3 Facility Upgrades That Boost Commercial Property Value

Commercial property owners are increasingly interested in upgrades that not only attract tenants, but also add real value to properties. With the growing competition in the market and tenant demands, strategic facility upgrades have become necessary to maximize returns. 

When used correctly, strategic facility upgrades can enhance curb appeal, improve operational performance, and make a property a premium choice for tenants and investors alike. Let’s explore some interesting facility upgrades with a proven track record of boosting commercial property value.

Elevating Outdoor Spaces with Commercial Planters

One of the finest ways of appreciating the worth of a commercial building is through efficient landscape enhancement, and commercial planets have been a great asset in this regard.

The impact of quality planters on property value is striking. Well-designed landscaping, including the use of large planters on entrances, walkways, and roof spaces, instantly improves curb appeal and gives a welcoming first impression to clients and tenants. In fact, buildings with improved landscaping can literally command higher rents and enjoy lower vacancy rates, with tenants willing to pay premiums to rent spaces that enhance their business image.

Interestingly, there are many fascinating options available today, including Tournesol commercial planters, which are well-liked because of their range of sizes, materials, and modular configuration. They allow landscape architects and homeowners to create inviting, functional, and lovely outdoor environments. For example, the use of Tournesol’s modular planters on commercial rooftops not only beautifies the area, but also gives usable square footage for social and collaborative purposes.

Integrating Smart Building Technologies

Modern tenants expect efficient, functional, and flexible space that can be modified to suit evolving business needs. Smart features such as automatic lighting, advanced security systems, climate control, and tenant experience apps not only facilitate smoother day-to-day operations, but also significantly add to a building’s market value.

Experts believe that commercial properties with smart systems are better positioned to command premium rents. In fact, it’s found that automated lighting and climate control systems can lower energy consumption by up to 30%. This lowers operation costs and makes the property more attractive to environmentally conscious tenants. Similarly, businesses now look for spaces that are secure and convenient, and this can be achieved through keyless entry and upgrading security systems.

When thinking about upgrading to smart tech, you must consider what your tenants need and what’s special about your property. Kick things off with the basics like automated access control and high-speed internet. Then, you can focus on other additions, such as AI energy management and all-in-one building management platforms.

Implementing Energy-Efficient Upgrades

Sustainability is another important factor having a direct impact on the overall value of any commercial property. Energy-efficient upgrades like solar panels, LED lighting, high-efficiency HVAC, and better insulation pay for themselves upfront and make a property a leader in the green revolution.

Energy efficiency initiatives not only lower bills, but also improve the longevity and resilience of a building. For instance, retrofitting a building with energy-efficient features can boost its net operating income, and by way of extension, its overall value.

However, you must be ready to perform a thorough energy audit to ensure energy-efficient upgrades run smoothly. This way, you will also identify where to make improvements to get better results. Prioritize the upgrades with the highest return on investment, including smart thermostats, LED retrofits, and solar installations.

Endnote

Improving the curb appeal and enhancing your overall property in a strategic way will help you make it more functional and attractive to tenants. Taking these steps will have a direct impact on the overall aesthetic appeal of your commercial building but it will also enhance the way they perform as workplaces for renters.