Maximizing Leasehold Improvements: A Guide for Commercial Tenants

Posted on March 5, 2024 by bafcorp20

Leasing a commercial space is not merely a transaction; it’s an opportunity for business expansion and customization. One of the core incentives this transaction offers is leasehold improvements, often referred to as a “build-out” or “fit-out” in the commercial real estate vernacular. When executed strategically, these improvements can significantly enhance the functionality and appeal of your business premises.

In this comprehensive guide, we’ll walk you through the complex world of commercial tenant improvements, empowering commercial tenants with the knowledge needed to turn a blank canvas into a dynamic business environment that reflects your brand and elevates your operations.

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Understanding Leasehold Improvements

Leasehold improvements broadly encompass any alteration to a leased space undertaken to customize it for the specific needs of the tenant. These alterations could range from simple paint jobs to full-scale renovations, such as partitioning a large open space into private offices or adding fixtures and equipment unique to the tenant’s business.

Types of Commercial Tenant Improvements

There are various types of commercial tenant improvements, each with unique benefits:

Cosmetic enhancements: These include painting, new carpeting, and minor wall adjustments. They are usually the most straightforward and cost-effective upgrades, yet they can do wonders for the aesthetics and atmosphere of the space.

Functional improvements: Think of these as upgrades to the “engine room” of your office—things like electrical work, HVAC adjustments, and installing or modifying utilities to accommodate specialized equipment.

Structural changes: These are significant modifications that can impact the building itself, such as adding or removing walls, changing the floor plan, or altering the layout of the space. They often require more complex planning and compliance with building codes.

Benefits for Businesses

The significance of commercial leasehold improvements for businesses cannot be overstated. By tailoring your commercial space to your unique operational requirements and aesthetic goals, you create an environment that can boost employee morale, improve workflow efficiency, and enhance customer experience. Financially, these renovations can also add value to your business, improving asset base and the ability to resell your business in the future if tenant improvements are done well.

Negotiating Leasehold Improvements

Negotiating for the right to make tenant impr o vements during your lease term is a critical part of the leasing process. Many first-time tenants underestimate the importance of this negotiation. Here are key points to consider:

Tips for Negotiating with Landlords

Start Early: Space planning and preconstruction are key elements in the process. Begin discussions about desired renovations and repairs before the lease is finalized or use sketches and notes to convey your vision to the landlord.

Be Clear and Detailed: Develop a thorough scope of work outlining each renovation or repair you’re proposing. Clarity and detail reduce ambiguity and the potential for disputes.

Understand Landlord’s Perspective: Landlords are typically more amenable to tenant improvement plans that add value to the property. Frame your requests in terms of sustainability and long-term asset enhancement.

Cost Considerations and Budgeting

Factor in the Unknowns: Construction projects often have unforeseen costs. A good rule of thumb is to budget at least 10-15% of the construction cost for unexpected expenses.

Assess Long-Term Expenses: Consider the energy efficiency and ongoing maintenance costs of new systems and fixtures. The initial investment in a higher quality system or material could lead to long-term savings.

Consult a Construction Company Early: Commercial general contractors can provide ballpark figures based on similar past projects. Involving them early can prevent over-engineering or under-bidding on work.

Execution of Commercial Tenant Improvements

Once the negotiation phase is complete, the focus shifts to executing the renovations or remodels. This is the stage where the plans become reality, and it’s crucial to manage the process with precision.

Hiring a Commercial General Contractor and Managing Timelines

Choose a Company with Experience: Look for a construction company that specializes in commercial projects and understands the unique demands of your business sector.

Create a Realistic Timeline: Work with your construction contractor to establish a timeline that aligns with your business needs, as delays can have a significant impact on your operations and bottom line.

Communicate Openly and Often: Regular communication with your construction manager can help to identify and solve problems early, keeping the project on track.

Compliance with Regulations and Agreements

Permitting and Codes: Be aware of the local building codes and permitting processes. Failure to comply can lead to costly delays or worse—legal ramifications.

