Gone are the days when retailers picked spaces based on location and size alone. Today’s tenants look for much more. They want properties with green features, smart technology, wellness perks, and flexible terms. If you own commercial property, you need to understand what matters to modern retailers.
Green Features Are Essential
Sustainability isn’t just a trend anymore. It’s a must-have. Retailers now expect:
- LEED or ENERGY STAR certifications
- Energy-saving HVAC systems
- LED lighting throughout
- Electric vehicle charging stations
Why does this matter? These features help retailers meet their environmental goals. They also attract customers who care about the planet. Without these basics, your property will struggle to compete.
Technology Makes or Breaks a Deal
Fast internet is as important as electricity for today’s retailers. They need it to run their businesses smoothly. Modern tenants also look for:
- Smart climate control systems
- Touchless entry options
- Digital property management tools
- WiredScore certification
Tech-savvy retailers rely on these features to manage inventory and serve customers both online and in-store. Properties with strong tech infrastructure can charge higher rents.
Wellness Features Draw Top Tenants
The pandemic changed what people expect from their work spaces. Retailers now want buildings that support health and wellbeing. Popular features include:
- Natural light and plants
- Clean air systems
- Outdoor spaces
- Break rooms and fitness areas
These amenities help employees feel better at work. They also create spaces where customers enjoy spending time.
Flexibility Wins in Uncertain Times
Business needs change quickly these days. That’s why retailers prefer:
- Spaces that can be reconfigured easily
- Shorter leases with room to grow
- Shared amenities that reduce costs
Property owners must adapt their thinking about leases and space design to meet these needs.
What This Means for Property Owners
These new demands are raising the bar for all commercial properties. Features that used to be luxury items are now basic expectations. Properties that don’t evolve risk becoming outdated. But those that embrace change will thrive.
The good news? Making these improvements can boost your property value and attract better tenants who stay longer.
Ready to Upgrade Your Property?
Williams Capital Advisors helps property owners meet modern tenant expectations. We can:
- Evaluate your property against current standards
- Create a practical upgrade plan
- Connect you with the right tenants
Call us at (213) 880-8107 or email francisco.williams@williamscap.ai to discuss your property’s potential. Learn more at williamscapitaladvisors.com.
