When businesses outgrow their current location they have a few options. They can look for other buildings for rent to move their business to, they can search for buildings for sale to renovate, they may find land to build their own building on, or they may choose to look at a build to suit alternative. Build to suit offers more benefits over the other options such as endlessly searching for buildings for rent. Read below to see some of the benefits of this option.
Location
The location of a build to suit office building is usually in a high traffic area. The growth rate of these areas is usually explosive. Traffic can easily access the location and those passing through usually have easy access as well. New features attract more prospects to the location.
New
It’s new. It has the most modern technology and systems. Air conditioning and plumbing systems are typically new, meaning years of use without any problems. Lighting and electrical are relatively which gives a peace of mind due to reliability.
Brand
When choosing locations, site selection is important but build to suit offers the chance for companies to brand themselves to the public. Build to suit property for sale means that office space can be customized to help customers remember them. Walls can be a different color besides white and design options are plentiful when it comes to design.
Fixed Rate
With build to suit the financing is defined as a fixed rate. Once land acquisition has been attained and building construction companies have been sifted through and selected, the building process begins. Once the project is completed the rent is adjusted to reflect the actual costs incurred during the construction process, but the amount to pay will be the same each month.
Build to suit is a long term investment, but it eliminates the need to have extensive capital to build a business. It offers new and innovative space and amenities and it reduces the burden of risk for the business owner. Instead of looking to purchase land, searching countless buildings for rent or trying to renovate someone else’s left over building explore your options with build to suit, you may be happy you did.