When’s the Right Time to Start a Commercial Development Project?
Updated: Aug 18, 2022
Thinking about starting a commercial development project in Port St. Lucie? New construction can take your business to the next level, significantly increasing your capabilities and allowing you to inhabit a building designed specifically with your needs in mind.
At the same time, it can be a big commitment, which means it’s important to get the timing right. Today, we’d like to discuss everything you should consider when determining whether now is the right time to start a commercial development project.
Do You Need a New Space?
There are many reasons why you might need new space, and those reasons can vary widely based on your industry and business model. Here are a few of the most common ones:
You’re hiring rapidly.
You need more room for clients.
You’re starting an initiative that requires a uniquely designed space.
There isn’t a building in the area you want to serve.
Once you know you need new space, the only question is determining when the project should start.
Is Your Business Seasonal?
Commercial development takes time and attention to get right. Even if you work with the best commercial developers in your area, you’ll need to consult with them, so they understand your business’s unique needs. There are also decisions that only the business owner can make.
It therefore makes sense to undertake the project during a point in time when your attention is as undivided as possible.
Of course, owning a business is often a matter of juggling many different priorities, so there probably isn’t a perfect time. At the same time, many businesses are seasonal, and it’s worth considering what time of year you’re likely to be at your slowest.
Even if the business owner needs to make decisions during a busy time of year, the actual move should take place during a slow time of year. This ensures that you have the time and space to move everything carefully.
It also helps you miss out on the least amount of business possible during the days you’re too busy moving to fulfil customer/client needs.
When Will You Need the Project Completed?
On one hand, you want to be careful and ensure you don’t get a new building before you need it. On the other hand, commercial development projects take time, and you can restrain your business’s growth if you have to wait too long for a building to be constructed.
Different projects will have different timelines. In most cases, a project should take less than a year. However, project timelines can be influenced by permitting, labor, when materials arrive, and more.
Working with a trustworthy commercial developer is essential here: they’ll give you a clear timeline upfront, allowing you to make the best decision regarding when the project needs to start.
Looking for Commercial Development in Port St. Lucie?
You’ve come to the right place! At Fischman Construction, we’re dedicated to helping business owners get the building that’s right for them.
We’ve been working in high-end construction in South Florida for decades, which means you can rest easy knowing our expertise is at your service.
Have any questions you’d like to ask us? Ready to take your business to the next level? Please don’t hesitate to reach out to us. We love what we do, and we’re excited to hear from you!