Have you pondered the idea of renovating your commercial building or business, but you just aren’t sure if it is a worthwhile endeavor at this point? Continue below to learn the top 3 signs that suggest now is the right time to renovate your business, plus a bonus tip on where to get comprehensive commercial general contracting and remodeling service near you.
Commercial General Contracting Indianapolis Indiana 317-253-0531
How to Evaluate Your Surroundings to Gauge Your Need for Commercial Renovation
It is no small feat to run a business, so the idea of adding a commercial renovation to an already-growing To-Do list can feel quite stressful, to say the least. However, commercial renovations are an important part of growing and enhancing your business. With the right Indiana commercial general contracting team, you won’t have to worry about how your business’s daily operations will be affected, nor will you need to sweat the budget. A qualified commercial general contractor knows how to deliver streamlined remodeling or renovation project that meets the budget, as well as all other detailed specifications of the job.
Looking For the Signs
To gauge your need for a commercial renovation, start by looking around and asking yourself some important questions. Here are the signs to look for:
Your Current Business Layout is Obsolete
Like all things in life, your business is bound to change overtime. Ask yourself if the current design or layout still works well for your business. Do you have a lot of unused space? Do your employees mostly work remotely? Do they work in groups? Have your operations changed? Do you have updated technologies that enhance customer experience or business operations? A renovation can revamp the flow and efficiency of your space to meet your current design needs.
Your Building Does Not Match Your Brand
Have you recently rebranded? If you are occupying an older building, it can sometimes be a challenge matching your new brand to the overall look and feel of your space. A renovation can help balance your business’s culture with the available aesthetics, from signage and paint palettes to interior layout, technology applications, and more.
Super High Utility Expenses
There is no getting around to paying for the utilities necessary to occupy and operate your business space. But if your utility expenses are putting a lot of pressure on your books, it may be a sign that your building needs some updating. From energy-efficient building materials and power systems to green construction improvements and more, incorporating these upgrades can instantly lower your utility costs and may even qualify you for governmental grants and tax credits.
Are you ready to learn how easy it is to enhance the overall efficiency and operations of your business through smart commercial renovation?Contact BAF Corporation at 317-253-0531 for a one-stop-shop solution to full-service commercial construction management in Indianapolis, Indiana. From start to finish, our teams handle it all.
Every business professional knows the value of documentation. When it comes to a commercial construction project, the same administrative principle applies. Modern technology has allowed construction managers to improve their scope of documentation during the building process using technologies like drones, videography, and even photography. That’s right, snapping strategic photos of the commercial construction site can benefit the building process by improving efficiency, quality, communication, and much more.
Continue below to learn the top 5 ways you can use photography to enhance the success of a commercial construction project, plus where to get trusted commercial general contracting services in Central Indiana.
Commercial Construction Indianapolis Indiana 317-253-0531
The Benefits of Commercial Construction Photographic Documentation
Written documentation has its obvious setbacks. But with modern photographic capabilities, contractors, builders, and investors are no longer subjected to paper or electronic methods of documentation. Here are five ways you can apply smart photography to your commercial construction project:
Real Time Progress Updates
Authorities of the build, such as general contractors, investors, and real estate developers, don’t always have time to visit the job site on a daily basis. When they do have time, they can always spend hours upon hours going through every element of the build. Electronically-sent photographs of the job site can be used as a viable and efficient alternative to on-site visits, plus serve as a secure way to verify that progress is in fact happening.
Construction Safety
On-site construction photography can actually improve the overall safety of a project. Taking pictures of unsafe job site conditions, worker habits, or hazards to send to your team is an efficient way to communicate site emergencies and priorities, plus better prevent workplace and construction site accidents.
Liability Protection
As you just learned, smart and strategic photography can increase the level of construction site safety. Since a safer construction site renders less accidents and injuries, you enjoy better liability protection against worker’s compensation and personal injury claims. Aside from injuries. Construction photography can be used as evidence against other types of litigation, such as contractor disputes, landlord disputes, building code violations, and zoning red tape.
