Missouri Commercial Real Estate Development

Missouri real estate developers are responsible for developing, designing, and implementing real estate projects such as residential communities, commercial developments, and mixed-use properties.

Real estate developers have a variety of duties. They must meet the needs of the market and have a strong understanding of what is desirable at a given time. Developers must also be able to complete a project within a set budget, schedule, and scope. They work with architects and engineers during the development process to provide technical expertise.

Both these professions have different yet related skills.

An architect’s job is to draw up design plans that optimize the space and budget for a new or existing building. A commercial real estate developer’s focus is on turning the building into a property that fulfills its intended purpose and will be profitable either in sale or long-term property management. For example, while architects would be in charge of designing buildings based on aesthetic desires or specific uses, developers would be in charge of making sure those designs are carried out on time and on budget. 

Commercial development in Missouri can be found in all types of places. Missouri’s largest metro areas, such as Kansas City and St. Louis, have plenty of opportunities for high-density commercial developments. Yet smaller towns and adjacent rural areas also offer low cost of living and plenty of land for businesses looking to start or relocate their business operations.

Some of the best cities for commercial development in Missouri are Kansas City, Springfield, Columbia, and St. Louis.

Kansas City, the largest city in the state, has the available workforce and amenities of a large city without many of the transportation, housing, or resource issues that plague faster-growing cities. 

Springfield is the perfect location for businesses in the healthcare field. It also has a thriving retail sector with plenty of opportunities to cater to local customers. Furthermore, entrepreneurs are arriving in Springfield to take advantage of the low cost of living and its high quality of life ratings when compared to other cities in the Midwest.

Home to the University of Missouri, Columbia is home to many small businesses that provide services like engineering, software development, and manufacturing. This city has seen steady growth in its educated workforce since the 1990s which means there will be plenty of opportunities for new business owners looking to get involved with commercial development in this region.

Finally, St. Louis — with its rich history and affordable cost of living — presents great opportunities for start-ups and other new business ventures. With its niche markets and well-known corporations (including Anheuser Busch and Enterprise, and Edward Jones Investments) St. Louis offers a unique market for businesses of any industry.

Real estate development is the handling of development and construction of land or property. These development projects involve acquiring property, designing construction plans, managing day-to-day activities, and navigating costs. Real estate companies provide services depending on the project needs, whether its contracting vendors, acquiring licensing, and permits, creating space design, securing financing, managing buildouts, securing leases etc… Property owners and investors may handle real estate development on their own. However, it is challenging and can quickly become time-consuming and expensive if you don’t have professional experience in the field. The real estate developers at Boyer can help you manage development by guiding you through the life of the project, including the acquisition, design, and construction phases. If you are interested in working with our qualified real estate developers in Utah, contact the Boyer Company today.

A good commercial real estate developer will bring in investors and offer accurate financial projections for the build-out and management of the project. They’ll also manage the construction of the project from start to finish, working with architects, construction companies, designers, and tradesmen along the way. Finally, developers can then help you sell or manage the property once it’s complete. Their involvement may last years, depending on the project, and can alleviate much of the stress and daily work necessary for projects of this scale.