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These days, ever more unique spaces are becoming a part of the real estate market. From micro-units in converted malls and factories to apartment complexes born from stained-glass churches, the way that investors, developers and buyers are viewing space potential is changing.
In order to stay up-to-date with all of the potential changes, investors and developers need to stay quick on their feet and flexible. Yet, there’s much more to be considered in the process as well. To help, 11 members of Forbes Real Estate Council share what they believe is the most effective way for investors or developers to adapt to the changing use of commercial spaces.
11. Incorporate Latest Technology
We constantly seek to incorporate the latest technology and functionality into developments to ensure their long-term viability. We also look for ways to increase flexibility in how space can be utilized or adapted in the future to avoid expensive improvement costs. Simple things like conduits for future fiber, communication or electrical lines as technology evolves creates savings and utility. - Aaron Mesmer, Block Real Estate Services
Full Article: https://www.forbes.com/sites/forbesrealestatecouncil/2019/01/28/11-ways-investors-and-developers-can-adapt-to-the-changing-use-of-commercial-spaces/#36d3809d6c40