Office design today plays an integral role in a company’s branding, success, and growth. Modern offices have evolved from the days of soul-sucking high cubicle walls and horrible fluorescent lighting. The workplace today is all about experimentation and breaking from tradition. Today’s employee can be as nomadic as they choose to be – thanks to […]
Tenant improvement allowances (TI allowances) are a significant expense for landlords. Customizing even a smaller space can often cost a landlord up to six figures. As with anything carrying that kind of price tag, a lot gets said about the true value or worthiness of tenant improvements. Some of what gets said simply isn’t true. […]
Tenant improvement allowances (TIAs) are greatly misunderstood. A TIA isn’t a cash advance. It’s an agreement between the landlord and tenant where the tenant gets reimbursed for any tenant improvement construction needed. The intent of this type of tenant build-out is to customize a space for their use. The caveat, however, is certain conditions must […]
Ask For a Cash Allowance Before a TI Allowance
Although they’re basically the same thing, there is one key difference. With a TI allowance, a tenant will usually have to first pay the contractor out of pocket. When construction is complete, they present the landlord with receipts and they’re reimbursed whatever they paid out.
With a cash […]
HOW MUCH WILL A LANDLORD PAY TO HELP CUSTOMIZE A SPACE FOR YOUR USE?
When you’re shopping for a commercial space, very rarely will you come across a location that’s seemingly tailor-made for you and move-in ready. Maybe it’s a great location but the interior hasn’t been upgraded since the 90s? Maybe a wall needs to […]
There’s a saying, “out of sight, out of mind” that can be applied to many different scenarios. However, when it comes to renovating an office space, let’s just say there’s much more than meets the eye. What’s above an office’s ceiling grid is often overlooked if not completely disregarded. But modifications made below the ceiling […]
The cost of landlord provided Tenant Improvement Allowances (also known as TIs or TIAs) are rising throughout the country. While much of this can be attributed to recent trends in office design and the overall state of the construction industry, there are other factors as well. Here are a few others:
Supply & Demand
Landlords need […]
When it comes to an office, every company has its own unique set of wants and needs. In this blog post, H.W. Holmes Inc. – Ventura area office tenant improvement contractors – look at a few design elements and philosophies some of the trendiest office spaces are adopting.
Designated Team Meeting Rooms
This is something that for […]
Most Ventura office tenant improvements today are in response to the shrinking desk spaces of the millennial office…
It’s called the millennial office and it’s driving not just Ventura office tenant improvements, but office build-outs and retrofits throughout the country. Today’s ideal office is a wide-open communal workspace that looks more like a coffee shop than […]
While we are not legal experts, and advise anyone negotiating a lease to seek legal counsel, as commercial builders – we’ve completed our fair share of tenant improvements. If improvements are needed to turn a space you’d like to lease into a space you can actually use, here are some things to know going into […]