When purchasing and/or leasing space, what adds value to a building?
We all have an idea of what makes one commercial building more valuable than another. There are some givens like a large parking lot. Value, however, is often a subjective matter. Whereas a building owner may have invested heavily in features he believes add value, a prospective purchaser or tenant may regard those features as minimally important. Building owners should strive for features which the majority of potential buyers/tenants would regard as valuable. Building Systems At every building’s core are its mechanical systems (i.e., HVAC, electrical, plumbing, sprinklers, etc.). The performance and quality of these systems account for the comfort of the users in the building, as well as related operational costs. Old equipment, which has not been properly maintained, is likely to fail resulting in uncomfortable and disgruntled occupants, also burdened by higher energy costs. In view of the exorbitant energy costs most New York businesses already incur, state-of-the-art, energy-effic
