Property sites which can easily adapt to change are much more likely to last over the long haul. Property design which can accommodate future use will reduce redevelopment cost and increase property value.
Several case studies are listed by Bohler – one example is a data center building. By adding recessed loading docks to the property, it enables a different future use—a distribution facility. Another example is a development site layout that allows the owner to build either an office building, hotel, retail or combination of several. The developer has the ultimate flexibility in selecting future tenants.
Change is constant and should be taken into great consideration when looking at properties. How adaptable is your space and building? Contact GE Grace for expert real estate insight. Call us at 646 312 6800 or email Grace@GeGrace.com.