CanadaLands Company has big windows and unique furnishings in itsrelocated Toronto space.
SAN JOSE—In the past, office developers created differentiators with grand lobbies, fitnesscenters, outdoor gathering spaces and smart elevators. However,these features can gobble up as much as 12% of the rentable areaand add to the maintenance expense of the building, GlobeSt.comlearns.
For example, lobbies are estimated at about $500 per square foot($90,000 typical cost), fitness centers clock in at $150 to $350per square foot ($100,000 typical cost), outdoor gathering spacescost $200 per square foot ($50,000 typical cost) and smartelevators are approximately $100,000 per car, according toMilpitas-based View, a manufacturer of smart windows.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
