In today’s commercial real estate landscape, there’s a phenomenon known as the “flight to quality” that has been gaining momentum in recent years. Essentially, this trend describes the movement of tenants away from older and less-maintained office buildings towards newer, more modern facilities that offer more amenities, conveniences, and overall appeal. Due in part to the ongoing impact of the Covid-19 pandemic, this trend has become even more pronounced in markets across the United States. Older class B and C buildings are now experiencing significant vacancies, while class A and renovated class B buildings are enjoying a much lower vacancy rate with tenants vying for space in these coveted properties.

As a result, many landlords are recognizing the need to modernize their aging properties in order to retain their appeal and relevance to tenants. One example of a building that has successfully undergone such a transformation is 710 Route 46 in Fairfield, NJ. Built in the 1980s, this property had long been overlooked by brokers and tenants alike. However, with a recent large capital improvement project completed including smart, strategic modernization efforts, building amenities, and best in class finishes, 710 Route 46 has become a prime example of how landlords can adapt to changing market conditions and meet the growing needs of today’s tenants and become a best in class asset.

Ownership hired a team of luxury designers, architects, and contractors to elevate the tenant experience in the building. With their no expenses spared design both within the common areas of the building and tenants’ spaces the building is a show stopper. Beginning with the new entry facade and widening of the entrance to create a grander experience upon entering the building, tenants and guests are ushered into the 4 story atrium lobby and showered with natural light. The 6’x6′ porcelain tile floors complement the 50′ slat accent wall with stone base and informal seating area. Behind the accent wall is the building elevators that open into the cafe area equipped with soft seating for informal meetings, tables and chairs for snacks and meals, and private call rooms for private calls. Adjacent to the cafe area is the conference amenity. With seating for 20+ participants at the table and 40+ participants overall, the conference room provides tenants with a venue for large scale gatherings without needing to take up space within their leased unit. Along with a cafe area, lounge space, and conferencing facility, 710 Route 46 also features a high tech gym equipped with the latest in fitness technology including Oxfits, Treads, and Pelotons, with locker rooms with showers.

The elevated finishes and attention to detail are also found in tenant spaces at the building. Finishes in the space include high exposed smooth surface ceiling, pendant lighting, full glass fronted offices and conference rooms, and a high end cafe style pantry with stone surface countertop.

Finally, 710 Route 46’s visibility to the highly trafficked highway offers unique building signage for full floor tenants 25,000 SF+.