The Importance of Renovations for Light Industrial Buildings
Renovations are very valuable for commercial real estate for a number of reasons. But specifically, they are invaluable to light industrial buildings for owners and occupants - and even transforming otherwise standard commercial buildings into light industrial facilities!
Every businessperson should know that researching and carefully considering business trends is critical to company growth. A current, general, modern U.S. business trend is transforming buildings into light industrial facilities. This is for several reasons:
- Marketability (light industrial renovation makes a building more attractive to certain prospective tenants)
- Modern expedited transportation needs (customers today want more, and faster, distribution facilities, requiring more docking options)
- Smaller robotics and machinery (allowing for more, smaller, manufacturing options throughout the country)
- Transportation infrastructure challenges (causing slower delivery times from traditional transportation hubs and vehicles)
- Overall additional small warehousing needs
- Post-Covid emphases on increased locations, buildings and local production
- Adaptability for the building’s future (because of overall business trending)
- Overall building flexibility for tenants
- Specific industrial equipment installations and requirements
- Docking needs
- Office locations and requirements
- Laboratory equipment and overall needs
- Freight elevators
- Special HVAC installations (such as ventilation needs for specific equipment)
- Additional electrical requirements (for industrial equipment)
- Meeting building certification needs
- Understanding and meeting zoning restrictions
- Multiple floors
- Building adaptability for the future