Key Considerations Before Leasing a Retail Space for a Healthcare Clinic

Posted on February 27, 2024 by bafcorp20

Starting a healthcare clinic is more than just about offering the services needed; it’s about the environment in which those services operate. Choosing the space that your clinic will call home is crucial. It not only contributes to your clinic’s branding and patient experience but also plays a significant role in the day-to-day efficiency of your operations.

Whether you’re a medical professional venturing into private practice or an established clinic looking to expand, the process of finding and leasing a retail space warrants a strategic and meticulous approach. This guide is a compass to steer you through the nuances of leasing retail space for your healthcare clinic.

Call 317-253-0531 for Healthcare Clinic Space Planning and Remodeling in Indianapolis

Retail Space in the Healthcare Sector

Before the first patient walks through your door, your clinic’s location and layout should be prescribed for success. The significance of this decision is often underestimated, and missteps can lead to a host of operational challenges that could stymie your healthcare business. From selecting a location that’s accessible and demographically suitable to ensuring the space complies with healthcare regulations, every parameter requires a detailed evaluation.

The healthcare sector isn’t just about providing treatment; it’s an ecosystem of patient trust, community needs, and professional efficacy. Your retail space is the first chapter in your clinic’s narrative, and it must align with these values cohesively.

Choosing a Location

Navigating Demographics

Understanding the community you’ll be serving is pivotal. Analyzing the local population’s size, age, income level, and the healthcare needs that might be underserved will help you tailor your services. Interactive maps and demographic data can guide these decisions, ensuring that the location is a good fit for the type of clinic you envision.

The Competition Conundrum

Competition can be both a boon and a bane. While a location with more established healthcare facilities may suggest a high-traffic area, it could mean facing a battle for market share. Research what’s available, identify the white spaces, and position yourself strategically.

Accessibility and Foot Traffic

Proximity to public transportation, parking facilities, and even the layout of the space from a patient’s perspective matter. Accessibility compliance isn’t just a legal obligation; it’s about making your clinic welcoming and user-friendly to all patients, including those with mobility challenges.

Space Requirements

The Blueprint of Care

The layout of healthcare spaces is distinct. It needs to be efficient, with a clear division of patient areas, staff zones, and spaces for equipment and records. A well-designed space can streamline patient workflows and staff operations, leading to better outcomes and experiences.

Size Matters

Balancing the size of the clinic with your current needs and future ambitions is delicate. Overcrowding due to a space too small can be off-putting to patients, while underutilized, large spaces can be an unnecessary financial burden. Projecting your growth and ensuring the space can accommodate it is foresight that pays dividends.

Zoning and Healthcare Regulations

Healthcare facilities have specific zoning requirements and breaking the law (even unknowingly) can have severe repercussions. Ensure your intended space is zoned for healthcare use or if not, understand the steps required to change its designation.

Lease Terms and Negotiation

Deciphering Lease Agreements

Lease agreements can be cryptic with legal jargon, but understanding the terms is not negotiable. Be clear on your rent, what it includes, and any extras. Know your obligations and rights as a tenant, especially maintenance responsibilities related to the space.

Rent and Renewal Options

Budgeting for your lease should be comprehensive. Don’t just consider the monthly rent but also factor in annual increases, common area maintenance fees, and any utility costs. Negotiate renewal terms upfront to secure the space for the long term if it’s beneficial to your practice.

Lease Duration and Flexibility

While you may be keen on securing a long lease, flexibility is also crucial for unforeseen changes. Short-term leases with clear renewal clauses can provide the security you need without the commitment that could stifle adaptability.

Amenities and Infrastructure

The Necessities

From waiting rooms to examination areas, consultation rooms to restrooms, assess the non-negotiable elements your clinic space must have. This includes electricity, plumbing, and a safe and secure environment compliant with OSHA standards.

Parking and Accessibility

An adequate parking area or easy access to public transport can significantly alleviate patient stress and improve their experience. Remember, some of your patients may have mobility challenges, and thus, accessibility should extend beyond the entryway.

The Technology Ecosystem

Today’s clinics rely on technology for everything from patient management to equipment operation. The space should support a robust IT infrastructure, and it should be designed to accommodate future advancements without major disruptions.

Compliance and Regulations

Zoning Laws and Building Codes

Before you sign on the dotted line, ensure all zoning and building codes are met within the space. This may include specific regulations for healthcare facilities and compliance with the Americans with Disabilities Act (ADA).

