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IJEBMR

Title:
AN EXAMINATION OF TENANTS PREFERENCES IN COMMERCIAL OFFICE BUILDINGS: THE CASE OF DAR ES SALAAM CBD, TANZANIA

Authors:
Evodius Henerico and Charles Lucian, Tanzania

Abstract:
This was study aimed at investigating the tenants' preferences to commercial office buildings in all stages of tenancy from when seeking a space, during occupation and possible reasons for vacation. The questionnaires were distributed to 93 respondents who ranked factors in order of their importance at a Likert scale of 5 and 7 attaining 68% response rate. By using Relative Importance Index (RII) in the Microsoft Excel, the index from 0.5 and above were considered important factor. The findings indicate that location, building services, rent and lease term and building conditions are respectively important factors to attract tenants. The keep factors are provision of good building services, good tenantsí business performance and cost of vacation or acquiring new space. Lastly, the bad business performance, poor services provision, defecting building conditions and rental review with lease restructuring triggers the tenants to vacate the buildings than any other factors. This study contributes to the property owners and managers to understand of the preferences of tenants in all tenancy stages. It appreciates variation of preferences from stage to another

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