Insurance and Liabilities: Understand what your insurance covers and make sure your commercial general contracting team (and any subcontractors) have their own policies. Clarity on liability can protect all parties involved.

Protect Leaseholder Rights: Ensure that the lease clearly specifies tenants’ rights and obligations regarding improvements. This can protect you if the landlord sells the property during the lease term or if there is a dispute regarding the condition of the space at the end of the lease.

Maximizing Value from Tenant Improvements

The key to maximizing the value of commercial tenant renovations is to approach the process holistically, balancing the short-term benefits with long-term business goals.

Enhancing Functionality and Aesthetics

Design with Efficiency in Mind: Work with an architect or interior designer to ensure the layout and design of your renovations optimize the space for your business needs.

Choose Durable Materials: In high-traffic areas, durability is key. Look for materials that can withstand the demands of a commercial environment without sacrificing style.

Acoustics and Comfort: Renovations that enhance acoustic, reduce noise, and provide ergonomic workspaces can lead to a more productive and comfortable work environment.

Long-Term Benefits for the Business

Scalability: Design your improvements with potential future growth in mind. Can walls be easily moved? Are utilities accessible for future expansion?

Technology Integration: Ensure your space is designed to accommodate current and future technological needs, from data cabling to power needs for modern office equipment.

Sustainability and Energy Efficiency: The commercial world is increasingly focused on sustainability. Consider energy efficiency improvements that reduce your environmental impact and operating costs, like energy-efficient lighting and advanced building management systems.

Conclusion

The process of commercial tenant leasehold improvements is a significant opportunity for commercial tenants to mold their workspace in a way that directly supports their business objectives. By understanding the intricacies of this process—from negotiating the initial permit to the execution of the project—and focusing on the long-term value rather than short-term costs, tenants can gain a competitive edge in the commercial real estate market.

If you’re a commercial tenant preparing for a lease negotiation or improvement project, the expertise of a professional commercial general contractor can be invaluable. They not only bring construction know-how to the table but can also provide insight and advice derived from experience with similar projects in their portfolio.

Don’t leave the potential of your commercial space untapped; with the right approach to leasehold improvements, you can create a dynamic environment that sets the stage for your business to thrive. Contact BAF Corporation at 317-253-0531 to speak with an expert Indianapolis commercial general contractor about your options for tenant improvement remodeling and more. We serve clients in all industries and throughout all of Central Indiana.

Understanding Landlord-Funded Build-Out Allowances in Indiana

Posted on February 29, 2024 by bafcorp20

Navigating the intricate world of commercial leasing can be daunting, especially when it comes to understanding complex clauses like the build-out allowance. Whether you’re a prospective tenant eyeing a new space, a landlord assessing property value, or an investor seeking the best ROI, your understanding of this critical component needs to be as polished as the walls of your up-and-coming storefront. This piece is your keystone in decoding the landlord-funded build-out allowance specifically within the legal scope and practices of Indiana.

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Delving Into Build-Out Allowances

Before we get into the nitty-gritty of Indiana’s build-out allowances, it’s pivotal to understand what this term encapsulates. Essentially, a build-out allowance is an agreement within commercial leases where the landlord provides funding, typically calculated in cost per square footage, to the tenant for customizing or improving the space. Significantly, this clause acts as a tug-of-war rope, shifting the cost, and, relatedly, the benefits between tenant and landlord.

The Significance for All Parties Involved

For tenants, such allowances can mean significant cost savings and the chance to tailor a space to fit their operational and branding needs without hefty upfront expenses. Meanwhile, landlords capitalize on the allure of a customized space, attracting long-term tenants and potentially increasing the property’s value.

Indiana’s Lease Landscapes

Indiana, holding its own in the commercial real estate market, has its distinct set of regulations and common practices related to build-out allowances. These rules often vary greatly from those in neighboring states, which is why a state-specific understanding is essential.

