Many offices, retail buildings, or restaurants consist of nothing more than four walls and a door when a prospective tenant first walks through. A tenant build-out is where this raw space is finished to meet that tenant’s specific needs. But build-outs bring on an array of questions. What type of improvements will be needed? Who […]
If you’re a tenant about to sign a lease term of at least five years, the landlord will likely give you a tenant improvement allowance amount (TIA amount). This TIA from the landlord is generally quoted as a dollar amount per square foot. It should ideally cover most, if not all, of the costs associated […]
The companies succeeding today aren’t the ones still saying “that’s how we’ve always done it.” They take chances. Branding to them isn’t just a cool logo or amazing website. They know that strategic branding extends to the workplace and office environment. Office design is the foundation your company’s culture is built on. It’s where workers […]
The Los Angeles area is currently a magnetic hub for thriving companies. Most companies, whether they’re a startup or a well-established entity, want much of the same thing from an office space. They want a space that reflects their brand and company culture. They want to impress clients. They want to keep their workers upbeat, […]
If you’re thinking it’s time to remodel your office, you need those renovations to be as non-disruptive to your day-to-day business operations as possible. Delays hurt your bottom line and add costs to your budget. While some problems can never be anticipated or predicted, being prepared for a few common causes for project delays will […]
Congratulations. You’ve signed a lease. The landlord has given you a Tenant Improvement Allowance and they’ve even agreed to handle every detail of the building out of your new space. Sounds great, right? Perhaps. Here are a few ways to ensure you’re getting the most from your Tenant Improvement Allowance.
Make Sure All Work Is […]
During lease negotiations, a landlord will ask the tenant to present financial statements. This is done to ensure the tenant has the resources to carry out lease obligations. In fact, the review and approval of a tenant’s financials are contingencies in most letter of intent forms. This covers their rear end. Why not cover yours? […]
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 […]
