Rich Lister landlord’s secret to 95pc office occupancy

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Rich Lister landlord’s secret to 95pc office occupancy
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Shaun Bonétt, whose three office buildings are nearly full, says too many building owners have not grappled with a “cultural shift” transforming the white-collar workforce.

Office landlords must understand the “cultural shift” that has happened in the workforce if they are to address spiralling vacancy rates, says Financial Review Rich Lister Shaun Bonétt, who oversees an occupancy rate above 95 per cent in his buildings.according to the Property Council of AustraliaShaun Bonétt , pictured at the Sydney headquarters of his Precision Group, has a vacancy rate in his office buildings below 5 per cent.

“They were telling me there weren’t enough childcare centres nearby, so I put one into the building,” he said. Based on feedback, he sought out a gymnasium to be a ground-floor tenant at Customs House as well. “I bought all of them based on transport hubs, restaurants, pubs, gyms and childcare centres being either within them or within close proximity,” Mr Bonétt said.Another feature that unites all three office buildings is that they are pet-friendly. Structurally, Mr Bonétt said this amounted to little more than designating a room on each floor for the animal to “do their business”.

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