Shockingly, office tenants in DTLA who opt for shell space can face up to 12 weeks of added lead time compared to those leasing second-generation offices—impacting both the speed of move-in and cost curves dramatically. If you’re navigating a commercial real estate search, knowing the difference between shell space vs second generation space is critical. …
Category Archives: Tenant Improvement
Tenant Improvement Allowance (TIA) Explained: Who Pays, How It’s Negotiated, and What It Really Covers
“Over 60% of commercial leases are negotiated with a tenant improvement allowance, making TIA knowledge a critical skill for any tenant or property owner.” If you’re considering leasing commercial space, here’s a number that might surprise you: over 60% of commercial leases include a tenant improvement allowance (TIA). Yet, many small business owners, property managers, …
Tenant Improvement Closeout Checklist: Punch List, As-Builts, Warranties, and the Final Walkthrough
If you’re approaching the finish line of your tenant improvement construction project, a flawless project closeout isn’t just a nice-to-have—it’s your key to timely occupancy, warranty protection, and peace of mind What You’ll Learn in This Construction Closeout Checklist Guide Understand the essentials of a construction closeout checklist for tenant improvements Key steps of the …
What Is Tenant Improvement (TI) in Commercial Construction? A Plain-English Guide for Tenants and Owners
Did you know? “TI” can mean anything from fresh paint to a full rebuild—and the difference can change your budget and move-in date by months? A Surprising Look at Tenant Improvement: Unlocking Value in Commercial Real Estate When most people think of tenant improvement, they picture fresh paint and new carpet. But in commercial real …