Commercial Construction in 2021

The residential housing market isn’t the only sector of real estate that has transformed over the past year. 

Commercial real estate has undergone a lot of changes, in part because businesses are rethinking how much commercial space they need after many employees have adapted to working from home. 

If you are considering opening a commercial space in the next year, consider the following:

Look for High-Demand Locations

If your business is dependent on consumers, make sure you are keeping your search in locations that are in high-demand. Consumers are already in these places, making your business easy to get to. 

High-demand areas attract other businesses as well, naturally creating more traffic (and business) than areas that are becoming vacant.

Repurposing a Building vs. New Construction

If you are deciding between repurposing an old building and new construction, you’ll need to weigh the pros and cons of each. 

Adaptive reuse projects can often be completed faster and cheaper than building new. Like we stated above, however, you will want to take location into consideration, as well as the needs specific to your business. 

Low Interest Rates

Low interest rates extend into the commercial sector for those who own their commercial building. Low rates equal less interest paid over the course of a loan, saving a significant amount of money. 

New Features

Consider what features are important to your business, your employees, and your clients. Many businesses are finding value in an increase in outdoor air ventilation, more space for distancing, and other measures specific to people’s health. 

Are you looking for a new commercial space?

Horton Group Showcases MHK’s New Office at 350 Goose Lane

MHK is the newest addition to 350 Goose Lane!

The new office for MHK, which is part of the Hearst Health network, takes up levels one and two of Building C, for a total of 14,450 square feet of space. 

New Layout for Changing Times

Horton Group worked closely with MHK to ensure the layout of the office would ensure safety as people return back to the office. Prior layout designs were altered to solve space configuration needs. The final design includes workspaces to benefit employees now and in the future. 

“They were involved every step of the way,” stated Horton Group President Kenny Horton. “We wanted to ensure their layout allowed for proper distancing and a healthy workplace.”

Kenny Horton

Take a look at how the office came out!

MHK office space incorporates meeting rooms of varying sizes for collaboration, desk configurations that allow for distancing, and ample windows and glass walls for natural light. 

350 Goose Lane Office Park

350 Goose Lane Office Park is an ongoing development consisting of three buildings on a professional campus. MHK joins Bank of America Merrill Lynch, the Stone Agency, and American Cruise Lines, among other local businesses inside the Office Park. 

Set on 16 acres, 350 Goose Lane Office Park was once Wilber & King Nursery. Horton Group has maintained the integrity of the former site, with beautifully landscaped green space, pond views from every building, and a courtyard with access for all tenants. The campus includes ample parking for all three buildings and is conveniently located off I-95, with easy access to the train station in Guilford. 

Drop Ceiling vs. Open Ceiling

Ceilings can change the look, feel, and even energy costs for a space. In commercial buildings, drop and exposed ceilings are the most common ceiling types. Keep reading to learn about the advantages and disadvantages of each. 

Drop Ceilings

 

A drop ceiling, also called a suspended ceiling, is what typically comes to mind when you think of ceilings in an office space, retail store, or school classroom. The drop ceiling is not a part of the structural foundation of the building. Instead, it is made up of panels or tiles that hang below the roof. 

Drop ceilings have been used for many years due to these benefits:

  • The panels conceal all mechanical, electrical, and plumbing (MEP) installations. 
  • Panels can be easily removed when the maintenance of an MEP system is required.
  • Suspended ceilings provide an extra layer to block exterior sounds, which is especially beneficial in multi-floor buildings.
  • The drop ceiling creates a smaller space to be heated or cooled, reducing energy costs and making it easier to maintain a comfortable temperature. 

Of course, the design of drop ceilings doesn’t come without disadvantages. Here are some things to consider with drop ceilings:

  • Drop ceilings lower the ceiling, making the room feel smaller. 
  • Panels can sag over time and will show stains from water damage or discoloration.
  • While suspended ceilings conceal MEP systems, they also hide any issues that may arise.

Even with the disadvantages, drop ceilings remain a popular option because they cover MEP installations while providing easy access, and help keep energy costs low. 

Open Ceilings

The industrial look is gaining more popularity in both residential and commercial spaces. One way to easily attain this style is with exposed, or open, ceilings. With exposed ceilings, all mechanical, electrical, and plumbing installations are exposed. 

Here are some of the advantages that come with exposed ceilings:

  • The additional space of the exposed ceiling creates a vast and open feel in the office or retail area.
  • Exposed ceilings have a modern aesthetic appeal. MEP systems can be painted or customized to become design elements, and there is more room for creativity with lighting fixtures. 
  • There is also the option for more natural light with exposed ceilings, either with skylights or large windows. 
  • With exposed systems, MEP maintenance is easily attended to.

The industrial look is no doubt an appealing design, but open ceilings have disadvantages as well. These include:

  • Without the barrier of panels, sound travels and echoes with exposed ceilings. There are options to create a sound barrier in spaces with open ceilings, though this requires additional planning and labor. 
  • The additional space means there is a larger area to heat and cool, raising energy expenses. 
  • There is more work involved to make MEP systems attractive enough to be aesthetically pleasing. 

Although exposed ceilings can raise monthly costs, the modern design is eye-catching and creates a spacious feel. 

Which ceiling do you prefer: drop or open?

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