Does Having an Amenity Center Increases the Value of Your Commercial Property?

6/19/2021

Commercial properties by themselves are nothing but large concrete structures with not much to offer. Many property owners may not know the best way to add more value to their commercial real estate. How can you add more value to your commercial property? Is adding an amenity the answer?

Amenities in commercial properties can be one of the best ways to increase your property’s value, revenue, and customer loyalty. Adding coffee shops, fitness centers, daycares, among other amenities can provide your commercial property with the financial boost it requires.

D’Lauro & Rodgers can provide you with all of the services you need to add an amenity or amenities to your commercial property. Thanks to our decades of hands-on experience, we can provide you with nothing but high-quality services. To learn more about how we can help you build an amenity in your commercial property, call D’Lauro & Rodgers today at (215) 542-0100.

Can I Increase the Value of My Commercial Property with an Amenity Center?

The real estate industry is always evolving. Rapid changes in this industry are not surprising to as new generations and trends emerge. However, a common denominator within the industry is the value of adding amenities to commercial facilities. There are many different types of commercial properties, all catering to different demographics. Each of these demographics has its unique needs and demands. For example, office spaces may require specific amenities to provide their workforce with a relaxed and entertaining space to increase productivity. An apartment building for single families may require a very different approach in terms of its amenities.

One thing is clear: amenities can increase your commercial property’s value. As a general rule, the more amenities aimed at your specific market, the more value can be added to your property. For example, suppose you are running a gym. As your business picks up steam and you get more clients, your revenue may increase. However, you only provide the necessary equipment for training and nothing more.

Now, compare your situation with a competitor who installed air conditioning units, large TV screens across their gym, free high-speed internet, fully equipped bathrooms, lockers, a juice bar, and a coffee station. All of these amenities can go a long way in terms of your commercial property’s success. In addition, small increments and adding amenities over time can increase your new commercial property’s value and establish a solid rapport with your clientele.

What Amenities Should I Add to My Commercial Property to Increase its Value?

Adding amenities to your commercial property requires careful consideration of different elements. First, you need to consider your commercial property’s purpose. Adding valuable amenities that work in unison with your property’s intended purpose can steer you in the right direction. Moreover, you need to consider your clients’ needs and demands. This means adding an amenity or set of amenities that can make your clients’ lives easier and their presence in your property more enjoyable. Finally, it is essential to determine which type of amenity you will add to your property (physical or service). Some of the amenities you can add to your commercial property to increase its value includes the following:

Coffee Shop

The coffee break is universally known for having a soothing, relaxing effect. People who enjoy this traditional beverage use their coffee break to take a break from a stressful day. Others may use a coffee shop to get work done, invite a friend over for a nice chat, or simply enjoy the environment these places provide. Why let your clients drive away to a coffee shop when you can provide this amenity in your commercial property? Adding a coffee shop to your commercial property can go a long way. You can add more value to your property, attract more clients, and increase your revenue.

Fitness Centers

If you have a large commercial space and want to increase its value, a fitness center may be an excellent option to explore. Today more than ever, people are more conscious about their physical, mental, and spiritual health. A well-developed fitness center can provide a space where your clients can train and improve their overall wellbeing. It is essential to consider all of the elements that may play a significant role in your fitness center. From clean towels, showers, and bathrooms, to excellent audio and visual concepts, a fitness center can improve your commercial property and make it more valuable.

Outdoor Amenities

For many years, indoor meetings, dining, and happy hour was the general rule. Today, there has been an emerging trend taking over many commercial spaces: outdoor seating areas. These designated outdoor areas provide people with a different approach to a traditional activity. Many people use outdoor seating in restaurants, gyms, and apartment buildings to conduct a casual meeting, grab a quick bite, or have a casual drink with co-workers. Placing comfortable seats, umbrellas, and elegant tables in a designated area away from the noises associated with indoor seating may add more value to your property.

Dry Cleaning Services

This may not sound like a cutting-edge amenity to add to your commercial property. However, laundry services are a necessity for everyone. You can take full advantage of this need and turn it into added value to your commercial property. Dedicating a space in your property to on-site laundry services can add a lot of value to your property. Additionally, you can see an increase in your overall revenue while you save money on your utility bills.

You may not be able to provide your clients with every kind of amenity imaginable – and you do not have to. As we mentioned, tying your commercial property to amenities aimed at your target market can let you know which amenities may work best for your business. However, it is essential to think about the added value amenities can provide to your commercial space and think of ways to make it happen. Adding amenities to your commercial real estate not only can increase your property’s value, it can also increase your revenue and your customers’ loyalty.

Increase your Commercial Property Value with D’Lauro & Rodgers

D’Lauro & Rodgers bring more than thirty years of experience, collaboration with the commercial industry’s top contacts, and ironclad integrity to every project we manage. Call our offices today to schedule an appointment with our professionals. Our office number is (215) 542-0100.

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