Take Advantage of Adaptive Re-use of Commercial Real Estate

As the commercial real estate market rebounds, new opportunities are developing for adaptive re-use of many buildings. A major source of these opportunities is developer and government interest in revitalizing stagnant urban settings.

Adaptive Re-use

Older existing buildings originally designed for one purpose can be adapted for a new purpose after renovation. While many cities in the Midwest, with somewhat shabby commercial areas, have been leading the way for adaptive re-use, many western locations also benefit from this popular technique.

Investor Benefits

Adapting existing structures to new uses, while improving the look and feel of a city, also delivers multiple benefits to investors. In many cases, it doesn't matter whether investors target occupying the new locations or seek long-term tenants. This is a win-win situation.

• Older buildings are often attractively priced, particularly if vacant.
• Renovation focused on adaptive re-use results in new systems installed per current code.
• Adapting an older building, modernizes interiors, generating increased commercial real estate values.
• Developers often benefit from additional opportunities in the immediate area of the adaptive re-use structure.

If you are thinking about adaptive re-use for a building you own or contemplate buying in the west, contact Parkwest General Contractors. If you need help in the Western US, please contact Ed LaCivita or Craig Sullivan at Parkwest General Contractors. West Coast experts on commercial and hotel facility construction and renovation, Parkwest General Contractors also offers value engineering, design reviews, feasibility studies, estimating and project management. When you're ready for the best advice and development services, particularly when buying or selling hotels, talk to Parkwest General Contractors.