Disability Access Proving Crucial in Commercial Buildings
Providing disability access in multi-level commercial buildings by including elevator access has become crucial in securing sales and leasing transactions, says Ray White Commercial Bayside Director Nathan Moore.
Nathan Moore said buildings not upgraded to include elevator access to their first floors and beyond are fast becoming abandoned as the general population ages and both employees and customers are becoming unwilling to climb stairs as they once were.
“The flow on from this is reflected in high vacancy rates and declining rentals and capital values despite the level of accommodation remaining at a high standard,” he said.
Nathan Moore said banks, government departments and government contracted agencies adopted a total disability access requirement more than 10 years ago.
“Many of those A grade spaces on upper floors were then occupied by local accountants, law firms, insurance agencies and financial planners,” he said.
Nathan Moore said all owners should consider the addition of an elevator into the common space.
He said owners of ground floor strip retail space are also benefiting from this trend as these traditional first floor office users gravitate towards the ground floor, not for signage or retail benefit, but to provide better accessibility to ageing clients.
“It’s an interesting trend and one we see no sign of slowing down,” he said.
“The warning to owners of multi-level office space is a clear one; plan for the future and install a lift.
“The capital cost of doing so will ultimately ensure occupancy and protect value.”