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. 

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