IMPROVED TENANT FACILITIES AND SERVICES DRIVE OCCUPANCY
Dear Valued Client,
Given the securitization opportunity and occupancy stability during the pandemic, business parks (BP) are increasingly being seen by investors and developers as an attractive real estate asset class. We recommend BP operators can improve facilities and services to maintain a high occupancy rate and mature BPs can look to be included in a REIT. We recommend tenants in high tech industries can consider options in BP to enjoy investment incentives and subsidies and customize the office space to meet specific needs.