Floor to Floor Height
The height between each floor plate in a building measured from the top of a floor to the top of the floor above.
Putting “Floor to Floor Height” in Context
Redfield Capital, a real estate investment firm specializing in core-plus acquisitions, is conducting due diligence on Preston Towers, a 150,000-square-foot suburban office building located in Plano, Texas. The building, constructed in 2004, is situated in the thriving Preston Road business corridor. Although Preston Towers is well-located and has maintained strong occupancy, it faces competition from newer office properties in the area, which boast more modern amenities and architectural features.
One critical feature Redfield Capital has noted during its evaluation is the building’s floor-to-floor height of 12 feet. Floor-to-floor height refers to the distance between the top of one floor slab to the top of the floor slab above it, which includes both the ceiling of the lower floor and the floor structure of the upper floor. In the case of Preston Towers, a 12-foot floor-to-floor height is relatively standard for suburban office buildings, though new construction often pushes that height to 14 feet or higher to create more spacious, open environments.
The Role of Floor-to-Floor Height in Office Design
Floor-to-floor height significantly impacts a building’s design and functionality. In an office building, it not only affects the interior space on each floor but also has implications for mechanical systems, ceiling height, and even the building’s energy efficiency. A taller floor-to-floor height allows more room for HVAC systems, wiring, and modern amenities like raised floors for IT infrastructure, while also potentially allowing for more flexible tenant buildouts.
At Preston Towers, the 12-foot floor-to-floor height translates into a typical floor-to-ceiling height of around 9 feet after accounting for structural and mechanical systems. While this is generally acceptable for most suburban office tenants, Redfield Capital’s team is aware that some new buildings in the area feature 13 to 14-foot floor-to-floor heights, resulting in more generous ceiling heights of 10-12 feet, which can make a space feel more open and desirable.
The Investment Strategy
Despite the relatively standard floor-to-floor height of 12 feet, Redfield Capital sees an opportunity with Preston Towers. By upgrading the building’s common areas, refreshing tenant spaces, and improving lighting design, they can make the 9-foot floor-to-ceiling height feel more open and airy, mitigating any competitive disadvantage caused by the lower floor-to-floor height. Additionally, they plan to enhance the building’s other strengths, such as its convenient location, ample parking, and proximity to nearby retail and dining options.
As part of their repositioning strategy, Redfield Capital will target small to mid-size professional services firms, many of whom prioritize functionality, price, and convenience over cutting-edge architectural features like extra-tall ceilings.
Conclusion
In the context of Preston Towers, the building’s floor-to-floor height plays a crucial role in determining both the building’s overall interior layout and its market competitiveness. While newer office buildings may offer higher floor-to-floor heights, Redfield Capital plans to focus on improving other aspects of Preston Towers to maximize its value proposition in Plano’s growing office market.
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