Office Landlords Roll Out New Perks | News | Tishman Speyer


Office Landlords Roll Out New Perks

The Wall Street Journal February 2, 2017

Rockefeller Center’s rooftop gardens, usually off limits to tenants, soon will host a new attraction: outdoor yoga classes.

The new amenity is one of many that U.S. office-building owners have started offering in a market coping with increasing supply and weaker-than-usual demand at this stage of the economic recovery.

Tishman Speyer, the owner of Rockefeller Center in Manhattan, is rolling out a range of amenities that go well beyond the cleaning, heating and security services landlords typically provide tenants. Workers in the complex can now get emergency day care, 15-minute meal delivery and visits from manicurists and hairstylists.

Office-building owners throughout the country are increasing their offerings as they try to become more competitive. Workers can sign up for massages, attend art events or get a manicure before a night out. Tenants or their employees usually have to pay for these additional services, but landlords are charging below-market rates and making them more convenient.

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