Historical Site Data
Construction site photography can provide chronological visual documentation that shows the before, during, and after stages of a construction project. Having such historical data on the construction site can be highly beneficial and informative in all sorts of scenarios, especially in terms of remodels, renovations, and build outs. You can have visual data of load-bearing walls, studs, plumbing networks, utilities, and much more. Not only does historical photogenic documentation make repairs and renovations faster and easier, but it also makes them cheaper.
Local Marketing
Progress photos of your construction build can be used as a marketing strategy to call attention to your company. Local residents and business owners are interested in new additions to their community and will enjoy anticipating an upcoming build. Post your construction site progress photos on social media as a free and effective way to spark curiosity among your market and followers.
Hotel-to-apartment construction conversions are proving to be a viable adaptive reuse of vacant or distressed hotel properties. Continue below to learn how these hotel renovations support the affordable housing initiative, plus what you should consider if you wish to invest in a distressed asset conversion or build-out project as a real estate developer in Indiana.
Commercial Construction Conversion Indianapolis Indiana 317-253-0531
Affordable Housing With Hotel Conversion Construction
Why are hotel-to-housing conversions becoming such a widespread real estate endeavor among developers and investors? There are many reasons, but they all boil down to one key benefit: an increase in affordable housing opportunities. Hotels, motels, and extended-stay establishments were once the height of American recreational and vocational travel, but today, especially due to the effects of the Covid-19 pandemic and the gaining popularity of Airbnb, many have struggled to maintain adequate occupancy, while several others have closed their doors entirely.
Benefits of Hotel-to-Apartment Conversions
In response to the rising demand and falling supply of affordable housing, many real estate groups have acquired distressed or closed hotels, motels, and extended stay suite centers for the purpose of renovating them into a multi-family residential housing development. Such housing initiatives have proven to deliver successful outcomes for both investors and tenants, alike. Accordingly, the adaptive reuse of hotels for apartments serves to be an excellent, long-term solution for the affordable housing problem in our country.
For developers and real estate groups, the benefits of hotel-to-apartment conversions are equally attractive. Hotels are strategically built in efficacious locations, making them prime real estate at their foundation; something investors should easily capitalize on. Generally located near amenities like retail, gas, and interstates, hotels are a viable and practical place for residents to take up long-term occupancy. In fact, such locations are so valuable that many people cannot afford to live there otherwise. With affordable housing conversions, tenants are able to live in a better, safer, more established community, but at a price that is economically-equivalent to or compatible with their incomes.
Then there is the point of price breaks. Hotels, especially extended stay establishments that are equipped with in-room kitchens and kitchenettes, are already built, making it much cheaper to convert a property into individual apartments or condominiums. Hotel conversions can also be applied to senior living and nursing home centers, office suites, student housing, and more.
Factors to Consider
Adaptive reuse conversions and similar opportunities come with some important considerations. First, not all hotels and motels are fit for conversion. Additionally, there will likely be local zoning, permitting, and building codes that must be upheld in specific detail, which can put up a lot of red tape around your project. But with the right construction professionals in your corner, you can appease all factors and related concerns with optimized solutions.
For these reasons and many more, it helps to consult with an esteemed and experienced commercial construction management company for personalized advice on your project goals and overall business objectives. They have the knowledge and resources to deliver the guidance and facts you need to be the most successful with your distressed property acquisition or conversion.
Are you looking for a trusted commercial general contracting company that can deliver outstanding results for your real estate conversion or new build project in Indiana?Contact BAF Corporation at 317-253-0531 for reputable commercial construction conversions in Indianapolis and its surrounding counties.
When preparing for an upcoming commercial construction project, it is natural to steer your focus toward cost. After all, the whole point of building a new property for your business is to expand your profitability horizon. Fortunately, there are several resources available to real estate investors and developers like yourself that can help you gain the perspective you need to move forward with confidence. Below is one such resource.