Permit Procurement

Leasing a healthcare space may require you to obtain various permits before you can operate. This could range from simple construction permits for renovation work to healthcare specific licenses. Know the process and timeline for securing these documents.

Foreseeability Cost Analysis

Retail Space Lease Cost

Looking at the cost of the lease only scratches the surface. Factor in the costs of any necessary renovations, equipment procurement, utilities, insurance, and any taxes or fees applicable to your occupancy of the space.

Renovations and Aesthetic Integrity

Renovations might be necessary to turn a retail space into a clinic. Consider cost-effective design choices that align with your branding and the need for a sterile, professional environment.

Ongoing Operational Expenses

Leasing isn’t just about rent; you’ll have ongoing utilities, maintenance, and possibly staffing costs associated with running the clinic. Make sure you have a solid understanding of all these expenses.

Marketing and Visibility

Location Marketing

Your clinic’s location should factor into your marketing strategy. Use the uniqueness of the space, its history, and its accessibility in your branding and promotional materials.

Signage and Curb Appeal

Your exterior façade should invite patients inside. Well-lit and professional signage, complemented by clear wayfinding, helps establish your clinic as a trusted healthcare provider before the first consultation.

Leveraging the Inherent Foot Traffic

If your space is in a bustling retail area, consider how you can convert the surrounding foot traffic into patient appointments through events, specials, or even just engaging storefront displays.

Conclusion

Before you sign a lease, conduct thorough due diligence. While the process may seem daunting, it’s a rewarding investment in your clinic’s future. Engage with local professionals, commercial real estate agents, and construction experts who understand the unique needs of healthcare spaces. A successful partnership with these entities can assure that every decision from the location of your clinic to the final design embodies your practice’s values and commitment to patient care.

Most importantly, take the time to tour the prospective space with the lens of a patient and a provider. Your retail space is more than your clinic’s address; it’s the first step in your patient’s health journey and the foundation of your practice’s legacy.

Are you looking for space planning and remodeling guidance for a new retail space or healthcare clinic here in Indiana? Contact BAF Corporation at 317-253-0531 for help with everything from space planning and permitting to healthcare construction, tenant remodeling, and retail franchising in Indianapolis, Indiana. We serve clients all throughout the state.

Navigating Indiana Commercial Building Codes: Everything You Need to Know

Posted on February 19, 2024 by bafcorp20

Developing a commercial property in the vibrant state of Indiana is an exciting venture. Whether you’re an established Real Estate Developer or a burgeoning Business Owner looking to expand, the process of construction is a critical stage that demands your utmost attention. Understanding the commercial building codes of Indiana is not only a legal requirement but a foundational step in ensuring the safety and functionality of your future space.

This comprehensive guide is designed to demystify the intricate web of Indiana’s commercial building regulations, providing you with the knowledge to navigate this essential aspect of your commercial development project.

Call 317-253-0531 to Speak With a Commercial Construction Contractor in Indianapolis

Understanding Indiana Commercial Building Codes

When embarking on a commercial construction or renovation project in Indiana, adherence to building codes is non-negotiable. These codes are designed to establish minimum standards for the construction and occupancy of buildings to safeguard public health, safety, and general welfare. Indiana enforces a set of technical codes that are updated regularly to reflect national standards and best practices. The regulatory scope covers a wide range of aspects in construction, including structural integrity, fire safety, energy efficiency, and accessibility.

The Indiana Department of Homeland Security (IDHS) is the state entity responsible for aspects of building safety, including fire and building safety regulations. Local jurisdictions, such as counties and cities, enforce these state regulations, often tailoring certain aspects to reflect the nuances of their communities. It’s imperative to be aware of your local building commission or authority having jurisdiction (AHJ), as they are the primary enforcers of commercial building codes at the local level.

Key Areas Covered by Indiana Commercial Building Codes

Structural Requirements

The structural design of a commercial building must comply with stringent criteria to ensure it can withstand the forces it will encounter during its lifespan. This includes calculations for building loads, wind resistance, and even seismic considerations in certain regions.

A licensed structural engineer plays a vital role in ensuring that your design and materials are up to code, and their approval is often required before project approval is granted. Local AHJs may also conduct inspections throughout the construction process to verify compliance.

Fire Safety Regulations

Fire prevention and safety in commercial buildings is a top priority. Indiana’s commercial building codes incorporate standards for fire-resistive materials, means of egress, fire suppression systems, and more. Requirements may vary depending on the building’s use and occupancy classification, with higher standards for public spaces and buildings housing vulnerable populations.

