Malls may be dying around the country, but shopping centers are staying strong. If you own or manage shopping centers or retail spaces that encompass a wide range of commercial niches, it’s essential to make renovations that allow for a high degree of versatility and customization. Make sure your properties are open to the widest range of commercial tenants possible.
Add value and versatility by switching to LEDs.
Independent retailers utilize lighting and decor to create a unique setting for their businesses. Franchises and branches that belong to larger corporations also need the freedom to customize the space they’re renting from you in order to maintain specifications that are mandated by corporate designs. LEDs can help because:
Companies can change the color, warmth, and brightness.
LEDs give far more lighting options than any other bulb type. Even if your tenants stick to passive light bulbs instead of smarter alternatives, the bulbs can have varying degrees of warmth, which colors the bulbs in tones ranging from yellow to blue. LEDs also enable more controlled spotlighting effects and precise displays.
This ability to specify and layer light is a crucial aspect of any retail space’s aesthetic. Many chains require that properties for new branches be able to duplicate the lighting established in other stores. So if you don’t have the infrastructure to support their needs, they have to take their business elsewhere. As more and more businesses group together and only expand where other established stores exist, the consequences of losing business can be immeasurable.
LEDs save money.
Whether you incorporate the cost of electricity into your rental rates or forward the individual costs of lighting to each tenant, a lower energy bill is beneficial for the business. LEDs output less heat energy and use less electricity for any given unit of brightness. Use LED updates as a selling point for both lower bills and an emphasis on environmental friendliness that your tenants can, in turn, highlight to customers.