Review these frequently asked questions about commercial construction costs, then get in touch with a trusted Indiana general contractor who can optimize your business objectives through a successful build.
Commercial Construction Company Indianapolis Indiana 317-253-0531
Frequently Asked Questions About Commercial Construction Costs
What is the Average Commercial Construction Cost Per Square Foot?
It is challenging to determine an average commercial construction cost because all projects are different. The cost of one commercial construction build will be different from the next due to varying factors like size, scope, local zoning, building codes, use of property, and of course, budget.
Above all, the top three factors that typically have the most impact on commercial construction costs include:
▷ Building Location ▷ Regional Climate and Weather Patterns ▷ Local Economy ▷ Architectural Design and Function
As for commercial construction square footage, averages will vary depending on these factors more. However, the average cost of a single-story office may be somewhere along the lines of $160 to $170 per square foot, while convenience stores might run closer to $100 per square foot.
Cost to Build a 5,000 Square Foot Warehouse?
Building a 5000 ft.² warehouse will come with some expected expenses, mainly due to the size of the building, plus the likely scope of function. Many warehouses have to be constructed with temperature and climate control features, as well as storage in cubic square footage considerations. With this in mind, you can expect a 5,000 square-foot warehouse to come in at a base cost of $7.50 per square foot. You may be able to get a cheaper deal if you choose a lower cost warehouse configurations such as the Q model Quonset or similar prefabricated metal buildings.
Are Commercial Construction Cost Projections Estimated or Fixed?
When budgeting your commercial construction build, it is vital that you choose a trusted and reliable commercial construction general contracting company to navigate your project. They have the resources and experience to accurately estimate the total cost of your build, including state-of-the-art cost analysis technologies and long-standing relationships with suppliers and subcontractors. With these qualifications, your commercial general contracting team can provide you with an estimate containing mostly fixed cost projections. This helps prevent cost increases or unexpected additional costs.
With all the revolutionary technologies available to us today, interior commercial construction finishing has widened its scope to provide real estate investors and developers with several viable options. Continue below to learn the top four commercial construction interior finishes applied in the, plus how to determine which option best meets your overall business objectives.
Commercial Construction Contractors Indianapolis Indiana 317-253-0531
Popular Construction Finishes for Commercial Buildings
Whether you are a real estate developer who is preparing an upcoming build or a commercial tenant looking for a good TI allowance and build-out deal for a potential space, it is strongly encouraged to retain a brief understanding of the most popular construction finishes for commercial buildings. By choosing a commercial construction interior finish that aligns with your company’s goals, you can better meet the needs of your potential tenants or occupants, plus support the overall success of your company in whole.
Which Finish is Right for Your Commercial Construction Project?
So, what are the different interior commercial construction finishes available and which one is right for you? Well, you can custom design your commercial interior finish anyway you like alongside your trusted Indiana commercial construction management team. However, if you are like most, you may be more interesting in a turnkey option. If turnkey is your goal, these 4 construction finishes are a good place to begin your decision-making process:
WHITE BOX
White box commercial construction includes finished HVAC, plumbing, electrical, fire suppression systems, and fire escape accessibility options. It also comes with white walls, plain ceiling tiles, conventional overhead lighting. It does not have any appliances or industrial equipment.
White box finishes are very popular among landlords and multi-tenant real estate developers because they provide a clean slate for potential tenants. The commercial space is completely uncustomized, allowing tenants to choose their own wall colors, flooring, lighting fixtures, shelving, molding, accents, furniture, appliances, equipment, and more.
GRAY SHELL
Gray shell commercial construction finishes are a step down from white box finishing. Think along the lines of a concrete-like interior space. Walls, floors, ceilings, electrical, HVAC, plumbing, fire suppression, ductwork, and similar systems are all expected to be unfinished.
COLD SHELL
Cold shell commercial construction finishing is much like gray shell finishing, but even more scarce. You can expect much of the same environment as a gray shell interior in addition to no wall dividers or bathrooms.
