When it comes to commercial construction, there are many different options to choose from. One option that is becoming increasingly popular is build-to-suit construction. In this type of construction, a developer builds a property specifically for a tenant. This article will explore the benefits of build-to-suit construction in Calgary.
What is Build-to-suit Construction?
Build-to-suit construction is a type of real estate development in which a property is developed specifically for a tenant. The tenant usually has some input into the design and build-out of the space, and the developer builds the space to the tenant’s specifications. build-to-suit construction can be used for office, retail, industrial, or residential properties. It is often used when a company needs a custom space that cannot be found on the open market. build-to-suit construction can also be used to consolidate multiple locations into one new, larger space. In some cases, build-to-suit developers will pre-lease a portion of the space to balance their risk and ensure that the project is financially viable.
Benefits of Build-to-Suit Construction
Build-to-suit construction offers many benefits to both tenants and landlords. For tenants, build-to-suit construction offers the opportunity to have a say in the design and layout of their space. This means that the space can be designed to perfectly meet the needs of the tenant. For landlords, build-to-suit construction offers the opportunity to have long-term tenants. This is because tenants who are happy with their space are less likely to move.
There are many benefits that come with build-to-suit construction, but some of the most notable benefits include:
One of the biggest benefits of build-to-suit construction is that it allows for customization. This means that tenants can have a say in the design and layout of their space. This is beneficial for tenants because it allows them to create a space that perfectly meets their needs.
2. Long-term Tenants:
Another benefit of build-to-suit construction is that it often leads to long-term tenants. This is because tenants who are happy with their space are less likely to move. This is beneficial for landlords because it provides them with stability and predictable income.
3. Increased Value:
Build-to-suit construction often leads to increased value for a property. This is because customizations made during construction can add value to a property. This is beneficial for landlords because it means that they can sell their property for more money in the future.
4. Improved Efficiency:
Build-to-suit construction also leads to improved efficiency. This is because customizations made during construction can make a space more efficient and better suited for its intended use. This is beneficial for tenants because it allows them to get the most out of their space.
Build-to-suit construction offers many benefits to both tenants and landlords. Some of the most notable benefits include customization, long-term tenancy, and increased value. If you are considering build-to-suit construction in Calgary, be sure to keep these benefits in mind!
If you need a commercial building general contractor, contact Astra Construction Management, we specialize in build-to-suit construction and tenant improvements. We would be happy to help you create the perfect space for your business.