featured on CoStar | Developers Devote Top Dollar To Meet Office Tenant Demand for Outdoor Spaces
TBG President, Bill Odle was interviewed by CoStar on the value of outdoor office spaces and how companies are taking advantage of outdoor spaces currently.
“Whether it be in Houston, Austin, San Antonio, Atlanta or Charlotte, I think the value of outdoor spaces has never been more appreciated than it is now,” said Bill Odle, president of TBG Partners, a landscape architecture firm with offices in Texas’ four major metros and corporate clients such as Oracle, Yeti and Trammell Crow Co., in an interview.
Large tech giants such as Oracle, Facebook and Apple started pouring millions of dollars into outdoor spaces at their corporate campuses well before the coronavirus outbreak in a trend that was already spilling over into multitenant office buildings before COVID-19 changed the office market. But now a renewed focus on health and wellness has accelerated the desire for developers to incorporate more nature into buildings.
That means developers are committing more dollars to outdoor spaces, sometimes redistributing funds from elsewhere in a project or giving tenants more options to incorporate private balconies and terraces into leases.
“What we have seen since the pandemic is that developers are coming and asking for outdoor space being incorporated into the design from the very beginning, more than just a tenant request,” Odle said.
“I think you’re finding more and more building owners, developers and brokers that are trying to facilitate or actively find ways to program outdoor spaces” with food trucks or outdoor classroom space.
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