REAL ESTATE NOTES: Survey Finds Temperatures Rile Office Tenants the Most
A study of office tenants by the Building Owners and Managers Association International found that tenants' main dissatisfaction with their work space is the temperature, and that the greatest loss of productivity on the job is attributed to excess noise.</br></br>While building performance was cited as a prime determinant of tenant satisfaction, other less tangible factors play an important role, including a tenant's ÛÏsense of homeÛ or emotional attachment to the build-ling, the study found.</br></br>! Of the 400 executives surveyed ! by BOMA, 25 percent are reviewing [ their businessesÛª office needs and | conditions. Half of the tenants surveyed had changed their business ;address sometime in the past three ; years.</br></br>! In looking for new space, executives said location, cost and accessibility were the most important crite-jria. Lack of ample, functional space jwas cited as the most important rea-json for moving. Tenants said the j amenities they wanted most were Witness clubs, commercial food services, parking facilities and day care Centers.</br></br>gage USA, found that prices paid for residential land and individual home-sites are still rising in areas of highest demand but have leveled off elsewhere, and are actually declining in some metropolitan areas.