Priorities in Accommodating office user preferences

Priorities in Accommodating office user preferences: Impact on office users decision to stay or go

Remøy, H.T. (TU Delft Real Estate Management)
van der Voordt, Theo (TU Delft Real Estate Management)

2014

Purpose When current accommodation is unsatisfactory, office organisations consider relocating to new accommodation that optimally facilitates their main processes and supports image and financial yield. However, due to high vacancy levels, public opinion and governmental awareness oppose new office construction. Reusing existing buildings could be the egg of Columbus. This paper aims at answering the questions: Which property characteristics are important push and pull factors for relocation? What does this mean for the decision: stay or go?
Design/methodology/approach A literature review of factors determining organisations’ accommodation choices was conducted. Interviews were held with large-scale office organisations and creative organisations, discussing relocation drivers. Henceforth, a survey was held among creative organisations, collecting data about property characteristics important for their preferences. Finally, office user preferences were compared with characteristics of structurally vacant buildings.
Findings Traditional push factors like car accessibility, extension need, and location and building image remain important. Nowadays sustainability issues like reducing energy consumption and better public transportation accessibility are highly prioritised pull factors as well. Regarding the creative industries, bike- and public transportation accessibility, multi-tenancy, and ICT and meeting facilities are most important.
Practical implications Knowing office users’ preferences is important to attract and retain stable tenants. If office space supply is highly aligned to end-users demands and easily adaptable to changing needs, probably more organisations will decide to stay instead of go, leaving behind empty offices.
Originality value This study combines data about push and pull factors with relocation decision-making, innovatively focussing on the creative industries. The data can be used to explore opportunities and risks of adaptive re-use of the existing building stock.

offices
vacancy
user preferences
push-, pull- and keep- factors
creative industries

http://resolver.tudelft.nl/uuid:a14a715c-8fce-4661-899d-3af8716aa0c3

https://doi.org/10.1108/JCRE-09-2013-0029

1463-001X

Journal of Corporate Real Estate, 16 (2), 140-154

Accepted Author Manuscript

Institutional Repository

journal article

© 2014 H.T. Remøy, Theo van der Voordt