Developers and business owners must ensure their properties are equipped with the necessary fire safety measures, such as suitable alarm systems, fire exits, and extinguishing systems. Periodic inspections by the fire marshal are common, especially for high-occupancy structures.

Accessibility Standards

Commercial properties must be accessible to individuals with disabilities as per the Americans with Disabilities Act (ADA). Indiana’s building codes reflect the federal requirements for accessibility, specifying the design parameters for elements such as parking spaces, ramps, doorways, and restrooms.

Consideration for accessibility should be integrated into the design process from conception to completion. The involvement of an ADA consultant and regular check-ins with AHJ can help to ensure that your property meets the necessary accessibility standards.

Energy Efficiency Guidelines

Indiana has adopted energy codes that align with national standards such as the International Energy Conservation Code (IECC). These codes aim to reduce energy consumption in all types of buildings through the regulation of building envelope, mechanical systems, lighting, and water heating.

Meeting these guidelines often involves detailed energy modeling and can influence the size and specifications of systems within your commercial property. Energy code compliance may also offer benefits such as reduced operating costs and improved marketability.

Implications for Commercial Developers and Business Owners

Navigating Indiana’s commercial building codes presents numerous implications, both during the planning and construction phases as well as upon the property’s eventual occupancy.

Compliance Costs and Time frames

The cost and time involved in ensuring your property meets code can be significant. Early engagement with a construction contractor familiar with local codes is crucial to mitigate unexpected expenses and delays.

Impact on Project Design and Construction

Code compliance often necessitates design adjustments that can impact the aesthetics, functionality, and cost of your project. Engaging with design professionals early in the process is key to integrating compliance measures seamlessly.

Legal and Financial Consequences of Non-Compliance

Failing to adhere to commercial building codes can result in serious ramifications, including delayed project approval, fines, and even litigation. Thorough documentation and clear communication with your construction team are essential to avoid non-compliance pitfalls.

Best Practices and Resources for Building Code Compliance

The complexity of Indiana’s commercial building codes makes it essential to approach code compliance strategically. Here are some best practices and resources to assist you in this endeavor.

Hiring Professional Commercial Construction Contractors for Code Compliance

Experienced commercial construction contractors are well-versed in navigating the various requirements and nuances of Indiana’s building codes. Their knowledge and expertise can prove invaluable in ensuring that your project meets all applicable regulations.

Staying Updated with Code Revisions

Building codes are not static and are subject to regular updates. Subscribing to newsletters, attending workshops, and maintaining dialogue with local building authorities will help you stay informed about any changes that could affect your project.

Utilizing Technology for Code Adherence

Technological tools like Building Information Modeling (BIM) and construction management software can enhance code adherence by providing a digital platform for comprehensive planning, tracking, and documentation of compliance efforts.

Conclusion

Understanding and adhering to Indiana’s commercial building codes is a guaranteed way to set your project on the path to success. The safety and accessibility of your building, along with its energy efficiency, are not just legal requirements but important considerations for the longevity and reputation of your property. Don’t wait until you’re neck-deep in the construction process to address code issues. Acting with foresight can save you both time and money. Start building a compliant and successful future today. By taking a proactive approach to code compliance, you not only fulfill regulatory obligations but also ensure the satisfaction of tenants and the community at large.

Your next step in mastering the commercial building codes of Indiana is to reach out to professionals in the industry who can offer guidance specific to your project. Contact BAF Corporation at 317-253-0531 for reputable commercial construction and remodeling in Indianapolis and its surrounding counties.

Why Space Planning Construction is So Valuable For Businesses

Posted on October 4, 2022 by bafcorp20

Do not make the mistake of thinking that space planning and design is the same thing as interior design services. Space planning construction is one of the most valuable elements of a business plan. Not only does proper space planning and design deliver enhanced efficiency, in terms of both energy and staff productivity, but also attracts more clientele and customers.

Continue reading to learn why space planning construction is so valuable for your business, plus who to trust in central Indiana for premier space planning services for commercial properties.

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Why Choose Commercial Space Planning Services

Commercial space planning best benefits commercial businesses like offices, retail stores, restaurants and similar commercial spaces that serve clients or customers. By failing to incorporate smart commercial space planning and design into your commercial remodel or renovation, you are preventing yourself the opportunity to increase your customer base and yearly dividends. Not only can smart commercial space planning, increase staff contentment, thus improving their overall productivity, but it can also increase customer contentment, which can increase return business.

