Real Estate Giant Says Workplace Environment Is Increasingly Key To Attracting Quality Workforce
HOUSTON, TX — Global real estate firm Transwestern says companies are making real estate decisions based on how well their leased space, the larger property and the surrounding area will provide the kind of experiences that attract and retain workers.
Based in Houston, Transwestern has 35 U.S. offices and assists clients through more than 180 offices in 37 countries.
According to Transwestern, landlords are responding to this increased demand for amenity-rich workplaces by adding features such as wine lounges and upscale coffee bars.
“Our goal is to make decisions about the workplace easy for tenants and their employees, and in large part that is influenced by the quality-of-life elements incorporated into our clients’ properties,” said Mike Watts, president of Transwestern’s Midwest region. “Our work shows that a critical look at amenities, space usage and branding pays off for both owners and tenants.”
In Minneapolis, for example, Transwestern collaborated with Zeller Realty Group to introduce a host of new features at Fifth Street Towers. The revitalized space now offers a wellness center with napping pods; a lounge; a 5,000-sq.-ft. deck with TVs and skyline views; a staffed exercise area with machines and weights; and a bicycle center with showers, a repair shop and space to store hundreds of bikes.
In Dallas, the tenant wine lounge at KBS-owned Providence Towers is stocked with icemaker, glasses and other necessities; tenants can bring their own beverages or store bottles in private wine lockers.
As skilled workers weigh employer reputations and workplace experiences when making job choices, companies are working harder to cultivate their brand as a recruiting and talent-retention tool, Transwestern emphasized.