The death of the shopping center has long been lamented but a Colliers International report…
When commercial real estate firms work with civil engineering firms to plan a new project, there are numerous criteria to be considered, from site selection and planning to construction and development. But what about the people who will use the site? Of course you have tenants in mind, but thinking about your project holistically can deliver a greater success than you or your tenants could have dreamed of.
Planning for the People
It’s crucial to remember the importance of people when planning a commercial real estate development, the people who are going to use that site, whether it’s for work, to live, to play, or just to be. In Denver, like the rest of the country, people place a high value on experience. It drives where they spend their leisure time and their money. When commercial real estate developments that include retail space, residential space, office space, and public spaces meet that need for experience, they may be more likely to find success.
Think Outside the Box
When commercial real estate firms cultivate the right mix of tenants, from retailers to hotels, coworking spaces, and more, people will come because they want to be there. Take a big picture view of your commercial real estate development project instead of focusing on the details like ruling a tenant in or out based on say, credit rating. Yes, those things matter, but sometimes, taking a chance can deliver a greater return for both sides than either thought possible. With the right tenants, even if maybe they’re not ideal on paper, you can leverage that experience into community because people will flock to you. And that community will keep it going because a community takes care of its own.
Contact a Commercial Real Estate Developer Today
It’s great to build spectacular commercial real estate developments but without the people who will use them, is it really a success? Perhaps, thinking about who the final users of your commercial real estate development project might be earlier in the process can guide you toward making decisions that support those users. Civil engineering firms consider things that people need like green space and public transportation. Find a way to incorporate these elements in your design to attract diverse crowds. contact CenterPoint Integrated Solutions today to get the best of a civil engineering firm and a commercial real estate firm all in one.