With 183 million vaccines administered as of this writing and a running daily average approaching 3 million vaccines, it’s probably safe to say that we’re heading in the direction of back to normal. For those who have spent a lot of time at home, wanting to simply go out shopping or out to eat without a lot of hoops to jump through, this trend can seem like a breath of fresh air after a long, desperate effort.
But what does that mean for investors? With increased interest in retail and restaurant activities, there will be a rebound of the high levels of retail, restaurant and commercial construction that was happening before the COVID-19 pandemic began to sweep around our world. Why not take advantage of this upswing by investing in retail and restaurant construction again?
With COVID-19 on the Run, It’s Time for Retail and Restaurant Construction Investment Again!
According to the Census Bureau, the initial drop in retail and food service numbers has already recovered long past the initial drop during last year’s shutdowns and stay-at-home orders. February saw a 1% increase in restaurant performance, returning it to pre-COVID levels. Given the strong rebound following the initial drop early in 2020, it’s expected that restaurant performance, and the retail stores that are often surrounding the food establishments, will continue to grow back to pre-2020 levels very shortly.
As this process rolls forward, new construction of these structures is a great opportunity for investment. Because they are backed by a physical structure, there’s better protection of your investment than with simple company stocks, as the structure could always be sold down the road. By investing in retail and restaurant construction, you’re also investing in your community’s future growth.
That being said, a bit of caution may still be warranted, at least during the construction process. In Ontario, studies have shown that more outbreaks are linked to factory, warehouse and construction work than to retail and restaurant exposures. Make sure that the construction team that you work with is willing and able to meet or exceed your requirements to ensure worker safety as the pandemic continues winding down, helping prevent delays caused by crew shortages and allowing your project to finish on time.
By investing in retail and restaurant construction, you can enjoy a solid return on your investment as our country and world begin to open up again. If considering a commercial construction project, the commercial contractor team at JHan Construction can help you find the right resources to turn your project from a simple dream into a solid reality. With offices across the U.S., we’d be happy to help. Please feel free to reach out today for more information, with any questions or to start planning your commercial construction project.
During the past year of enforced separation, business leaders have learned a lot about how to move forward into a new world that demands higher standards for air quality and sanitation, limited person-to-person contact, and protection for both employee and client health. Worldwide construction standards have been moving in that direction for almost a decade, spurred on by green building and sustainability issues. Now, however, the relationship between healthy buildings and human health cannot be overemphasized.
Most people spend up to 90% of their time indoors, so it only makes sense that interior “eco-systems” for both home and work spaces are as sustainable and healthy as possible. Because it’s now possible to identify materials and systems that affect mental and physical well-being, it has become increasingly possible and cost-effective to design and build spaces that nurture and protect their inhabitants. Understanding how the built environment affects human health is key.
The challenge of the present, for designers and builders, is to reshape thinking by moving beyond the current concept of “green building” to a more encompassing focus on the health challenges that assault “our complete physical, mental and social well-being,” according to the World Health Organization.
In the future, the goal will be to design and construct buildings that are not only attractive and functional, but also energy-efficient, eco-friendly and supportive of all aspects of human wellness. It is not an impossible dream. More than a decade ago, when Leadership in Energy and Environmental Design (LEED) standards were introduced, it was with the intent of building more sustainable, energy-efficient and cost-effective green buildings. Today’s newly-redefined LEED standards address additional impact areas: climate change, human health, water resources, biodiversity, green economy, community and natural resources.
JHan Construction Company is committed to the principle of healthy buildings. As a full-service Dallas construction company, we have the knowledge and expertise to address both residential and commercial requirements for more efficient and effective building techniques.
During the past 14 years, great strides have been made in terms of reducing employee illness due to workplace air quality and ventilation shortcomings. Newer standards are aimed at lighting quality, temperature controls, effective removal of toxic chemicals from building interiors, physical and mental exercise, and a wide array of other human health topics. An interdisciplinary approach, forward-thinking government initiatives, and exciting new partnerships between public health officials and private business leaders are sure to produce distinctive results in the near term and lasting beneficial change for the future.
From healthcare facilities to warehouses, office buildings to retail stores and restaurants, if you’re interested in the people-centric emphasis of healthy building, we have the knowledge and expertise to address your concerns. As a Dallas commercial contractor, we will work with you to implement new advances in design and technology that make it possible to balance health and efficiency. We take our inspiration from natural eco-systems in an effort to build a better world, both at home and in the workplace.