We’re Seeing Strong Demand for Fitted Out Office Tenancies
In today’s tightening commercial leasing market, tenants are placing a higher premium on properties that are already fitted out and ready to go. With fit-out costs surging to around $1,500 per square metre and business owners increasingly time-poor, the demand for Turn-Key offices has never been higher.
Landlords holding vacant commercial assets should take note: tenants are not only delaying decisions about when to move but often lack the time or headspace to plan, price, and manage an office fit out themselves. In many cases, a decision to move is made too late to allow for an extensive build; leaving pre-fitted spaces at a competitive advantage.
There is a growing hesitation among tenants to commit to blank-slate offices. When they walk into a space that’s freshly painted, has modern flooring, LED lighting, and even just a basic fitout with a few offices, open plan work space, a kitchen and ideally a boardroom, it removes the mental and financial hurdle.
Even minimal improvements such as fresh paint, carpet tiles, or updated lighting can make a significant difference. But for spaces with dated or dysfunctional layouts, it may be worth consulting a fit-out company or commercial real estate expert. Professionals can provide realistic cost estimates and help assess whether the upfront investment could reduce vacancy periods or support a stronger rental return.
In this market, presentation matters. Properties that are clean, modern, and functional are not only more attractive, they’re also easier to lease and attract better quality tenants.
For landlords unsure of what changes to make, the message is simple: speak to a commercial agent. We can provide guidance based on tenant demand, local market activity, and how your property compares to others nearby.
Contact our leasing team today on 07 3870 2555 or [email protected]