Building Asset Plan
The asset manager or building representative should know the plan for the building, including when it anticipates its next major upgrade of HVAC, lighting and common areas. Generally, buildings operate on a 10-20 year lifecycle, and owners will offer incentives or value to tenants who wish to partner with them in helping to refit the building for better outcomes.
Knowing a building’s asset plan provides you the opportunity to help shape the building for your needs and receive good value for tenanting during the shift from low- to high-performance. It is possible to do a building upgrade while fully tenanted, without disrupting your ‘quiet enjoyment’.