Planned schedules of maintenance allow technical and functional changes to be made as part of ongoing works. Not only does this avoid unnecessary remedial work but it helps landlords to save money in the long term. A good property manager like Curchod & Co will structure and follow a timetable of checks and will be able to advise opportunities to update facilities. In this way, your commercial property will uphold its value to tenants.
Technology is an incredibly fast-moving industry and one which can be unpredictable when it comes to looking forward. Although different sectors will have different requirements, their needs for a basic space tend to be universal. At its most essential level, therefore, the key to future proofing a space for technology is to introduce or maintain flexibility. Not every business will require an entirely smart working environment, but if they do this should be possible within the technical infrastructure that you have in place across a whole building. Wireless technology and resilient internet connectivity are an absolute must for all businesses. for long-term tenants.
Infrastructure means more than just technology. Lighting, heating and cooling are features of a space which are often taken for granted by tenants. However, this does not mean that they should be overlooked. Especially considering the UK’s ever more extreme weather patterns. Energy efficient systems mean reduced expenditure, and can also mean that a workforce is able to perform more productively. In turn, you are more likely to retain a good tenant. Environmental systems rely on regular maintenance to remain effective. This side of management is often much more cost effective and agile when managed by a property professional who runs a timetable of these activities across a portfolio of buildings.
It’s not just financial gains which can be made by installing energy efficient systems across a commercial building. The ecological impact of a building is something which is a deciding factor for many modern businesses when they choose a head office or regional hub. This is something that is incorporated as standard amongst new builds but can also be achieved during a refurbishment of an existing building. These features often attract an increased price tag on letting a space, so are often well worth the initial investment. Even comparatively small features can enhance prospective tenants’ environmental appeal. This is clear when you look at the increase in spaces offering recycling systems, bike storage and communal spaces.
Rapid advances in technology and the evolution of professional working environments are not the only challenges when it comes to future proofing. The regulatory agenda with which landlords must contend is also an evolving aspect and one that is challenging to keep up with. Knowledge of legislation is a major benefit to utilising a firm such as Curchod & Co to ensure that you don’t get caught out.
Refurbishment is a crucial time to incorporate sustainability projects and technological upgrades which provide a better service for the tenant and add value to the property. From ensuring you have energy efficient lights to having proper building insulation, the effective ongoing maintenance of your commercial building will form a foundation for the future.