Demolishing a commercial space before trying to lease it can significantly increase your chances of finding tenants in Edmonton. Here are several reasons why.

First, in a competitive market like Edmonton, a blank canvas is often more appealing than a pre-existing structure that may not fit a tenant’s needs. Demolishing the existing space provides an opportunity to create a custom design that can be tailored to the needs of the tenant. It also allows for a fresh start, which can be especially desirable for businesses looking to make a statement with their space.

Second, in a growing city like Edmonton, demolishing a space allows for a more efficient use of the available square footage. An outdated or poorly designed space can limit the potential uses for the space and make it less attractive to tenants. By demolishing the space, you can create a more functional layout that maximizes the available square footage, potentially making the space more valuable to prospective tenants.

Third, in a cost-sensitive market like Edmonton, demolishing a commercial space can be a sound financial decision. Renovating an outdated space can be expensive and time-consuming, often requiring significant investment in plumbing, electrical, and HVAC systems. Demolishing the space eliminates these costs and allows for a more cost-effective construction process.

Finally, in a dynamic market like Edmonton, demolishing a commercial space can increase your property’s market value. A modern and functional space is likely to command higher rental rates and attract more tenants, which can increase the value of your property. By investing in a demolition and renovation, you may be able to recoup your costs and increase the long-term value of your property in Edmonton.

In conclusion, demolishing a commercial space before trying to lease it can be a wise decision for property owners in Edmonton. It allows for a customized design, a more efficient use of space, a more cost-effective construction process, and potentially higher rental rates and property value in a competitive, growing, cost-sensitive, and dynamic market like Edmonton. If you’re considering leasing a commercial space in Edmonton, it may be worth exploring the benefits of a demolition and renovation.