Commercial real estate is a competitive market, so any advantage an owner can secure enhances the ability to show a return on investment. JL Architects can offer you that advantage through the storage and management of your leasing data.
Benefit #1 – Reduced Cost per LOD and per Square Foot
We are frequently asked by clients to measure and verify a vacant space and prepare a “Lease Outline Drawing”, known as an LOD. LOD’s are used for marketing, or as a lease attachments. We encourage our clients to lower their incremental costs by documenting all available spaces at one time. We use that information to build a graphic database of the entire asset.
Benefit #2 – Free Updated Database
As the deal progresses, the same information is used as the foundation for future construction drawing projects. Once the drawings and construction are complete, that information still has value. JLA uses it to create a perpetual as-built model for your property including the walls, doors, and utilities such as electrical service, gas, water and HVAC.
Benefit #3 – Lower Cost per LOD and Speed to Market
As a case study, let’s use a multi-tenant shopping center. We aggregate all the information about the base building into a single database. As spaces become available, we create LOD’s for those spaces and expand the database. That database is used for new LOD’s as spaces become available, combined or subdivided. That happens in hours, not days, and is at a substantially reduced cost.
Benefit #4 – No More Field Verification Costs
Once the lease is signed we prepare construction drawings for the new tenant’s alterations. Those modifications are added to the database and are ready the next time the space is vacant, or the tenant is relocated.
When a tenant space becomes available, we isolate that individual suite or combine it with others to create a new LOD used for leasing, to generate schematic elevations and renderings, and to ultimately create drawings for the next tenant. When the project is complete, the database is updated and ready for the next deal.
Want to learn how JLA can help you manage your real estate data base? Schedule a free 15-minute call with us at https://jlarchitects-architect.youcanbook.me