The most valuable benefits of commercial space planning and design all contribute to your business’s overall success. Let’s take a closer look:

Reduce Wasted Space

When it comes to owning and operating a business, waste is something you want to mitigate as much as possible. As for the square and cubic footage of your actual facility or office, the same principle applies. Smart space planning and design will allow you to reduce wasted space in the work environment, allowing you to make the most of your property.

Attract and Keep Business

It is confidently suggested that a well-planned space, whether an office or restaurant, is more impressionable on a customer or client. A good first impression is essential for repeat business and business that renders higher margins. If your space is poorly designed or sloppily organized, it will leave a bad impression on customers and clients, which is likely to negatively influence their opinion of your company and the services or products it offers.

Maintain High Employee Productivity

As mentioned earlier, a space that is well designed and planned out will make employees happier because they are more comfortable, plus they are given a platform that allows them to do their work efficiently and with a higher level of convenience. In turn, this increases employee productivity, which directly impacts your bottom line.

Plan For Future Expansion

Most business owners have plans to grow their company, and a well-planned space can allow you to make these renovations and build outs as needed. Space planning and design that incorporates a plan for future expansion will allow you to cost-effectively accommodate any growth you experience in your company.

Are you looking for a trusted commercial general contracting company in Indy but unsure where to begin? Contact BAF Corporation at 317-253-0531 for comprehensive commercial space planning and permitting in Indianapolis, Indiana. We work with clients all throughout the state.

The Importance of Commercial Roof Inspections

Posted on July 22, 2022 by bafcorp20

Commercial roof inspections are a critical part of maintaining and protecting your asset. From mandatory lending procedure and long term investment protection to sustainable functionality, staff comfort, consumer experience, and above all else, safety, the condition and performance of your commercial building’s roof system can have a significant impact on various aspects of business, and in due course, your company’s overall success.

Continue reading to learn more about the importance of commercial roof inspection, including what makes them so valuable and which Indianapolis commercial general contracting company to trust for professional roofing service.

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Buying or Building a Property

Some states have strict lending guidelines for anyone acquiring a commercial building. These requisites are generally stiffer in regions that experience higher levels of precipitation, especially hail and snow. Many lenders in these areas often make commercial roof inspection a mandatory part of the lending process, and the roof of the property must pass certification in order for the bank to provide the money for procurement. Even dryer regions may require roof certification before lending money to buy a home. The same requirement is also a common procedure for insurance companies. A roof must be inspected and intact for some insurance carriers to take on a client.

Roof Durability

The lifespan of a commercial roofing system depends on several factors, particularly the material, how it was installed, ventilation, the level of care it was provided, and environmental surroundings. A good roof should last at least 20 years, but some materials can last up to 40 or 50 years. Properties built in regions that experience heavy snowfall, especially those who get year-round snow, usually have to have their roofs replaced every 5 to 10 years, even with proper care. Having a proper roof is vital to your safety, security, and investment. Since they are expensive investments, it is important to do everything in your power to ensure your roof remains in optimal condition. A roof inspection is the only method of being sure.

Commercial Roof Inspections

The purpose of a commercial roof inspection is to assess and determine the structural integrity of the roof and all incorporated and relevant features. Roofing inspections are also meant to catch small problems before they turn into big ones that cost a lot to renovate or repair. A proper roof inspection will be able to tell a building owner about the current condition of the roof, any foreseeable problems it may have, and how long before it will need to be replaced. A licensed commercial general contractor has several methods for verifying this type of information.

Always Enlist a Pro for Roof Work

It is not always necessary to climb a roof and pull out shingles. Instead, most contractors have sophisticated procedures, technologies, and equipment that allows them to facilitate accurate assessments. This includes infrared technology, which allows contractors to make their assessments without ever having to make physical contact with the roof. These infrared assessments show the differentiating temperature levels of a roof, in which high temperatures are common indications of air and heat escape.

Do you have questions about commercial roof inspection, repair, or replacement in Indiana? Contact BAF Corporation at 317-253-0531 to speak with a seasoned Indianapolis Indiana commercial general contractor, today.

How to Determine Parking Lot Size for Your Commercial Building

Posted on June 30, 2022 by bafcorp20

Your commercial building will be able to occupy or service a predictable number of people, and your parking lot should be able to accommodate your occupancy ranges accordingly. Continue reading to learn about the science behind parking lot ratios, which can help you determine the proper parking lot size for your commercial building.

Parking Lot Contractors Indianapolis Indiana 317-253-0531

Why Parking Lot Ratios are Important

Believe it or not, your parking lot can have a large impact on the overall success of your company. According to a recent American Community Survey, an average of 76.4% of Americans drive to work. Additionally, consumers are more likely to drive their own vehicles to their desired destinations then take public transportation or walk. This is especially true in Indiana.