FINISHED
Finished commercial construction interiors are completed and all elements and aspects of construction and remodeling. These commercial spaces will include finished floors, walls, ceilings, and all electrical, plumbing, HVAC, ductwork, fire suppression system, sprinkler systems, and more. These are what you call turnkey spaces, which are highly convenient and time-friendly.
From droughts and wildfires to electrical defects, gas explosions, and more, building fires can be caused by a long list of triggers, which may explain why they are a common occurrence all throughout the United States. Structural and biohazardous damages are the wake of a fire accident, making fire damage restoration services a critical resource for commercial real estate owners and investors.
If you are currently planning to outsource fire damage restoration for your commercial property, be sure to include these important considerations in your decision-making process.
Commercial Fire Damage Restoration Indianapolis Indiana 317-253-0531
Commercial Fire Damage Restoration
To come back from commercial property fire accident, you will need a selective and qualified team of fire damage restoration specialists on your side. These commercial general contractors are an essential tool for repairing the damages left behind from smoke, heat, flames, ash, fire retardant, and water. A lot of elements go into the remediation of fire damages, especially on a commercial scale.
Act Fast After a Building Fire Accident
It is important to hire qualified fire damage restoration professionals who are licensed and insured and have extensive experience in the field. Contact them as soon as the fire has been controlled and put out. Time is of the essence when it comes to repairing the damages left behind by a fire catastrophe. In fact, the Institute of Inspection Cleaning and Restoration Certification (IICRC) supports the fact that licensed commercial fire damage contractors are effective sources for large-scale, extreme fire accident restorations. They have the proper equipment, training, licensing, and resources to deliver full-service, fire accident cleanup, demolition, safety inspection, building code compliance, renovations, and more.
What to Keep in Mind in Regard to Fire Damage Restoration Service
Chemicals
Fire accidents generate the production of many dangerous chemicals. Things like plastics and similar synthetic materials leave behind traces of hazardous chemicals, which can be toxic to your health and the surrounding environment. Similarly, burning wood generates heavy amounts of smoke being that it is one of the most combustible materials within a building. Wood smoke is filled with all sorts of noxious chemicals and gases like carbon monoxide, sulfur dioxide, and even heavy metals, which can linger after fire accident.
Acidic Ash Residues
Fires, if they burn long enough, can turn everything into ash and leave behind a thick layer of black soot. After a fire, acidic ash residues are visible on all surrounding structures, including ceilings, walls, floors, furniture, equipment, escalators, elevators, and even within air ducts and plumbing pipes. Because of the high level of toxicity, fire ash and soot must be removed as soon as possible, preferably within a couple of days after the accident. If acidic ash residues and soot from smoke are not treated after a fire, they will begin to discolor and deteriorate all that they cover. Soot in particular becomes harder to remove as time goes on and will even break down metals and glass, causing irreparable damage.
Smoke Odors
Residual smoke odor is another hazardous element of a fire accident. It is important that noxious smoke odors are treated with professional grade equipment like ozone treatment devices and thermal foggers. These technologies penetrate deep within the walls and building materials of the property, including HVAC systems, vents, and air ducts, working invasively to eliminate smoke and fire odors.
Fire Extinguishing
Fires cause an extreme amount of damage, but the methods used to put out a fire can also leave behind messes and damages that require restoration. Fire retardants and water hosing can cause what is known in the industry as secondary damage, which can result in flooding, damp walls, damp floors, water-logged insulation, moisture and humidity issues, mold growth, mildew, toxic fumes, stains, and related hidden damages.
If you are looking for a commercial fire damage restoration contractor in Indy, look don’t need to look any further.Contact BAF Corporation at 317-253-0531 for comprehensive commercial renovations in Indianapolis, Indiana. Our licensed and insured commercial general contractors serve clients all throughout the state.
Are you looking for a new commercial space for your business? If so, you will soon be making the decision between buying or leasing. What are the pros and cons of renting a commercial space versus owning? Does owning come with certain inherit risks? Will renting come back as an economic disadvantage down the road?
