Are you feeling cramped in your current office space? Are you starting to see cracks in the walls and ceilings? Are you recognizing a few issues about the current state of your commercial building? If you answered yes to any of these questions, it might be time to consider a commercial renovation project.
Commercial renovation projects can be daunting, but they also offer a lot of potential benefits. By renovating your commercial space, you can create a more comfortable and productive environment, increase the value of your property, and even attract new tenants or customers.
If you’re thinking about renovating your commercial space, there are a few signs that may confirm that now is the right time to take the plunge. Keep reading and learn more about identifying these signs. And, as always, contact the professionals at Jerdon Construction for help planning your renovation project when you realize some of these signs might just apply to your current situation.
1. Your Current Building Feels Outdated
Commercial buildings can often be seen as a reflection of the businesses that operate inside them. If your commercial space is feeling a bit outdated, it could be sending signals to clients, guests, visitors, and tenants that your business is outdated. An outdated appearance can be a clear sign that it’s time to consider a building renovation project. Exploring a renovation project now can help you update your commercial space to match the current trends and styles while creating a more comfortable and visually appealing work environment for your employees.
If you’re not sure, consider sending out surveys to anyone currently occupying the building. Ask what types of improvements your tenants or employees would like to see and what upgrades they deem most important. From there, you can gauge whether your commercial renovation project is more cosmetic or needs to be a design overhaul.
2. Structural Deterioration
Structural deterioration is one of the most serious signs that it’s time for a commercial renovation project. When your building starts to experience structural problems, it can be a major safety hazard for your employees and customers. In addition, structural deterioration can also lead to expensive repairs in the future. Just be mindful of what aspects of your space are starting to show their age more than others. And stay on top of renovations before any slight wear and tear quickly become major repairs or replacements.
If you’re seeing any signs of structural deterioration in your commercial space, it’s important to contact a professional contractor right away. A commercial contractor can help you assess the damage and develop a plan for repairing or renovating your building. By acting quickly and proactively, you can avoid further damage and get started on your renovation project before it’s too late or too costly.
3. You’re Outgrowing Your Current Space
One of the more apparent signs that it’s time to renovate is when you outgrow your current commercial space. If your business is starting to feel cramped and uncomfortable, you likely need more room to grow. A commercial renovation project can help you expand your current space, giving you the room you need to continue growing your business.
Oftentimes, businesses will outgrow their current commercial space long before they start to experience any of the other signs on this list. If you’re finding that you’re constantly running out of room, whether it’s office space, meeting space, storage space, or retail display space, it might be time to consider a commercial renovation project to give you the room you need to be successful.
If you’re not occupying your own commercial space, you’ll want to be mindful of how much growth your business tenants are experiencing. If they feel they’re outgrowing your commercial space, they’ll start looking for a new place to lease. However, if you’re able to renovate the existing space to accommodate their needs, you’ll keep those leases intact.
4. Staff and Visitors Are Having Trouble
Did you know that commercial renovations can also help increase employee productivity? By renovating your commercial space, you can create a more comfortable and productive work environment for your employees. This can lead to a pretty significant increase in employee productivity and a decrease in staff turnover rates. In addition, renovated commercial spaces often look more professional and up-to-date, which can give your business a boost in the eyes of customers or clients.
If your employees are struggling, it could very well be their environment. And be mindful of visitors and customer experiences, too. If guests complain about steep stairs or confusing lobby layouts more often than you’d like, it could be a sign it’s time to consider a renovation project.
5. Your Building Doesn’t Match Brand or Image
Commercial buildings come in all uses, shapes, and sizes, but they should always match the brand, image, and aesthetics of the business inside. If a commercial building doesn’t fit the look and feel of the company it houses, it’s time for a renovation project. A well-renovated commercial space can help improve brand awareness and create a more professional appearance for your business. In addition, a renovation project can also help you update your branding or image to match current trends.
6. You’re Looking to Diversify the Commercial Space
In some instances, a commercial building could be redesigned for more optimal usage, value, and diversification of occupants. Maybe you want to build a storage building or warehousing capability. Perhaps you want to divide a larger structure into smaller, leasable spaces for multiple occupants. If you’re exploring ways to add value and purpose to your current building, a commercial renovation can help you introduce all kinds of new solutions and uses.
7. Your Business District or Neighborhood Is Upgrading
As businesses, we often look to our neighbors for cues on when it’s time to make a change. If you’ve been noticing that all the other businesses in your neighborhood or business district have been upgrading their spaces, it might be a sign that it’s time for you to do the same. A commercial renovation project can help you update your space to match the current trends and aesthetics of your neighborhood in line with other companies in the area.
Of course, you don’t have to match everyone’s designs, detail for detail. However, if your commercial space remains unchanged, it will likely stand out on a crowded street with modern designs, fresh storefronts, and updated commercial spaces. If you can’t justify a major renovation, you can at least make small updates in phases to avoid looking like the “old timer” in the business district.
8. You’re Just Ready for a Change
Instead of following suit with your commercial property neighbors, maybe it’s time to consider a commercial renovation because you’re just ready for a change. If you’re the disruptor within your community, always first for new aesthetics and modern updates, it could be the perfect time to scope out plans for a major renovation. Breathe new life into your space with an open floor plan or unique layouts for commercial tenants. Or expand and increase your presence with the development of additional square feet. Whatever you envision, you can bring it to life with a fresh renovation.
Did any of these reasons pique your interest? There’s never really a bad time to consider a commercial renovation project. And if you’re convinced that you’re ready to move forward with planning yours, let Jerdon Construction be your guide!