It is important that your parking lot is large enough to accommodate the maximum occupancy and traffic expected within your facility, plus provide safe and compliant design thoughtful and compliant design that both protects drivers and pedestrians and leads them in the right direction. It is also important to note that curb appeal plays a major role in business traffic. The better your parking lot looks and functions, the more traffic you’ll likely see.

What are Parking Lot Ratios?

Parking lot ratios are a standard commercial real estate metric used to examine the link between building size and parking space. Like any ratio, a parking lot ratio will produce a size-to-occupancy percentage recommended for a commercial building. And it is all calculated with a simple math formula. To calculate parking lot ratio for your commercial building, you would need to divide the total number of parking spaced by the square footage of your property in thousands of feet.

Here’s an example:

Building Square Footage: 60,000 sq. ft.
Number of Parking Spots: 300
Equation: 300 ÷ 60,000 = 0.005
Finish the Equation: 0.005 x 1,000 = 5

Answer: 5 Spots Per 1000 Square Feet

How To Apply Parking Lot Ratio Calculations

Parking lot ratios generate a reliable foundation for designing the proper parking lot infrastructure for a commercial building. However, it is important to apply additional, relevant factors to determine the best lot size and ratio to your property’s total square footage. The top three factors that will have an impact on your final decision for parking size include the properties use, local building codes, and current market conditions.

How the Building Will Be Used – Your commercial building’s intended purpose of use will play a role in the total number of parking spaces needed for your property. For instance, restaurants will require more spots than a warehouse facility. Restaurants have tables that occupy multiple patrons who arrive in multiple vehicles, while a warehouse facility will likely only require parking for staff and visitors. The same principle applies to hotels versus office buildings, and so on.

Local Building Codes – Local zoning and building codes may also influence how many parking spots, your building should or can have. Some jurisdictions have a set standard for parking lot ratios, thus requiring contractors to submit building plans prior to breaking ground for approval from the city.

Market Saturation – The market condition will also have an effect on your decision to incorporate more or less parking spots in your lot. For example, companies located in busy downtown areas or city centers. Both consumers and staff. Companies located in suburban or rural areas will likely require less parking availability.

Get Tips From a Pro

Parking lot ratios are easy to calculate and give real estate developers and business owners an advantage when comparing property lot sizes in the market. Consult with a licensed Indiana commercial general contracting company for help determining the best parking lot size and building square footage ratio for your company.

Are you looking for help with commercial remodeling, new construction, or design? Contact BAF Corporation at 317-253-0531 for licensed and certified commercial general contractor services in Indianapolis Indiana. We serve clients all throughout the state.

The Basics of High Rise Architecture and Design

Posted on June 23, 2022 by bafcorp20

Commercial real estate investors are fully aware that the availability of land and space is quickly dwindling. Perhaps this could be the reason why so many high-rise buildings are being constructed these days. If you are a developer looking to build new real estate in a crowded city with a rapidly-growing population, you too would be wise to consider high-rise construction.

Continue reading to review some important basics you want to know about high-rise architecture and design.

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Commercial High Rise Preconstruction Planning

Whether you are building a high-rise for residential or commercial applications, the most important step in the process is to have a solid plan in place. Commercial preconstruction service is an excellent approach to planning a high-rise build, and with the help of a licensed commercial construction management company in Indiana, you can achieve great results with your project.

During the process of commercial preconstruction, you can expect to review and decide on all aspects of the build from start to finish. This includes lot procurement, building codes and permits, architectural design, interior design, supplier arrangements, and all other phases that take place prior to breaking ground.

Overall, building a high-rise property is a complex project that requires the astute management of a qualified commercial general contracting company. After all, high-rise projects are a riddle in themselves being that the goal is to build a space-saving property that can fit potentially thousands of occupants. But once the space is established and planned out, there are still some framework, design, and structural stability considerations to keep in mind.

Framework Considerations for High-Rise Buildings

When you are planning a high-rise build, you want to think about how many, and which types of occupants will be using it. Is it an office building? Is it a residential property? Will there be tenants, employees, or guests? Will there be a combination of staff and guests, like a hotel? It is important to have a full comprehension of the expected general capacity for your high-rise building in order to accommodate the needs of the occupants inside. This means determining how many stories your building will have, how much space will be incorporated into each level, how many rooms or offices on each level, the number of bathrooms required for each level, the extent of ADA compliancy you will be incorporating, and much more.

