HEY TENANT...WHAT DO YOU WANT?
If you're a commercial office landlord with spaces to fill, that is the million-dollar question!
For tenants, options in New York City (and most everywhere else) for office space abound from new construction A-level properties on down, with owners needing to offer a variety of concessions to lure companies in.
How About An Office Innovation...MIRO
BGO, formerly known as BentallGreenOak, developed MIRO or move-in ready offices.
It was designed 'to help the landlord commune with tenants to create offices that are ready to work for them from day one'.
Do You Ever Wonder had the opportunity to speak with Rob Naso, a BGO managing partner and head of its U.S. asset management.
We spoke about the issues faced by BGO by the work-from-home concept focused on work/lifestyle balance that has left many companies wanting to downsize.
The competition office building owners face due to 14 million square feet of new modern office space soon to be on the market, but at the same time, the benefit of 1/2 the office space in New York City being obsolete.
All of this in the face of an office vacancy rate in NYC of 22.7% in August.
BGO has been using the concept of MIRO to deliver pre-builts that are “tech- and hybrid-enabled, emphasizing human-centric design to encourage adaptability, wellness, and collaboration.”
'Suites range from 1,000 to 18,000 square feet. Tenants also share access to what BGO is calling “amenity centers” that would include town hall space and various perks such as a wellness center and food options. Lease lengths depend on tenant needs'. (Commercial Observer)
BGO is in 14 countries across a variety of commercial property classes, but 685 Third Avenue, near Grand Central Terminal, is one of their properties in NYC where the MIRO concept can be seen and leased.
To reach BGO with any inquiries, contact Sam Buckley, Executive Vice President, Leasing, at the information below...
W: (212) 359-7835
M: (201) 390-7559
E: Sam.Buckley@BGO.com
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