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Washington Square lobby in Minneapolis Occupancy has increased substantially at Shorenstein Properties’ Washington Square complex with a renovation program intended to transform the properties into cutting-edge workspaces.

HOUSTON—Owners and developers looking to tap into burgeoning trends with tenant appeal should consider the WELL Building Standard, contemporary renovations to office properties or developing multifamily spaces with Baby Boomer appeal, according to Transwestern. In three separate articles appearing in the latest issue of its Insights newsletter, the firm provides in-depth narratives and examples on how each of these trends can boost tenant satisfaction and improve the bottom line.

Recently introduced by the International WELL Building Institute, the WELL standard identifies 100 performance metrics, design strategies and policies for measuring, certifying and monitoring how the built environment impacts health and productivity. “For instance, medical studies show that giving employees the freedom to sit in different places from day to day allows them to be more creative and productive,” according to the Insights article. “Resulting from humans’ innate tendency to connect to nature, organizers say workers are positively impacted by lighting, artwork, paint and carpet that reflect the outdoors.”

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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