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Given the current economic realities, renovating your existing facilities now will offer the best returns for your construction dollar. In the life cycle of buildings, there is always a next use. Buildings outlive business fads, economic cycles, and demographic shifts. One thing is certain, a building will change its use over its lifetime. Over the past 26 years monighandesign has given new life to more than 800 existing buildings. monighandesign can add economic value to your existing building, making it more profitable to lease and more profitable to operate. This is excellent news for building owners in this tightening lease economy, where tenants have increased leverage. Building owners can benefit from enhanced marketability and tenant perception of their existing facilities by choosing to do building facelifts, rebranding and green/sustainable renovations now. The leasing market will be tenant driven for the next few years. Many tenants are adopting Green Building mandates as part of their business Mission Statements, and are choosing lease space based on Sustainable/Green building performance. Owners of Green Buildings will have a distinct market advantage. Many local, state and federal agencies are now requiring a “Green Building” as a condition for new leases and lease renewals. There are numerous options for public agency leased buildings: Shell and Core certification of Existing Buildings EB, and Operations and Maintenance O&M certification on new and existing buildings. monighandesign can evaluate your building, help you to understand the value of Shell and Core LEED ratings, LEED Existing Building Operations and Maintenance ratings EB-OM, and create a compliance program that will respond to these newly emerging mandatory tenant leasing requirements. |
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2009: Trends- Renovation |