High-Rise Design Considerations

Although designing is the fun phase of any building project, it is one to take seriously when it comes to high-rise development. Commercial real estate investors and developers can choose to put their own custom or personalized touches on the design or opt for a more generalized and neutral design palette. There is much opportunity for versatility in the design phase of high-rise new construction project. Most high-rise developers appeal to the idea of putting a unique and eye-popping feature on the outside of their buildings or in the overall exterior structure of their buildings. This is something to think about during the design phase of your high-rise construction project. Just keep in mind that function is still most important when it comes to any type of new construction build.

Structural Stability Considerations

High-rise buildings are unique in the architectural design and commercial construction world. At such great heights, they are more exposed to inclement weather conditions like strong winds, UV rays, extreme temperatures, and more. And because of their high structure, they are even more vulnerable in terms of natural disasters like hurricanes, earthquakes, and tornadoes. For this reason, it is important to consider your budget in terms of materials. High-rise buildings require double reinforcement of structural steel and concrete to be resistant to inclement weather conditions like winds and temperature changes, so you will need to be sure you have room in the budget for this before anything else.

Would you like to learn more about your commercial construction and development project ideas? Are you looking for a trusted commercial construction company in Indy but unsure where to begin? Contact BAF Corporation at 317-253-0531 for comprehensive commercial preconstruction management services in Indianapolis, Indiana. We work with clients all throughout the state.

Pros and Cons of Moving Your Business From the City to the Suburbs

Posted on June 16, 2022 by bafcorp20

Everyone knows it is more expensive to live in the city compared to the suburbs, and this year, the price of city life has seemingly skyrocketed. From excessive overhead expenses, rising corporate rent, and loss of tenancy across the board, it is no surprise that so many business owners are choosing to relocate outside of the city district to a more cost-effective region. Yet despite the many benefits that come along with moving your business to the suburban areas, you can expect to encounter a few pitfalls.

Before choosing your new business space in the suburbs, continue below to review some well-noted pros and cons of making the move, plus where to get the best commercial real estate space planning and permitting advice in Central Indiana.

Commercial Real Estate Contractors Indianapolis Indiana 317-253-0531

Should You Locate Your Business in the City or Suburbs?

Like anything decision in life, deciding between moving your business or staying in the city will require some critical thinking. One of the most basic methods of gearing up a successful brainstorm is comparing pros and cons. Many argue that moving a business to the suburbs will deliver cost-savings and ultimately, a higher quality of living. While others warn that making such a move can subject a business to reduced access to nearby amenities and walk-in customers, as well as a smaller pool of aptitude.

Pros:

You Will Save More Money and Have a Better Life

Relocating your business to the suburbs or suburban areas will certainly set you up for a long list of cost savings. Not only can you attain cheaper office rent or commercial lease, but you will also enjoy lower taxation rates and pay less in payroll.

As for your actual business space, you will get more bang for your buck in the suburbs. Office spaces in suburban areas tend to have more square footage and cubic square footage. They also tend to have better features and amenities, such as parking lots, landscaping, security, and more.

When it comes to paying taxes, you will be relieved of your responsibility to cover income tax, corporate tax, sales tax, and more. You will likely pay less in payroll since you won’t have to compete with the average cost of living in the city. Those who live and work in the suburbs have lower living costs, which means a lower salary will still be a desirable one because still goes a long way.

Saving all this money on overhead expenses, taxes, and facility maintenance will have a significant impact on your annual dividends, and more importantly, your overall quality of life. Suburban life is typically safer and experiences less criminal activity.

Cons:

The Needs of Large Scale Organizations May Not Be Met

If your business is a large corporation or company, the city might be the most compatible location in terms of meeting the needs of your business operations and objectives. For instance, city areas are typically epicenters for all sorts of travelers, cultures, services, entertainment, and more. Some businesses rely on this draw of people.

Additionally, walkability is greatly reduced in the suburbs. Being in the city gives you access to all sorts of services and stores within walking distance. For businesses that rely on walk-by or walk-in service, a city location that is densely packed will be most beneficial. Along with walkability, city areas have ample access to public transportation.

If a business chooses to move from the city to the suburbs, they could risk losing a wide scope of talent and entertainment. It is much easier to find talented employees and contractors in the city than it is in the suburban areas. Furthermore, it can be more difficult to locate and procure the resources you need for your business operations.

Would you like professional assistance with commercial real estate procurement in Indiana? Contact BAF Corporation at 317-253-0531 for commercial space planning and permitting in Indianapolis, Indiana. Our commercial general contractors can help you find and renovate the best space for your business.

