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Permit Expeditors Keep Shopping Centers Attractive for Consumers

It doesn’t take a decade of experience in real estate development or as permit expeditors to be aware of that one space. You know the space. It’s that space that was a frozen yogurt shop then turned into a karate studio, and then it was turned into a tax accounting office for a couple of months. Spaces like these are a credible risk to the person owning the space or investing in the redevelopment of it. Spaces must remain attractive to retailers and shoppers in order to be viable to the stakeholders investing in the property. This is what makes the market so dynamic, exciting, and terrifying.  Whoever said “beauty is in the eye of the beholder” must have been thinking about real estate development because what makes a property attractive? Here are some ways a space may be attractive:

The Right Look

As market trends change it is important to keep an updated look. Although this seems painfully obvious when answering a question about attractiveness, it is not as obvious when you must deal with local regulating bodies. Materials, equipment and storage requirements can vary by region and negotiating with the city is time-consuming. With all the government requirements it may be tempting to stick with what you already have permitted instead of updating your look.

This is where your permit expediting and entitlement solutions firm comes in. Permit expediting firms are a translator that understands your concept’s vision and also the local codes with the city. Permit expeditors are your key personnel when maintaining or re-vamping a space.

The Right Time

If you have the right look, chances are you won’t for long. The ever-changing nature of consumer tastes dictates you must always be looking down the road. Think about the year 2005. Remember when Best Buy and large retailers like them were the crazes? It was a wonderful moment for big-box retailers, however, today Best Buy is adapting their spaces to fit into kiosk model. So, once you have a great design for today, it is imperative you get it opened as soon as possible. This attracts the best tenants to your space.

A large part of getting your space open for business on time, or before the deadline, is getting your team on the same page. Permit expeditors provide the solution for getting your business open sooner by pushing projects through the city process and negotiating fees on your behalf. Permit expeditors also provide a single timeline for all the teams you’re coordinating to work from.

The Right Price

If you have the right look at the right time the next key to being attractive is the right price. Tenants are not shy about announcing they want the right space at the right price. Seasoned veterans in the industry can attest to deals not working out because they could not come to an agreement with regard to price. Part of offering the right price, for both you and the tenant, is having a solid design and construction team.

Permit expeditors should be a key ingredient to that solid design and construction team for they help keep prices to a predictable level. We can help you assess the timelines, fees, correct materials, and a whole slew of other costs. This helps your budget and keeps you from surprising your tenant later on.

Conclusion

The best-kept secret to keeping your spaces attractive to tenants and customers is the team that handles your permits and entitlements. We know the local zoning and code laws for the region you’re building. We can help you get the right look at the right time, and help you anticipate the right price. We help you keep your property values and safeguard your income.

About: Permit Advisors, Inc. is a nationwide permit expediting, entitlement, and consulting firm based out of Beverly Hills, CA. We have established relationships with municipalities nation-wide and implement time as well as cost-saving strategies to efficiently complete projects. We provide a project management team to ensure every aspect of the project is given specific attention while maintaining open communication between the jurisdiction, consultants, and our clients. We serve retailers, architects, landlords, tenant coordinators, contractors, and franchisees nationwide in the hotel, retail, restaurant, mixed-use, multifamily, entertainment, grocery, and logistical plant development industries. Contact us today for a consultation at www.permitadvisors.com.