A well-known benefit of installing a mezzanine floor to your commercial premises is that it expands the floor space available without the hassle of moving. However, there are also longer-term benefits to the decision and process that often go unmentioned. Adding the extra space will also increase the value of your building.
It doesn’t matter if you are in a retail space, office space, warehouse or industrial building, you will see a rise in the value of the property with a mezzanine floor.
At First Floors, we have been designing and installing bespoke mezzanine floors for a range of businesses for over 30 years. We have seen how different companies have benefited from adding the additional floor and the impact it has had on the building’s value.
In this article, we explain the benefits of mezzanine floors on building value.
Benefits of Mezzanine Floors on Building Value
There are several ways that your building value will benefit from adding a mezzanine floor.
Increased Usable Space
It doesn’t matter how you are using the space it is precious; whether it is used to display items on sale, as desk space for your employees, as storage space or as part of a manufacturing line.
In many commercial buildings, they have high ceilings that create plenty of space. However, it isn’t used. Installing a mezzanine floor in your premises optimises the vertical space you have above your heads.
This means you are adding square footage to your property.
When it comes to selling, buyers will be looking for cost-effective spaces, and a building with a mezzanine floor offers that, making it more valuable when on the market.
Enhanced Versatility and Appeal
Most mezzanine floors will be designed and built to fit your space. This means the size of the space will be dictated predominantly by you to fit your needs.
Mezzanine floors are versatile spaces as you can lay them out however you need, with whatever equipment you need. This means that a property with a mezzanine floor is more appealing to businesses in diverse sectors, including retail, offices and warehouses.
Versatility also provides businesses with space to grow, expand and develop. Using partitions, you can create different spaces, meaning you could turn an open desk space into a set of private offices and meeting rooms or a retail display floor into storage space by adding pallet racking. The flexibility makes the property a sustainable investment.
Improved Functionality
Of course, when running a business, you want a space that will allow productivity and efficiency. So you need somewhere that offers functionality as well as aesthetics.
When strategically used, you can use a mezzanine floor to create separate working spaces to improve workflow efficiency. For example, in a warehouse, the floor could be used as a picking and packing station for high-demand inventory. This will enable more organised and streamlined logistics.
The additional space and ability to create distinct and segregated areas will likely help businesses become efficient and focused, which are valued features of a property.
Financial Impact of Mezzanine Floors
All of the above feed into financial benefits as well as being an advantage themselves. Whether you are looking to sell the property or rent it out, adding a mezzanine floor has a positive financial impact.
Capital Value
Thanks to the above benefits of a mezzanine floor, businesses looking to purchase a property are likely to pay higher amounts for additional space that improves their efficiency and provides them with space to grow.
Potential Rental Yield
If you don’t want to sell the property, even in the rental market, a property with a mezzanine floor can earn more. Once again, businesses looking for space will pay more for the additional space provided by a mezzanine floor.
Return On Investment Considerations
It is always worth considering the return on investment when making improvement choices on a building.
Mezzanine floors aren’t as expensive as moving, but they aren’t free, so you need to decide if it is a financially beneficial decision.
Because the installation increases floor space and, therefore, increases property value (whether being rented out or sold), you will gain a return on investment, so you will profit from the improvement.
Add Value To Your Building With First Floors
As you will now understand, there are many benefits to installing a mezzanine floor in your commercial building, whether it be an office, warehouse, retail store, industrial space or garage.
They increase usable space, enhance versatility and improve functionality and efficiency. On top of these, you will often gain financial benefits from the installation in the long-term through a sale or renting the property out, gaining a return on investment that is worth the initial investment costs.
At First Floors, we have been working with businesses across the nation for 30 years to design and install bespoke mezzanine floors that fit their space and meet their needs. Through working with you, we are able to not only create a space that will work for now but will develop and grow with you and your business.
Our team are experts at what they do, combining their knowledge and experience to produce quality solutions and problem-solve when challenges arise.
As an end-to-end solution, we offer everything you need throughout the process, including manufacturing the floors. What does this mean for you? It means that you don’t have to worry about anything. We will manage the whole project from start to finish, and as it is all under our roof and control, you won’t have to stress about third-party delays.
Contact us today to learn more about how you could add value to your building with a mezzanine floor. Call us on 01789 764172 or complete our online contact form to request a callback.