Continue below to review some important considerations that will help you decide between buying and leasing commercial real estate.
Commercial Remodeling Indianapolis Indiana 317-253-0531
To Buy or to Rent Commercial Real Estate?
Well, that is the question; isn’t it? Whether you are looking for commercial real estate for a small office, multi-divisional headquarter, retail storefront, café, factory, or distribution facility, your decision to buy or lease will rely heavily on your capacity to take fiscal risks. Here are some of the top considerations to keep in mind when weighing the pros and cons of each option:
Buying a Commercial Space
There are plenty of upsides to owning your own commercial space. Not only will your asset appreciate over time and build you equity, but it will also give you full control over the property itself. In many industries, this level of executive decision-making is essential. With full control, you don’t need permission from a landlord or property management company to do any type of renovation or build-out to your commercial space. On the other hand, you’ll still be subjected to local zoning, permitting, and building codes. Not to worry, this is something your Indianapolis commercial general contractor can take care of for you.
Another prime advantage to owning your own commercial spaces being your own landlord. Not only does this give you more flexibility over rent rate adjustments (as opposed to going through landlord), but it also gives you the opportunity to generate additional income by renting excess commercial space to other tenants. Of course, with owning any type of property, you are typically eligible for certain tax credits and tax breaks, such as interest paid, business expenses (including startup costs), and depreciation of value.
Lastly, owning your own commercial space will provide you with the benefit of an investment safety net. If anything were to happen to your business, such as bankruptcy or closure, you would still have your commercial asset to fall back on. You could choose to sell the property or continue renting it to another tenant or tenants.
Potential Downfalls to Owning:
A large down payment is required to procure a commercial property, typically between 10% and 40% of the property’s full market value. Along with a substantial down payment, you’ll also be subjected to additional financing fees and expenses.
If you have difficulty qualifying for financing, you will be subjected to using unconventional lending sources, which can result in cost-prohibitive interest rates. Furthermore, commercial real estate loans can come with terms and conditions that are with prepayment penalties, including defeasance and yield maintenance.
In terms of investment, commercial real estate procurement always comes with the inherent risk of depreciation rather than appreciation. It is very possible for a commercial property to lose value rather than gain it over time. When it comes time to sell, you could lose money.
Being your own commercial a commercial property owner automatically subjects you to a legal duty of care. Under premises liability law, you will be responsible for any damages and losses incurred by a victim of a wrongful accident that takes place in your property.
Then there’s always the risk of outgrowing your commercial space. If this were to happen, you could hire a commercial general contracting company in Indiana to remodel or build-out your current property. But in some cases, business owners are forced to sell and relocate, which can be inhibiting to business operations, and not to mention, very expensive.
Renting a Commercial Space
Now, let’s take a closer look at the pros and cons of leasing a commercial space. First and foremost, leasing a commercial space is safe much faster process than procurement. This allows you to get your business operations up and running sooner, which in turn starts generating income faster. It is also a lot easier and faster to get approved for a lease than it is for a loan.
Another notable advantage of leasing commercial property is the upfront affordability. Rentals do not require a substantial down payment other than a first month and last month deposit. A rental deposit compared to a down payment is much lower, giving you more capital for starting your business.
As we continue down the list of all the pros to renting a commercial space, you will see a pattern of cost-savings. Renting versus owning will save you a lot of money in terms of maintenance and upkeep. You will not have to hire an in-house custodial service, nor outsource for landscaping, street sweeping, parking lot repairs, and seasonal maintenance work. All of these facility maintenance needs will be incorporated into the total cost of the lease and provided by the landlord.
Leasing also entitles you to certain tax breaks and tax credits. Not only can you deduct your full lease payments, but you might also be able to deduct insurance costs and property taxes.
Potential Downfalls to Leasing:
In some cases of leasing a commercial space, you will pay more in monthly rent than you would in a monthly mortgage payment plan. And since your rental payments are not going toward the goal of outright owning the property at some point, these payments can be viewed as wasteful. Unless you are in a lease-to-own agreement, you will not build equity with your rental payments.
