Over time tenants demand different features or amenities in buildings
For example, office buildings didn't need the internet in 1980, but they must have fitness centers, conference centers and pickleball courts in 2023
Covid brought heightened awareness of cleaning and air filtering
Industrial - dock high or not, clear height, number of docks, outdoor storage, etc
Big demand for industrial?? More electricity.
Shift towards decarbonization in commercial operations
Federal and state incentives and regulations driving electric vehicle production
Reconfiguring parking areas and planning for increased power capacity
CA regulation of not just trucks, but also warehouses as an end-run on trucks
Impact of Inflation Reduction Act of 2022
Difficulties in acquiring additional power from public utilities
Implementing solar power on industrial rooftops
Focus on emissions and tenant demands