The ROI of Installing a Deck in Commercial Properties

In the competitive world of commercial real estate, property owners are constantly looking for ways to enhance their buildings, attract tenants, and maximize their return on investment (ROI). One often overlooked but highly effective strategy for achieving these goals is the installation of decks. Whether you’re managing a retail space, a restaurant, an office building, or a multi-family residential property, adding a deck can significantly boost your property’s value and appeal. This article explores the various ways installing decks in commercial properties can deliver a substantial ROI, particularly in the vibrant and growing market of Oklahoma.

1. Enhanced Property Value

One of the most direct benefits of adding a deck to a commercial property is the increase in property value. Decks, especially when well-designed and constructed with high-quality materials, are a highly desirable feature for potential buyers and tenants. They add usable square footage, create attractive outdoor spaces, and can serve as an extension of indoor areas.

In Oklahoma, where the climate allows for outdoor activities for much of the year, a deck can be a particularly valuable asset. A well-constructed deck can make a commercial property more appealing, leading to higher appraisals and a stronger selling price. Studies show that the average ROI on a deck can be between 70% to 80%, meaning that the investment you make in a deck can significantly increase your property’s overall market value.

2. Attracting High-Quality Tenants

For commercial property owners, attracting and retaining high-quality tenants is crucial. A well-designed deck can be a key selling point in a competitive market. For retail spaces and restaurants, an outdoor deck provides additional seating and enhances the customer experience, leading to higher foot traffic and increased sales for tenants.

In office buildings, a deck can serve as a communal space for employees to relax, hold informal meetings, or even work outside on pleasant days. This can be a major draw for companies looking to lease space, particularly those that prioritize employee well-being and work-life balance. Multi-family residential properties can also benefit greatly from decks, as they provide tenants with a private outdoor space, which is a highly sought-after feature.

In Oklahoma, where the cost of living is relatively low and outdoor activities are popular, properties with decks are likely to attract a wide range of tenants, from young professionals to families and retirees. By installing a deck, property owners can create a unique selling point that sets their property apart from others in the area, leading to higher occupancy rates and more stable rental income.

3. Increased Usable Space

One of the key advantages of adding a deck to a commercial property is the increase in usable space. Unlike other types of construction, decks are relatively quick to install and can be designed to fit the specific needs of the property. This additional space can be used for a variety of purposes, depending on the type of commercial property.

For restaurants, a deck can be an extension of the dining area, providing an outdoor seating option that can increase the number of covers a restaurant can serve, especially during peak times. Retail stores can use a deck as an area to showcase products or host outdoor events, driving customer engagement and boosting sales. Office buildings can offer tenants a space to relax or hold outdoor meetings, which can enhance the overall work environment.

In residential properties, a deck provides tenants with a private outdoor area, which can be a significant selling point. This extra space is particularly valuable in urban areas where outdoor space is limited. By increasing the usable space on the property, a deck can make the property more functional and appealing to potential tenants, leading to higher rental rates and increased revenue.

4. Energy Efficiency and Sustainability

Installing a deck can also contribute to the energy efficiency and sustainability of a commercial property, which is an increasingly important consideration for both property owners and tenants. By providing shade and reducing the amount of direct sunlight that enters the building, a deck can help lower cooling costs during Oklahoma’s hot summer months.

Additionally, many decks are built using sustainable materials, which can enhance the eco-friendly credentials of the property. In a market where consumers and businesses are becoming more environmentally conscious, having a deck made from sustainable materials can be a significant selling point. Property owners can also take advantage of green building certifications, which can increase the property’s value and attract tenants who prioritize sustainability.

5. Aesthetic Appeal and Brand Image

Finally, a well-designed deck can significantly enhance the aesthetic appeal of a commercial property. In many cases, a deck can serve as a focal point for the building’s exterior, adding character and charm. For businesses that operate out of the property, the deck can also be a key part of their brand image. A restaurant with a stylish outdoor seating area, for example, is likely to be seen as more inviting and upscale, which can attract more customers.

In Oklahoma, where outdoor living is an important part of the lifestyle, a deck can help create a strong connection between the property and its surroundings. By enhancing the aesthetic appeal of the property, a deck can make it more attractive to potential tenants and customers, leading to increased demand and higher revenue.

Installing a deck in a commercial property is an investment that can deliver substantial returns in a variety of ways. From increasing property value and attracting high-quality tenants to enhancing usable space and contributing to energy efficiency, the benefits of a well-designed deck are clear. In Oklahoma, where the market is growing and outdoor living is highly valued, adding a deck to your commercial property is a smart move that can pay off in both the short and long term. Whether you’re looking to sell, lease, or simply enhance your property’s appeal, a deck can provide the ROI you need to achieve your goals.