commercial real estate

One way to create value in an industrial building is to consider a roof raise. A dated 14′ clear might sit empty for years while 30′ clear and up buildings all around it fill up.

You don’t even have to do the roof lift speculatively. Space Technology Inc. will gladly take your building specs and formulate a quote to raise the roof. In fact, they will do this with every building in your portfolio in the hopes that one of these quotes will turn into a job someday. You can take the bid and market that 14′ clear building as a state of the art high cube building.

Not all warehouses are good candidates for the process, and expect the price to come in at $10 per square foot or more.