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Tag Archives: office construction
Tenant’s Guide to Minimizing Office Construction Costs
As the economy continues to expand (along with office tenants), office construction costs continue to climb. That’s due in large part to the strong economy as well as a shortage in construction labor and certain materials. In this post, I … Continue reading
Filed under: Pre-lease Issues, Tenant Build-out, Uncategorized
Tagged allowance, change orders, cost control, office construction, tenant improvements, turnkey
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Tenant Improvement Strategies – Allowance Approach
Under the Allowance Approach, the tenant is allotted a cash allowance from the landlord for construction and related costs. To the extent the total costs are less than the allowance, and if properly negotiated, the tenant retains the savings. On … Continue reading
Filed under: Pre-lease Issues, Tenant Build-out
Tagged allowance, base building, office construction, tenant buildout, tenant improvement allowance, turnkey, turnover conditions
Comments Off on Tenant Improvement Strategies – Allowance Approach