We’re considering doing some updates for our shopping center, but we’re still not 100% if the renovations or additions would be worth the investment. Should we do it or wait?
This is a loaded question, but one we encounter quite a bit so rest assured, you’re not alone in your hesitation. A shopping center or mall can be a big project, especially when you have to pinpoint which areas will need work and others that may not. Plus, the size of the property is another influencing pricing factor.
So how do you really know if you’re investment will be worth it?
Unfortunately, there’s no guarantee. The reason why it’s hard to tell is because so many customers are shopping online now that a lot of retailers, across the nation, are taking hits on driving local traffic into the stores.
Now before you start wondering if you shouldn’t move forward, consider the following:
These are only two of many outcomes that could follow and these are the two main reasons why owners move forward with projects. If you’re concerned about making modifications, give us a call about your potential project and let us help you determine if that’s the best way to enhance your building, long term.