In the fast-paced world of property development, it's easy to lose sight of the end-goal: creating a product that satisfies the occupier.
The level of occupier satisfaction not only determines the income generated but also the longevity of returns from a property. Ignoring the needs of those who use your buildings can have severe consequences.
According to Paul Hampton, Head of International Funds at PATRIZIA, attracting the right profile of occupier can yield lucrative results. Many companies now consider the ability to attract quality staff as a higher relative cost than rent itself. A desirable office space can save businesses costs associated with staff turnover and transportation.
To ensure your properties find the right occupiers and fill a market need, Hampton underscores the importance of having a strong management team and conducting thorough research.
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This post was sponsored by PATRIZIA.