Retail property doesn’t stand still. The expectations placed on commercial units have changed significantly over the last decade, from energy performance and accessibility to technology, power requirements and the overall experience a building provides for customers and employees.
For landlords with older retail units, that can present a challenge. Around 70% of the UK’s non-residential building stock was constructed before 2000, meaning a significant proportion of commercial property was designed before many of today’s energy, technology and operational requirements became commonplace.
An ageing unit can become more expensive to maintain, less efficient to operate and, ultimately, more difficult to let. But futureproofing doesn’t necessarily mean knocking everything down and starting again. With the right approach, targeted refurbishment and improvement works can extend the life of an existing building, improve its appeal to prospective occupiers and help protect its long-term commercial potential.
At Majestic Construction, we work with retailers, landlords and managing agents to deliver refurbishments, fit-outs and construction projects safely, efficiently and with minimal disruption.
Here are five areas landlords should consider when planning for the future: