Corporate Apartments Lagos Nigeria - Free Corporate Housing Guide. Free Office Building Tips.
The other side of the coin is the facility managers of big corporations searching for suitable corporate housing for the organizations they represent.
What will happen if real estate developers don't incorporate the needs of their potential customers into their design?
The corporate buildings they build will take longer to rent as potential tenants who come to inspect the office buildings will find their needs are not met and will look elsewhere.
Now that you understand that, let's take a closer look at what potential corporate housing tenants look out for when evaluating corporate apartments for rent.
Customer Requirements For Corporate Housing
If the client's budget is below the rental price for the type of apartment in the neighbourhood he is interested in, he will either increase his budget or look for something within his low budget outside the area of interest.
If the corporate housing client has the budget to rent the corporate apartment available for rent and the size is not an issue, then the next possible turnoff is the parking space available.
Corporate organizations like to have sizable parking space for clients because the lack of that could be a big turnoff for big clients.
Who wants to limit his business because of something as mundane as parking space?
Many office building developers have recognized this and now build office buildings that have the entire ground floor dedicated to car park especially in areas where getting bigger land to buy is a problem.
How big is the parking space problem?
It is huge especially in commercial centres like Ikeja Lagos Nigeria, Lagos Island, and Victoria Island.
In fact, one telecommunications company in Ikeja was forced to relocate its customer service centre from Toyin street in Ikeja to a more spacious office building within Ikeja.
The old office they occupied was left vacant for several months because potential tenants who came for inspection was appalled at how small the parking space was.
In fact, the only space available to park was in front of the building. And the maximum number of cars it can take was 4-8 cars. Many organizations found that unacceptable.
So even though the corporate apartment was in a super commercial location, it took too long to rent out after a tenant exited. And all that time it was vacant, the owner was losing money.
Take the question of parking space seriously.
Office Building Issues - Other Key Requirements
I have covered four key concerns potential customers of corporate apartments have. And they are . . .
Other key issues of concern to corporate tenants are:
If you're a commercial real estate developer or office building investor, take this issues seriously and provide an acceptable solution to your potential clients, the medium to large organizations.
When you do, the corporate buildings you build will rent faster and command premium prices. And you will smile to your bank.
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