What is one advantage of trophy buildings?

Trophy buildings are high-profile properties that are often located in prime areas and are known for their architectural excellence, prestigious history, and superior amenities. One significant advantage of trophy buildings is their ability to attract higher-paying tenants. This is due to several factors, including the building's desirability, location, and the status it confers upon tenants.

Since trophy buildings are often located in affluent areas and are associated with prestigious brands or companies, tenants are willing to pay a premium for the prestige and visibility that these buildings offer. Additionally, the amenities and services provided in trophy buildings are typically superior, further enhancing their appeal to high-profile tenants who can afford higher rental rates. The result is not just increased rental income for property owners but also lower vacancy rates, as these properties consistently draw interest from businesses seeking to enhance their image in the marketplace.

While the other options present considerations that might relate to buildings in general, they do not capture the primary advantage unique to trophy buildings. For instance, maintaining a trophy building may not necessarily be cheaper, and energy efficiency can vary widely among different buildings regardless of their status. Renovations might also be a substantial undertaking in trophy buildings when changes are needed to keep up with market expectations or tenant needs.