How Much Does Commercial Building Demolition Cost?

Posted on May 10, 2022 by bafcorp20

Procuring a new commercial property is an exciting venture, but not all come turnkey. Demolition is often a standard phase of the preconstruction process. Many commercial real estate developers and investors purchase preowned properties that require demolition and lot clearing before new construction can begin. If you are faced with the responsibility of hiring a demolition company to clear out your lot before breaking ground, your first thoughts are likely focused on cost.

Continue reading to learn the average costs of commercial building demolition, plus who to trust for streamlined preconstruction services in Central Indiana.

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The Average Costs of Demolishing a Commercial Building

The costs associated with commercial building demolition are ever-changing. Currently, you can expect to pay relatively economical rates to demolish a commercial building; per square foot, commercial demolition rates range from $4 to $8.

In the United States, the average commercial building demolition costs around $30,000. This is based on the average commercial building size of 5,000 square feet. Larger commercial buildings will obviously have higher demolition expenses. Smaller commercial buildings may have less expensive demolition costs.

What to Expect From the Commercial Demolition Process

🏗 Building Measurements

The first step to coordinating the demolition for a commercial building is to have the property measured. A tape measurer can sometimes do the job, but for larger or more complexly-designed properties, a professional surveyor will need to do the measuring. The more accurate your measurements, the more accurate your total expenditure will be.

🏗 Asbestos and Radon Removal

A building must be inspected for asbestos and radon before moving forward with demolition plans. If asbestos and radon are discovered, then a specialized team must be hired to remove asbestos and/or radon in accordance with all EPA guidelines. This would be an additional cost to demolition, typically averaging around $3 per square foot.

🏗 Demolition Company

At this point in the process, an investor or building owner would be ready outsource commercial demolition services. It is important to select a skilled and seasoned demolition contractor who specializes in commercial work. It is recommended to hire an Indianapolis commercial general contracting company for comprehensive commercial construction services, including demolition, design, and construction.

🏗 Permits for Demolition

Although the commercial demolition company typically handles the permit acquisition, an investor or building owner may be responsible for covering the costs. The cost of a demolition permit can vary greatly among projects. In most cases, they are a few hundred dollars or so. But in other cases, they may cost an upwards of $10,000 or more. This might happen in areas where demolition is strongly discouraged.

🏗 Preconstruction Site Cleanup

Once the demolition is complete, the site needs to be cleaned up and cleared off to allow for future construction. This phase of the demolition process is referred to as post-demolition cleanup or preconstruction site cleanup. Some demolition contractors include this stage as part of their services, but not all.

If the demolition company does not offer post-work cleanup, an investor would need to hire a separate company for the job. The cost of post-demolition cleanup can also greatly vary depending on the size and scope of the demolition. Expenses that will add to the total cost of demolition site cleanup include dumpster rentals, hauling costs, landfill costs, and processing costs.

▷ Dumpster Rentals – This can cost anywhere between $300 and $3000. It depends on the size of the containers, how many days they are rented, and which services are chosen (i.e. drop off, pickup, etc.).

▷ Hauling – Hauling costs usually average around $1000 but can be more for larger-scope cleanups.

▷ Landfill Fees – Having garbage and scrap transported to a landfill is not free. These costs typically average around $50 per ton of scrap.

Are you ready to move forward with your commercial demolition project in Indiana? Contact BAF Corporation at 317-253-0531 to speak with an expert Indianapolis commercial general contractor about your commercial preconstruction needs and options, today. We serve clients in all industries and throughout all of Central Indiana.

What to Consider When Selecting a New Investment Property

Posted on April 25, 2022 by bafcorp20

Many experts will agree that investing in commercial real estate is a wise endeavor. Several of the most successful businesswomen and men in the world have an investment property or two within their portfolios. If you are currently searching for some income-generating commercial real estate to invest in, continue below to review some top considerations that will help you be the most successful with your business enterprise.

Commercial Preconstruction Indianapolis IN 317-253-0531

Commercial Real Estate Research

When you are preparing to view potential investment properties, research and strategy are essential. The more you know, the more successful you will be in choosing the right properties for your business objectives. Ultimately, you want your commercial property to produce income. In order to achieve this goal of profitability, it is critical to know what to look for. Here are 5 key considerations that will help in your search:

Location

When it comes to real estate of any kind, location will always be a top priority, as it is always a top factor in terms of filling vacancies. Everyone looking to rent wants the best location they can find, but for commercial real estate, some locations are better than others. Think about the surrounding infrastructure, current construction activity, roadway systems, ease of access, interstate/highway entry, surrounding retail, seasonal activity, population, and more.

