Land access in CRE development

The Importance of Access

Access plays a crucial role in determining the desirability and usability of a commercial property. Easy and convenient access enhances the property's value, attractiveness to tenants, and potential customer traffic. Good access increases visibility, exposure, and the likelihood of attracting customers, which is especially important for retail and service-oriented businesses. Access also impacts transportation efficiency, delivery logistics, and employee commute, influencing the overall operational effectiveness of businesses.

Access is absolutely necessary for flex space development. However, what happens when you're looking at land that has none? Or land that has less than sufficient access? The simple answer is that access can be created. While that process can be long and expensive with many considerations, it is often worth it.

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Key Considerations

When assessing land access, there are a few key factors keep in mind. They are:

Traffic Flow

‍Evaluate existing and projected traffic patterns in the area to determine the ease of entry and exit from the property. Consider proximity to intersections, traffic signals, and turning lanes. Anticipate potential changes in traffic patterns and plan accordingly.

Parking

‍Provide adequate parking facilities that are easily accessible and well-designed to accommodate the expected volume of customers, employees, and delivery vehicles.

Impact of Surrounding Development

‍Consider how neighboring properties and future development projects may affect access to the site.

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Land with No Access

What happens when land has no access? In that case, there are some things a developer can do to to create/increase land access.

Road Construction

‍Depending on the location and feasibility, it may be possible to construct a new road or access point to the land. This option requires careful planning, engineering assessments, and obtaining necessary permits and approvals from the local authorities. If neighboring properties have existing access but do not fully utilize it, it may be possible to negotiate a shared access agreement. This agreement would allow the landowner to use a portion of the existing access road or pathway toreach their property.

Utility Access

‍If utility companies require access to the land, it may be possible to leverage their need for utility easements to secure access rights. Utility companies often have legal authority to access properties for maintenance and installation purposes

Collaboration

‍Engage with local planning departments and transportation authorities to understand any access-related regulations, requirements, or improvements needed for the development project. Obtain necessary permits, approvals, and ensure compliance with local regulations regarding access, parking, and traffic management. Consulting with an attorney specializing in real estate law can also provide valuable guidance on exploring access options, negotiating agreements, and understanding the legal implications of each approach.

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