With empty retail spaces becoming more prevalent in once-thriving shopping centers, property owners sometimes have to consider alternative uses for these spaces.
Businesses such as self-storage facilities, call centers, high tech firms, or light industrial companies may find those empty spaces desirable. In many cases, though, local officials need to change zoning ordinances to enable these new uses.
In such cases, it’s critical for officials to act fast, according to a Michigan real estate specialist quoted in a GlobeSt article. After about 18 months, an empty big box becomes very financially burdensome to maintain and the property can deteriorate.
Of course, the easiest and quickest way to fill a large empty retail space is with other retail. The U.S. has more retail space than it needs, so that option is not always tenable. In such cases, local officials who act quickly on zoning can be a huge help in getting the space filled.
Related Stories
| Jun 28, 2012
Following spate of skyscraper balcony glass panel breakages, Ontario adopts code change
Ontario's housing minister announced new building code rules to help prevent glass panels from breaking off high-rise balconies during hot weather.
| Jun 28, 2012
Factory worker deaths in Italy raise questions on building codes after earthquakes
Italian officials are questioning seismic building standards and inspection procedures in the aftermath of two damaging earthquakes.
| Jun 21, 2012
Brazilian engineering/construction firm Odebrecht sues Florida over ban on companies doing business in Cuba
Odebrecht Construction Inc., a Brazilian engineering and construction company, is suing the State of Florida over a new law that bans governments from hiring companies with business ties to Cuba.
| Jun 21, 2012
String of shattered glass balcony panels prompts call for code reform in Ontario
Since last summer, glass balconies have shattered at 13 different buildings in Toronto.
| Jun 21, 2012
California adds window film to building code
California is the first state to add window film into its building code. Window film, a polymer material, offers cost-effective energy savings.
| Jun 21, 2012
New ISO standard to improve environmental management of concrete
A new ISO standard will help the construction industry better manage the environmental impacts of concrete.
| Jun 21, 2012
On net-zero projects, Building Teams will be held accountable for energy-efficiency performance
The building team will be held accountable for how net-zero energy buildings perform two, five, and maybe ten years after completion.
| Jun 14, 2012
USGBC co-founder launches rating system for building product manufacturers
U.S. Green Building Council co-founder David Gottfried’s new venture, Regenerative Ventures, has established a rating system for building product manufacturers.