Real Estate News, Reviews and Investment
While historically banks have tended to be grandiose stone structures, this is less often the case nowadays and many banks operate out of standard commercial units or office buildings.
This article focuses on banks as commercial property. Find out more about what banks do and the role of banks as lenders.
Commercial or retail banks will still usually have a branch on a local retail street where customers can deposit money in a their accounts or talk to staff in person, but most have opened up online banking and telephone banking options for their customers. Some banks, indeed, have no branches at all but deal with their customers entirely by phone or online.
Buildings used as banks today
As more and more transactions have become electronic, the elaborate systems of stone vaults and iron grills seen in older banks have become redundant and many high street banks now operate out of ordinary shop fronts in malls and shopping centres.
However, banks will still have specialized needs due to the nature of their business. These may include:
As banks handle large volumes of cash for their customers, security concerns will always be paramount.
Buildings built as banks
Many large banks built in the 19th and early 20th centuries were designed to be both impressive and secure. They are usually well-placed in a town centre and may dominate the local retail street. Possible features may include:
Repurposing bank buildings for commercial real estate investment