Law Office of

HENRY B. LaTORRACA

Civil Trial Attorney

Experience-based design adds value to commercial real estate

| May 3, 2018 | Uncategorized |

Commercial property developers in California can gain a competitive edge by expanding their design criteria. Tenants from high-value brands and investors could emerge when designers create an experience for tenants and patrons. This concept draws upon the highly detailed experiences crafted by theme park builders who strive to engage the senses of visitors. Buildings that stand out from traditional structures have the potential to become destinations.

Even properties meant for office space or retail can benefit from a design that goes beyond the primary purpose of the development. A nautical theme at a property near the coastline could increase its appeal to investors and renters. A building with an industrial aesthetic might excite startup companies seeking space that has a modern and technological feel. Details like birdsong piped through a building-wide audio system could bring the sounds of the outdoors inside. Essentially, designers who promote an emotive experience offer greater value to the people who will occupy the buildings.

Technology plays an important role as well in distinguishing a development from competitors. The concept of smart buildings remains a luxury, but it could become a necessity for tenants at some point in the near future. A strong technological infrastructure to manage IT, security and automated experiences should form the core of new buildings so that they can meet the demands of modern tenants.

Every commercial real estate project involves substantial commitments of time and money. A developer could benefit from legal guidance. An attorney could assist with due diligence when acquiring property or hiring contractors. Issues such as title disputes or construction litigation might be resolved through the efforts of an attorney.

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