MetroWest495 Biz

MetroWest495 Biz | May 2015 11 2015 Book of Lists Worcester Business Journal's Book of Lists is Central Massachusetts most comprehensive market research tool. A compilation of the "Top Lists" that have run in the Worcester Business Journal over the last year, as well as many new, previously unpublished lists. Tightly re- searched, indexed and organized, this issue provides im- mediate insight into the wide variety of firms, industries and organizations that make up the Central Massachu- setts business economy. As a member of our business community – you'll want to see and be seen in this annual publication! Publication Date: July 6 Advertising Deadline: June 11 Reserve Your Space in the ultimate business tool! To find out more or to reserve your space, contact your account manager or Mark Murray, Associate Publisher at mmurray@wbjournal.com or 508-755-8004 Ext. 227. Central Massachusetts' Source for Business News Designing your office for success: A rchitectural design has the power to foster distinction, which has mul- tiple benefits for businesses that want to stand out from the competi- tion. Well-designed buildings can have a positive impact on employee morale, job performance and overall well-being. And for property owners, smart design choices result in more competitive properties and greater apprecia- tion in asset value. Suburban market revitalization The current push in the suburban commercial real estate market, specifically along Route 128 and Interstate 495, is to create urban-like, amenity-rich envi- ronments that offer a mix of commercial office space, retail amentities, restau- rants, after-hours socializing spots, and personal services. To attract top talent, tenants are demanding high-end amenities — and they are willing to pay for them. Many suburban commercial buildings and office parks that have housed businesses for more than 30 years are now dated in appearance and are under- performing. Yet with design improvements, these properties can be attractive to new tenants due to their good locations, infrastructure, and competitive lease rates. From a property owner's perspective, these properties often have attrac- tive acquisition costs, in the range of, per square foot, the low $30s to $80. At those prices, owners have some margin for investing in capital improvements, with lease rates in the range of the low to mid-$20s per square foot. Suburban properties also offer the benefits of more convenient commutes, free and abun- dant parking, and open space for future expansion. The potential appreciation of these properties is a major driver in the revitalization of the market. That crucial first impression For businesses, an office building is an important visual and functional ele- ment for promoting a company's brand. Your building serves as a billboard to the world; one that should convey success. First impressions are crucial, and they are formed long before a client reaches the reception desk. As architects, we examine the visitor's journey starting from the roadway, through the parking lot, and into the lobby to identify opportunities for design transformations. Recom- mendations can range from minor fixes, such as parking, landscaping, and site amenities, to bold enhancements to facades, entries, lobbies and common areas. It's important for every aspect of the property to reinforcea a company's brand. Trading cubicle farms for collaborative spaces Transforming dated buildings into amenity-rich communities is a must for growing companies looking to attract young employees. For the property owners, meanwhile, it's an opportune time to convert these older properties into the con- temporary campuses sought after in today's suburban market. Modern lobbies, for example, are often vibrant, light-filled community spaces showcasing innovative features such as bleacher seating and jumbo screens. Cu- bicle farms are being replaced by more efficient — and often unassigned — work areas, as well as huddle rooms, phone rooms, and collaboration spaces. Employ- ees want to be able to work anywhere they choose — whether it's in the lobby or outside in the central green space, so Wi-Fi is a must-have. And amenity centers with high-end cafeterias offering healthy food options; cafés with outdoor dining and fire pits; yoga and fitness centers; and gaming spaces are all becoming more common. Laddawn Inc., a plastics manufacturer based in Devens, is a prime example of a local company that created a vibrant workplace in order to attract top talent to the region. As Laddawn's corporate architect, we blended modern elements with an organic-industrial design concept. The outside was "brought in" through the installation of a climbing wall and faux grass, combined with slate, concrete and exposed steel finishes. Traditional office layouts were swapped for creative com - mon spaces; treadmill and balance ball workstation areas; lounge areas; a café- style kitchen; and an outdoor patio that encourages socializing. With the changing demographics and interests of today's workforce, suburban properties are in competition with urban ones that offer the live-work-play lifestyle popular with millennials. It's exciting to see suburban property owners incorporat - ing more innovative amentities into the workplace to maintain an edge. n REAL ANGLE BY BRENT MAUGEL Special to MetroWest495 Biz Architect Brent Maugel is the president of Maugel Architects in Harvard, which specializes in transforming older suburban office parks and buildings into innovative workplaces for today's tenants. How branding and smart design boost value and morale

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