Supply and demand has been driving our economy since the beginning of time, and the current economic environment brought on by the pandemic is demonstrating once again how creativity, ingenuity, and foresight are turning what should be a surge in supply into commodities that are in hot demand.
Despite Failing Businesses, Demand for Commercial Spaces is Up
The pandemic brought an immediate and abrupt halt to many business operations in mid-March. In the weeks following the initial lockdown, several businesses were forced to close their doors for good while other employers shifted to a heavily virtual workforce. Business models changed, the way people worked changed, and the ways in which goods were transacted changed.
As more businesses closed their doors and other businesses reevaluated their office needs, it raised the question in the developing community of what an influx in commercial properties would mean for existing leases and the economy as a whole. The answer, as we are finding out, may have some surprised some, but demand for commercial spaces in South Florida has remained high even as some businesses are struggling.
Building for the Future
With renewed demand for commercial space comes opportunity for reimagining office, retail, and restaurants in a way that sets them up for success in the current and post-pandemic world. As commercial spaces continue to get snatch up, here are a few of the ways we’re seeing renovations take shape that meet changing work and consumer behavior:
- Adding walls and segmenting pre-existing lease spaces to create multiple leasable properties within what was once just a single unit.
- Updating existing floor plans to create greater distance between spaces as well as improving the layout and flow of offices, restaurants, and retail stores.
- Creating pandemic-friendly restaurant designs – kitchen appliances are expensive, but in the midst of heavy restaurant turnover, owners can save money on appliances by keeping the hood, which is usually the most expensive part of kitchen appliances, and investing money elsewhere on the restaurant renovation.
Commercial spaces are in demand as developers and property owners flex their creative muscles – and we can help. When you’re ready to turn your vision into reality, we have the experience and local expertise to make it happen. To learn more and schedule a free consultation, contact us anytime at Seacoast Construction.
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