What is commercial real estate development?

Commercial real estate development is the process of improving raw or underutilized land into a rented commercial property. This process is complex and requires a variety of expertise including site selection, financing, permitting, construction, build-out of tenant improvements, space design, and licensing. On your own, handling commercial real estate development can quickly become time-consuming, challenging, and expensive without professional experience. Commercial real estate developers can offset the load by handling the management of these projects. These developers will guide you through the commercial real estate development process. If you are interested in working with trusted real estate developers, contact Boyer.

What is the commercial real estate development process?

The commercial real estate development process includes several stages including acquiring a site, managing the site and building design process, receiving required government approvals, and managing financing and construction. The development process requires efficiency and risk mitigation in its various stages. There are many complex parts involved in this process which largely depend on the type of development being created. Usually, commercial real estate development involves improving the property for specific tenants or leaseholders. Commercial developers will walk you through each stage of the process, including contracting and hiring vendors, designing the space, construction, and the in-between contract stages.

David Ward

Government / Office / Industrial

David Ward has over 34 years of commercial real estate experience delivering development, lease acquisition and asset management services. Prior to joining The Boyer Company, Dave served as a Vice President with Jones Lang LaSalle, where he specialized in complex new development and leasing projects on behalf of corporate, private entity and government clients. Throughout his career Dave has completed over three million square feet of commercial real estate transactions, including in excess of two million square feet of new office and related building development.