3 Benefits of Efficiency for Income-Producing Properties
One of the prime targets for efficiency retrofits is income-producing property. You can give yourself a leg up on the competition if you demonstrate for your prospect the many ways in which your project will make their building more competitive, profitable, and valuable. Here are some of the many benefits you may choose to work into the discussion:
1. More competitive:
Lower occupancy cost positions the building as more cost-effective for tenants
Enhanced comfort and productivity improve tenant retention and building reputation
Sustainability provides marketing advantage
More profitable:
Better tenant retention and attraction increase revenue while reducing cost of tenant churn
Lower vacancy rates yield higher rental revenue
Lower tenant utility bills provide opportunity for higher base rents
More valuable:
Rental revenue (from above) increases cash flow
Lower operating costs increase cash flow
Higher Net Operating Income (NOI) supports higher appraisal
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Published on July 26, 2017 05:00
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