You wouldn’t know that the United States economy is in a deficit when looking at Miami, Florida’s development. The Next Miami has announced that Dade County is seriously considering a plan to them to build America’s biggest mall. Jack Osterholt, the Dade deputy mayor reportedly told The Real Deal magazine that the official plans for the mall/entertainment complex would be delivered to them by the end of November.
If Dade County chooses to move forward with this project, it is highly probable that these developers are going to want to build this commercial property with durable and long-lasting materials.
Commercial property is any type of building that generates a profit typically referred to as income property. An owner can earn profit from a commercial property from either capital gain or rental income. Commercial property can be defined as an office, apartment and industrial buildings, retail stores, malls, hotels, storage houses, land, and medical centers.
There are 6 Categories of Commercial Properties:
- Retail and Restaurants – Retail can include stand alone store front dwellings, shopping centers, and of course restaurants.
- Office Buildings – This category includes skyscrapers and occupational dwellings.
- Industrial – Industrial commercial property applies to warehouses and larger office spaces that are connected to a storehouse.
- Multi-family– This pertains to an apartment, duplex, or high-rise building—any residential dwelling.
- Land – This category applies to any amount of undeveloped acreage.
- Miscellaneous – The miscellaneous category is for any type of commercial property that does not fit into the first 5 categories.
Commercial Property: Challenges with Upkeep
Commercial property of any kind, especially a mall, is going to endure an extreme amount heavy traffic. The floors are typically the main area within an income property that undergoes the harshest treatment. This also includes the bathroom and kitchenettes. Basically, anyplace that has linoleum is going to eventually need replacing. For commercial properties, this can become quite expensive.
Most business owners and landlords find using carpet or linoleum most cost effective. The drawback here is that every time a tenant moves out, in order to get a new renter to pay the top market value for a business space, the owner will have to replace all the carpet and/or linoleum flooring as well as any countertops in the bathroom and/or kitchenette to present a new and clean looking space.
Here’s the Thing with Renters: They Come and They Go!
Although a landlord can set the terms on the minimum amount of time a tenant is required to stay, it is ultimately the renter’s right to break that lease, with or without paying any penalties. Typically, someone can rent a space from anywhere from one month, three months, six months, but no more than a year. After such time, the renter must renew their contract.
At any rate, with such high turnovers, replacing flooring and dinged-up counter-tops can get pretty costly. Yet, this is what’s going to happen when choosing cheap materials. This does not apply to just residential landlords, for the same concept applies to property owners who are renting out commercial space.
If you are a commercial property owner or like Miami-Dade County, planning to develop your own piece of the American Dream by owning a piece of income property, consider incorporating marble into your build.
Advantages of Using Marble as a Building Material
Marble is one of the most durable building materials out there. Not only is it a strong rock, it’s also gorgeous. Organically formed in the earth from limestone along with intense pressure and heat, melting and cooling with other rocks, marble comes in a wide variety of colors and vein patterns.
Mainly used for floors, kitchens and bathroom countertops, marble would also make a great material to incorporate into a courtyard as a sitting bench or water feature—perfect for a strip mall! Marble presents a certain level of elegance and timelessness that will match any type of décor throughout the decades. So for developers, this is a great building material to use for commercial properties.
Marble is a rock, which means not much damage can be done to it. In fact, the only issue one may have with this kind of material is damaging whatever they drop onto it. Hands down, it will be much cheaper to replace than the expense of repairing a floor or countertop.
Marble doesn’t require much maintenance other than an annual sealing and a light dust and wipe-down with a damp cloth and mild soap. The design of some marble patterns can also camouflage most spills. Although, it is recommended to clean up any messes from marble immediately. Marble is a porous stone, which is why it needs to be properly sealed on an annual basis.
Benefits of Buying Marble in Bulk
If you are going to upgrade your commercial space with marble material, it is best to buy it in bulk. Buying your marble stone in a high volume from a wholesale distributor will give you the opportunity to get your materials at the lowest price possible.
Finding a Marble Wholesale Distributor
At Nalboor Tiles, our customer service representatives are on standby ready to answer any questions you may have regarding your marble tile order. We also provide free samples to give you the confidence and peace of mind that you will be pleased with your marble purchase.
Make a great investment and save money. Buy marble flooring for your commercial property! Call Nalboor Tiles at 305-501-4548. Our staff is available to help you select the right marble tile, Monday – Friday from 9am – 5pm or contact us online.