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
| Jan 26, 2012
Earthquake 'fuse' could save buildings during temblors
The idea is to use an earthquake "fuse" that can prevent the tiny fractures and warps that make structures unsafe after a quake and very expensive to repair.
| Jan 26, 2012
HPD open materials standard for green building materials gains momentum
GreenWizard, provider of a cloud-based product management and project collaboration software, is the latest industry participant to sign on
| Jan 26, 2012
Siemens launches smoke detection knowledge center
New knowledge center web site demonstrates efficacy of smoke detection.
| Jan 18, 2012
Chile's seismic code upgrades credited with saving lives in 2010 quake
Since 1960, when Chile suffered a 9.5 magnitude quake, the largest ever recorded; the country has steadily improved building codes to protect lives and property.
| Jan 18, 2012
Report analyzes residential hurricane codes in 18 states
The Insurance Institute for Business & Home Safety (IBHS) released a new report analyzing residential building codes in 18 hurricane-prone coastal states along the Gulf of Mexico and the Atlantic Coast.
| Jan 18, 2012
Death in Chicago high-rise apartment fire blamed on fire code
The death of a Chicago woman who stepped off her elevator into a blazing inferno last week has underscored the need for fire sensors in elevators.
| Jan 18, 2012
California approves open cell spray foam for energy efficiency standards
The California Energy Commission (CEC) now recognizes open-cell spray foam as an accepted insulation in its 2008 Building Energy Efficiency Standards.
| Jan 5, 2012
Building to LEED standards now an 'easy call' from cost standpoint
Once seen as a cost burden, building to LEED standards is now an "easy call," according to Dan Probst, chairman of energy and sustainability for real estate management and development firm Jones Lang LaSalle.
| Jan 5, 2012
Minnesota's GreenStep Cities program aids communities in winning grants
GreenStep Cities, a Minnesota initiative, was designed to provide greater recognition to the state's communities for achievements in meeting sustainability standards and goals.
| Jan 5, 2012
Some ADA accessibility rules change in 2012
Some changes to the Americans with Disabilities Act go into effect beginning March 15, 2012.