Existing Listings and Vacancies

Another important consideration when viewing potential income properties is the current vacancies and active listings included. Are there a high number of active listings? How reliable are they? Is the number of active leases influenced by seasonal activity or cycles? These are important questions to ask. As for vacancies, the same need applies. High vacancy could mean a future of low rental rates and mediocre profitability, while low vacancy can portend higher rental rates due to higher demand for space.

Property Taxes

Your next consideration is property tax. After all, you can’t avoid Uncle Sam, especially in the real estate industry. With each new viewing, you need to have a full understanding of the property tax requirements. But do not be scared off right away by high property taxes, as this could be an indicator of just how high in demand the location is. This is common among Class A commercial properties. Also be aware that high property taxes can exist in less desirable neighborhoods as well.

Average Rental Rates

Numbers are important for any type of investment, so knowing the average rental rates in the neighborhood and surrounding region is a vital step toward selecting the right investment property. The rental income for an investment property is the main contributor to your investment’s profitability. You should perform a comprehensive rental history evaluation and cost foreseeability analysis to fully understand just how much rental income you might be looking at, now and in the future.

Future Development

Smart business people are forward-thinkers. And with choosing a commercial real estate investment property, it is important to understand the potential for future growth and expansion. You can rely on the municipal planning department to provide information on any localized developments that have already been zoned. Furthermore, you want to touch on the volume of construction currently taking place in the area. If there are many, it is suggestive of an area in high demand or showing significant growth, both of which would be beneficial to your bottom line.

Are you looking for a commercial management team to help you with preconstruction service in Indiana? Contact BAF Corporation at 317-253-0531 for p reconstruction services in Indianapolis, including commercial space planning and permitting. We serve clients all throughout the state of Indiana.

Am I Required to Upgrade My Automatic Sprinkler Fire Suppression System?

Posted on December 28, 2021 by bafcorp20

A good business owner who operates out of a brick-and-mortar location is proactive and practical about fire safety, no matter what time of year it is. Having an automatic sprinkler fire suppression system plan in place is one of the most important elements of a premise liability and asset protection program. As a commercial building owner, it is vital that you understand your building code requirements for automatic sprinkler fire suppression system upgrades, especially when planning a remodeling or renovation.

Continue reading to learn when you might be required by law or municipal code to upgrade your automatic sprinkler systems, as well as who to call when it’s time to schedule the project.

Fire Suppression Installation Indianapolis Indiana 317-253-0531

Automatic Sprinkler Fire Suppression Systems for Commercial Buildings and Businesses

There are several deciding factors to consider when planning a commercial renovation in a building that is equipped with an existing automatic sprinkler fire suppression system. For many, building codes require the commercial buildings upgrade their automatic sprinkler fire suppression systems if the renovation entails a certain scope of work.

Fire Suppression Building Code Requirements for Construction

Automatic sprinkler fire suppression systems are vital for public safety and investment protection. For this reason, they are often required by local, state and federal law in commercial buildings and public spaces. When it comes to building codes for commercial sprinkler systems, the requirements will differ depending on the type of construction.

New construction builds will require a separate set of building codes compared to existing buildings that are having renovation or remodeling work done. It is important to know the difference between the different building code requirements for automatic sprinkler fire suppression system upgrades and expansions.

Talk to your Indiana commercial general contractor for expert guidance and up-to-date information, as such codes are subject to change at any time.

Commercial Building Renovations

Commercial building renovations require automatic sprinkler fire suppression system upgrades and/or installations under very specific circumstances, including the detailed specifications of the construction and the location of the building itself.

For instance:

If a commercial construction project will expand a building’s fire area square footage by 5000 ft.² or more, building codes require that the facility install an automatic sprinkler fire suppression system.

If a single tenant expansion project that requires a new certificate of occupancy results in expanding a building’s fire area square footage by 12,000 ft.² or more, building codes require that the facility install or upgrade their automatic sprinkler fire suppression system.

All automatic sprinkler fire suppression systems, whether installing them new or upgrading an existing system, are required to extend throughout the entire commercial building in order to be compliant under local, state, and federal building codes.

Are you wondering if you should upgrade or expand your commercial building’s automatic sprinkler fire suppression system or similar mechanical systems? Contact BAF Corporation at 317-253-0531 for professional commercial general contractor services in Indianapolis Indiana. We serve clients all throughout the state.