Successful commercial real estate projects don’t spring up overnight. It takes time and careful planning to ensure all the details are right. In fact, most commercial real estate projects can be broken down into three basic phases—pre-development, construction, and operation. In a new statement to the press, Kuester CRE explains these three stages of commercial real estate development.

“No matter the specifics of your project, any commercial real estate undertaking is going to unfold according to these three basic phases,” notes Shaw Kuester, President of Kuester CRE. “By knowing the phases, you can have a pretty good idea of what your project will entail.”

The first phase is pre-development, which includes research and permitting. “This is where you do your due diligence, and it can be the most unpredictable of the three phases—simply because there are so many unknowns,” Kuester notes. The pre-development phase will typically include such steps as market analysis; land acquisition; site planning; and securing the proper permits.

The next phase is construction. This encompasses project marketing, pre-leasing, and the enlistment of a property manager, in addition to the physical construction work itself. This phase ends with the procurement of a certificate of occupancy. “When you get your certificate of occupancy, that means you’re ready to commence regular operations of your building,” Kuester affirms.

Operation is the final phase of commercial real estate development. “This is where the life of your building begins in earnest,” Kuester notes. Some components of the operation phase include marketing and leasing—both of which are ongoing—as well as active property management. “Ultimately, this phase is all about stabilizing the operation of your building—and ensuring that it remains financially healthy and robust,” Kuester explains.

Each of these stages comes with plenty of activity—and each is important to the overall success of the project. That’s why it’s often best to engage in these three steps under the guidance of a Commercial Real Estate Developer—like Kuester CRE.

For additional information about Kuester CRE and its services in commercial real estate development, brokerage, and management, visit www.kuestercommercial.com.

ABOUT:

Kuester CRE boasts more than 45 years of experience in commercial real estate, plus a reputation of trust and integrity throughout the Carolinas. The company focuses on brokering and leasing retail, office, medical, land, and flex property, as well as managing commercial buildings, apartments, and student housing. Kuester CRE delivers customized solutions for landlords, tenants, and investors at every stage of the commercial real estate process. With the unique ability to cover the Western Carolinas, Piedmont, and Eastern Carolinas, Kuester offers the responsiveness of a local presence with the resources of a larger regional firm. To learn more about Kuester CRE, visit www.kuestercommercial.com.

Media Contact
Company Name: Kuester Commercial Real Estate
Contact Person: Shaw Kuester
Email: Send Email
Phone: 855-723-2500
Country: United States
Website: www.kuestercommercial.com



Source: www.abnewswire.com