– Why Building Owners Need to Stay Ahead of the Curve –
Redevelopment of existing office buildings will be necessary to meet the ever-changing demands of the commercial marketplace.
There is strong evidence to suggest that approximately 80% of the nation’s commercial building stock will still be standing for the next 10 to 15 years.
Using this knowledge, agents can identify building improvements that will allow developers to maximize the value of their commercial property portfolios. Energy efficiency, accessibility and functionality need to be kept up-to-date.
There are now smart building technologies geared toward the retrofit market. These products and technologies are designed to improve energy efficiency in key areas such as heating, cooling and electrical systems. Developers can find valuable cost savings as a result of the improved efficiency.
Accessibility and functionality have always been hot-button issues. As the population ages and the workforce becomes more diversified, it has become increasingly important for property owners to adapt to meet the needs of their employees and their customers.
As building owners and investors strive to adapt to changes in the workplace, improvements have become an essential element to secure the growth of any business.
By ensuring that your properties are efficient, accessible and functional, you will increase the potential for profit in your commercial building portfolio. The process will save money and create an environment that will foster higher tenancy rates and improved customer satisfaction.
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