A commercial tenant improvement project involves the interior remodeling of an existing office or retail space to upgrade for the current tenant or to change in order to accommodate a new tenant. This post is to aid owners, designers and architects in the preparation...
News
TENANT IMPROVEMENT: DRILLING DOWN THE COSTS
Commercially rented space may have to be customized to fit a tenant’s needs. The leaser and the landlord will negotiate who will design the space, do the work, when it will get done and who will pay for it. The lease clause that addresses these issues will be titled...
5 TIPS ON LEASING AND NEGOTIATING A COMMERCIAL SPACE
A commercial lease is an important part of your business, so negotiating a favorable lease places your business in a position to succeed. Keep in mind that a real estate lease agreement is prepared by the landlord to favor the landlord. It is the potential tenant’s...
5 SITE SELECTION TIPS FOR COMMERCIAL SPACES
Location is key in any real estate deal, but there is a lot more to selecting the right commercial site for your business. The space you choose to lease can be a deciding factor in its success. Here are a few factors you should be evaluating when viewing available...
7 QUESTIONS TO ASK YOUR FURNITURE FIXTURES & EQUIPMENT PROVIDER
In today’s market, there are many providers of furniture, fixtures and equipment procurement and interior design services. How can you find the perfect match for your commercial project? Below are seven questions to help you find the best provider for your project....
BEST PRACTICES DURING THE TURNOVER PHASE
The turnover phase of a construction project is the systematic transition of building operations from the project team to the operation and maintenance (O&M) team. The transition is the physical completion of the construction project and includes the transfer of...
5 PREDICTIVE KEY PERFORMANCE INDICATORS
Predictive Key Performance Indicators (KPIs) are forward-looking; they can drive and influence results in a construction project. Here are five predictive KPIs to consider: Bid Development Contractors often describe the funnel of business development as getting...
COMMERCIAL CONSTRUCTION: BUILD, REMODEL OR EXPAND?
A successful business is one that can grow and change – new people hired, new skills developed and investments in innovative technology are made. These types of changes may lead a company to outgrow its current space. In which case they must ask themselves: Do they...
PLANNING FOR COMMERCIAL CONSTRUCTION EXPANSION
As businesses grow they begin to consider whether a new construction or expansion is the next step. Not only will this boost their own operations, but it also enhances their communities by stimulating the economy and boosting consumer confidence. While these...
5 QUESTIONS TO ASK WHEN HIRING A CONSTRUCTION MANAGER.
When embarking on a commercial construction project, you want to find a construction company that has value, quality, courtesy, experience, and professionalism. Before hiring a professional, you want to do your research and ask key questions to find the right match...