Under a commercial lease, you are not permitted to rent out excess space to tenants. This means you will not have the opportunity to generate secondary income. This is just one way you are under the control of the landlord or property manager. Which comes to our last notable downfall to leasing, you have very limited control over what you can do with and within the property.
Today is the final day of Construction Safety Week 2022. Construction accident statistics in the United States are shocking. And not all victims of construction site accidents are contractors or laborers. Real estate investors and developers are often compelled to visit their project’s construction site, eager to see the progress taking place. But construction site visits can pose several safety risks if you are not adequately prepared.
Continue below to review some important safety tips for visiting a construction site, plus how to protect your investment by choosing the right builders from the start!
Construction Company Indianapolis Indiana 317-253-0531
Do’s and Don’ts of Construction Site Touring
Like any matter that should be taken seriously, construction site touring has its own set of “Do’s and Don’ts” you should follow. As an investor who is awaiting the completion of your new build or construction project, it is understandable that you want to see your vision come to life right before your very own eyes. But before you step foot into the construction zone, it is important that you protect yourself from any danger.
Wear Personal Protective Equipment (PPE)
Personal protective equipment is an imperative element to construction. There is a reason why all contractors and laborers are equipped with gear like slip-resistant steel-toed boots, utility gloves, safety goggles, hardhats, reflective vests, flashlights, and more. As a visitor to a working construction zone, it is important that you protect yourself by wearing the recommended personal protective equipment required for the site.
Aside from personal protective equipment, it is important to dress appropriately for visiting a construction site. Dressing the part can protect you from all sorts of potential accidents and hazards.
► DO NOT forgo personal protective equipment and similar safety measures. DO NOT wear sandals, clogs, heels, scarves, loose clothing, or anything else that can get caught or pose a tripping hazard.
Communicate With the Foreman
The foreman appointed to the construction project is the person you need to communicate with before and during your construction site tour. They will be able to safely guide you through the site because they will have the most knowledge on any potential hazards and unsafe zones.
► DO NOT walk through the construction site without the general manager or foreman. DO NOT show up to a working site unannounced.
Keep Your Hands to Yourself
When you are touring a construction site, it is important to keep your hands and arms inline. There are many dangerous tools, contraptions, machinery, scrap, and debris that can harm you. You can avoid a catastrophic maiming accident by steering clear of your surroundings.
► DO NOT touch power tools or attempt to operate machinery. DO NOT attempt to climb anything, including ladders.
Are you a real estate developer who recently purchased a foreclosed or condemned property? Maybe you’re a real estate investor who has been sweating a stalled commercial construction project? Or perhaps you are a bank owner who has a distressed commercial property on the balance sheets? Either way, the expenses associated with owning and maintaining a real estate-owned (REO) distressed commercial asset can be draining to your bottom line. If you feel like you are hemorrhaging money by owning a foreclosed or deteriorating commercial property, it is time to take action and turn your asset into a moneymaker.
Continue reading to learn 2 effective ways to minimize the various costs of owning a distressed commercial property, plus how to find professional commercial construction company specializing in remodeling and renovation for distressed assets.
Indianapolis Commercial Renovations 317-253-0531
Effectively Managing a Distressed Commercial Property Starts With the Right Help
The two most effective ways to minimize the cost of owning and maintaining a distressed commercial property or asset are: 1) Hire a skilled commercial general contracting company, and 2) Be sure they provide specific services and solutions for real estate-owned (REO) construction.
Without proper planning and preparation, your distressed commercial asset will continue to bleed your bank account dry. It is critical to the overall success of revamping a distressed property to choose a qualified Central Indiana commercial construction company for the job. A licensed and experienced commercial general contractor who specializes in real estate-owned (REO) commercial distressed asset construction and renovation can help you come up with a viable plan that abates further deterioration and sets in motion a system of rebuilding a profitable asset.
