Truspace provides office design and refurbishment services across Canada.
Paying close attention to detail, quality, and design, we improve the
desirability of commercial spaces to attract new tenants.
Workplace strategies and building technology are constantly evolving. To attract and retain tenants, the buildings themselves need to keep pace with these changes – or risk becoming obsolete.
To provide their occupants greater flexibility and a choice of when and where they can work, progressive companies are embracing a range of workplace solutions, both within their existing tenancies and external support space opportunities. These new ways of working, and their implications on office space, include:
With more businesses looking to adopt agile workplace strategies, buildings that are equipped
with the necessary amenities will be in high demand – resulting in tenants who are prepared to pay a premium for the space.
When an office building can’t accommodate new workplace practices, it risks further downgrades,
longer vacancy periods, or reduced rental returns.
Successfully upgrading a building’s services and activating its common areas will lead to a broader
tenant pool, improve the overall rental achieved, and increase the capitalization rate of the building – ultimately providing incremental value uplift to owners.
The internal rate of return on investment on these upgrades varies depending on a project’s circumstances, but is typically between 10-20% a year.
Get in touch. Ask a question or tell us about your workspace needs.