Revitalizing Aging Small Bay Industrial Properties: Practical Strategies

on


 Revitalizing Aging Small Bay Industrial Properties: Practical Strategies

Over time, small bay industrial properties can show signs of wear, potentially impacting tenant satisfaction and property value. Implementing targeted improvements can rejuvenate these facilities, enhancing their appeal and functionality.

 

Cody Payne, author of Flex Space Domination, says:
"Revitalizing older small bay industrial properties isn’t just about maintenance—it’s about creating a competitive edge that tenants will pay a premium for. Strategic amenities like mezzanine buildouts, upgraded glass-front entries, high-visibility monument or building signage, and—if extra land allows—dedicated storage side yards can make your park stand out. These upgrades not only boost curb appeal but also open the door to higher rental rates, stronger tenant retention, and a more valuable property overall."

 

1. Exterior Enhancements

  • Fresh Paint: Applying a new coat of paint can dramatically improve the property's appearance, making it more inviting to current and prospective tenants.
  • Landscaping: Maintaining clean and well-organized surroundings, such as parking areas and entrances, contributes to a positive first impression.
  • Lighting Upgrades: Installing modern, energy-efficient lighting enhances safety and aesthetics, particularly during evening hours.

2. Interior Improvements

  • Flooring Maintenance: Repairing or replacing worn flooring ensures a safe and professional environment.
  • Lighting: Upgrading to LED lighting can improve energy efficiency and provide better illumination for workspaces.
  • HVAC Systems: Ensuring heating, ventilation, and air conditioning systems are functioning optimally enhances tenant comfort and reduces energy costs.

3. Structural Repairs

  • Roof and Wall Integrity: Addressing leaks, cracks, or other structural issues prevents further deterioration and maintains the building's integrity.
  • Loading Docks and Doors: Ensuring these critical components are in good working order facilitates smooth operations for tenants.

4. Functional Upgrades

  • Space Reconfiguration: Modifying layouts to better suit tenant needs can increase occupancy and satisfaction.
  • Technology Integration: Implementing modern security systems, such as surveillance cameras and access controls, enhances safety and attracts quality tenants.

5. Amenity Upgrades

  • Upgrading for the future: Upgrading the buildings exterior with strong signage opportunity and even glass entry can be huge and can also open the door to a more diverse tenant pool.
  • Extra Land?: Don't sleep on extra land, with more tenants need additional parking and outside storage, this can be one of the best game changers in the market place.
5.

Comments

Post a Comment