What You Should Expect From Your Commercial General Contractor
After finding a qualified and experienced commercial general contracting company in central Indiana to provide your REO commercial distressed asset remodeling and renovation work, it is important that you confirm the services and solutions they are prepared to offer you during the process. In order to effectively turnaround a commercial distressed asset or property, your commercial general contractor should be able to provide the following services and solutions:
► Budget Analysis and Cost Foreseeability Evaluations
Your contractor be able to uncover discrepancies in terms of how much work has been done and how much was paid to previous contractors and subcontractors who did the. Additionally, they should be able to perform accurate cost foreseeability evaluations for all future renovation work, procurement, and post-facility maintenance plans.
►Commercial Construction Management
In addition to providing proper budget analysis and cost foreseeability evaluations, your commercial general contractor should be able to act as your single point of contact for all future projects. They should be able to organize a streamlined system to communicate with all vendors, subcontractors, and procurement companies, including the title company, on your behalf.
►Space Planning and Permitting
When renovating, remodeling, or, knocking down a distressed commercial asset, it is important to ensure that all work is performed in accordance with all local and state regulations, as well as all building code and jurisdictional requirements. Be sure your commercial construction general contractor can work with the proper jurisdictional authorities to provide comprehensive space planning and permitting services on your behalf.
Are you looking for a qualified commercial general contracting team that can transform a commercial distressed asset or real estate development project in Indiana? Contact BAF Corporation at 317-253-0531 for comprehensive commercial construction services in Indianapolis and its surrounding counties.
When you own a multi-unit commercial building, tenancy is critical to your bottom line. The goal, after all, is to acquire and maintain full occupancy, year-round. If you are struggling to keep commercial tenants, some fresh and trending building features may help to attract new ones, even better ones.
Continue below to explore some of the most effective building remodels and additions to consider if you are trying to lure in new commercial tenants, plus who to trust in Central Indiana for superior commercial remodeling work.
Corporate Remodeling Indianapolis IN 317-253-0531
How to Attract New Commercial Tenants Through Building Renovation
Your building is great, but it can be better. This day and age, there are many different approaches to designing the modern office, warehouse, and more. Some of the most revered and proven building features sought out by commercial tenants include on-site fitness centers and spas, snack and dining options, outdoor spaces, natural lighting, wireless coverage, and when applicable, elevators.
On-Site Fitness Centers
It is suggested by many industry authorities that commercial tenants are more drawn toward leases that include access to a gym, fitness center, or health spa. Many people work out, while many others enjoy wellness experiences like saunas and tanning beds. By offering these or similar amenities, you may be able to attract a much larger pool of potential commercial tenants.
Dining Options
Providing easy access to snacks, refreshments, and food is a great way to entice new commercial tenants to sign a lease. Consider adding break rooms or small kitchenette areas within your commercial spaces, or building a whole food court, café, or cafeteria. Vending machines for beverages, coffee, lattes, espressos, and snacks are also enticing.
Outdoor Areas to Work and Gather
No one likes to be stuck inside an office or building all day, especially when it is really nice outside. It is proven that employees are more productive when they can access outdoor areas for work, breaks, meetings, collaborations, and more. This is enticing to business owners looking for a commercial space to lease.
Natural Lighting
Although a dimly-lit space can look cozy and romantic, it is not a compatible ambience for a team of working employees. Natural lighting provides healthy, bright light that is not distracting for employees and guests. You can achieve this by installing larger windows, skylights, and a more innovative interior lighting system.
Wireless Coverage
If you have a particularly large commercial building, the wireless coverage may be spotty in some areas. Tenants have complained about no reception and dropped calls while walking from one location of the building to the next. You can prevent or resolve this problem by installing a distributed antenna system (DAS), which can improve your wireless coverage throughout the building.
Elevators
If your commercial building is only one level, this feature isn’t for you. But for commercial-use buildings with more than one floor or level, one or more elevators is extremely attractive to tenants. For larger buildings with multiple levels and higher occupancy, adding in an adequate number of elevators can improve time efficiency for employees, visitors, and clients.
