to produce your ideal office fit-out, our team are on hand to take your call at 0345 21 86955. Alternatively, you can send any enquiries via email to hello@oaktreeoffice.com and we’ll get back to you as soon as possible.