Malls may be dying around the country, but shopping centers are staying strong. If you own or manage shopping centers or retail spacers that encompass a wide range of commercial niches, it’s important to make renovations that allow for a great deal 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 use lighting and decor to set an individual stage for their projects. 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 ranging degrees of warmth, which color the bulbs in tones ranging from yellow to blue. LEDs also allow for more controlled spotlighting effects and specific displays.
This ability to specify and layer light is an important part 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. And as more and more businesses group together and only expand where other earmark 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 you forward the individual costs of lighting to each company, a lower energy bill is good for 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 attention to environmental friendliness that your tenants can, in turn, sell to customers.