Several commercial building trends are on the rise in 2017. Sustainability, health and wellness, and dominating demographic groups are each influencing shifts in what is being built commercially and how that construction is taking place.
1. Reuse of Existing Spaces
As malls and large retail stores close in huge number across the country, many of these structures are being repurposed rather than razed. To avoid incurring the tremendous cost of deconstructing and building new, commercial general contractors and developers are beginning to renovate these adaptable existing structures to be used for new retail stores and other businesses. Historical buildings are also being remodeled and updated in terms of style and energy efficiency for the purpose of business and housing. These remodel and renovation projects save a considerable amount of money, promote sustainability, and in some cases preserve the historical significance of a structure.
2. Eco and Heath Conscious Construction
Leadership in Energy and Environmental Design (LEED) certified building projects are growing worldwide in a movement to make buildings more energy efficient and environmentally friendly; however, this trend is now being accompanied by another: the WELL Building Standard, which focuses not on the building itself, but on the wellbeing of the people who work or live there. The building itself becomes the vehicle that, by design, promotes wellness. The seven standards taken into consideration for a WELL certification are Air, Water, Nourishment, Light, Fitness, Comfort, and Mind. The goal of this initiative is to improve the health and wellbeing of occupants in a built space, be it a living or work space. Buildings are assessed in the seven categories and rated Silver, Gold, or Platinum by the International WELL Building Institute, a corporation born out of a 2013 Clinton Global Initiative.
3. Catering to Demographics
Millennials and Baby Boomers will dictate much of what’s being built commercially in 2017 and beyond. With average life expectancy hitting age 77 and rising, quality of life extending far into these years, and a need for care when that quality of life begins to deteriorate, the demand for senior living facilities and campuses is growing exponentially. While one or two facilities exist in most communities, these housing options are likely to pop up all over the place, so existing and new facilities will need to stay on the cutting edge and understand what the 55+ population is looking for in a long-term living situation. Baby Boomers and their families will be looking for accommodations with amenities that make them want to live there and health management care that allows them to stay there indefinitely.
Making available services and comforts such as fitness centers, restaurants, lounges, business centers, and technology will make a big impact on seniors who are still very active physically and socially, and providing on- location services such as physical therapy and an assisted living staff will create an environment where tenants can comfortably maintain independence while getting the help they need.
Shifting the trends along with Baby Boomers are the Millennials, those 18-34 years of age. Millennials are tending to do many things differently as they age, including driving, which is where their impact on commercial construction comes. Choosing urban living, mass transit, and ride sharing are just a few of the ways Millennials are changing driving habits. Thus, the need for more urban living space, public transit lines, and ride sharing lots is on the dramatic rise, while the demand for parking lots and garages is falling considerably.
Experts in Commercial Development
At MBM, commercial construction project management is our forte. We are committed to creating sustainable, cutting-edge design within existing structures or for brand new builds. We’ve developed, built, and renovated everything from healthcare facilities, to shopping centers, to higher education buildings, and we have the experience and expertise to adapt to the shifting trends in commercial construction. Our highly trained, skilled craftsmen are prepared to take on every project, and their work speaks for itself. Contact us at 412-379-9000. We look forward to working with you!