Terms and Traditions in Hoosier State Leasing

Indiana leases commonly offer build-out allowances that are more generous than tenants might find elsewhere. These allowances are not only beneficial for the tenant but are smart investments for landlords aiming to set their properties apart in a competitive market.

Laying Out Perks for Commercial Tenants

Tenants are the direct beneficiaries of build-out allowances. Actively engaging with the allowance can have a series of favorable outcomes for businesses large and small.

Cost Savings and Customization Opportunities

These allowances extend substantial cost savings to tenants, with landlords often shouldering up to 100% of the build-out costs. Beyond finances, this provision facilitates the physical manifestation of a company’s brand and culture, vital in customer recognition and staff morale.

A Boost to Property Value

Tenants armed with a well-executed build-out plan can inadvertently enhance the property’s value. A space uniquely fitted to the tenant’s operations is likely to secure longer lease terms and a more profitable asset for the landlord.

Strategies for Property Managers

Property managers serve as the bridge between tenants and landlords, and understanding how to tactfully manage build-out allowances is a craft that’s perfected with the right approach.

The Art of Negotiation

Property managers must hone the art of negotiation. They should be adept at balancing a tenant’s needs with a landlord’s financial limits, often requiring a deep understanding of the local market for cost estimation.

Timing and Financial Foresight

Managing expectations is crucial; property managers must confidently set realistic timelines and financial projections for build-out projects. Mismanagement could sour the tenant-landlord rapport and disrupt the property’s long-term performance.

Real Estate Investor Perspectives

For real estate investors, understanding the implication of build-out allowances can significantly impact their decision-making processes.

Seizing Investment Opportunities

Savvy investors are always on the lookout for properties that hold potential for value addition. Coupled with a strategic build-out allowance, such opportunities become goldmines for investors looking to maximize their returns.

Evaluating the ROI

Assessing the ROI potential of a property investment with a build-out clause is critical. It’s not just about the initial costs but also the long-term gain from having a property that’s in high demand due to customized, well-maintained spaces.

Key Takeaways

Build-out allowances in commercial leasing are not one-size-fits-all. The complexity of the Indiana statutes and the multifaceted approach needed in dealing with these clauses require informed and strategic decision-making. Tenants, property managers, and investors alike must harness their knowledge of these allowances to turn commercial real estate into a realm of opportunity rather than venture into it as uncharted territory.

By grasping the nuances of Indiana’s distinctive approach to build-out allowances, commercial parties can foster environments where tenants thrive, landlords gain, and investment potential is maximized. It’s with this concerted knowledge and action that the market will continue to evolve and grow, responding to both the economic currents and the innovative spirit that is uniquely Indiana.

Ready to transform your commercial space into a tailored, thriving business environment in Indianapolis, Indiana? Contact BAF Corporation at 317-253-0531, today! Our expert team specializes in full-service tenant improvements and commercial build-outs, ensuring your space not only meets but exceeds your expectations. Make the most of your build-out allowance with professionals who know exactly how to bring your vision to life while maximizing your investment. We serve all corporate, commercial, and industrial industries in Indy and its surrounding districts.

Outsourcing Construction Management: A Guide for Business Owners and Developers

Posted on February 5, 2024 by bafcorp20

The landscape of building and development is a labyrinth of complexity and detail. For business owners and real estate developers, navigating the intricacies of a construction project can seem daunting. That’s where construction management steps into the blueprint. Organized, thorough, and adaptive management practices are not just beneficial; they’re necessary for any commercial project’s success.

In this extensive guide, we will explore why effective construction management is critical for your project’s success, how it can help control costs, ensure quality, and guarantee timely delivery. So, grab your hard hat and let’s dig into the foundation of successful construction management.

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Benefits of Hiring a Construction Management Company

Construction management balances intricate project details with overarching goals, a vital service for any real estate endeavor. Here’s what stellar construction management brings to your blueprint table:

Cost Control and Budget Management – Cost overruns can make or break a project. Construction management aims to ride herd on expenses, meticulously planning to squeeze the most out of every dollar, presenting realistic budgets, and ensuring the project stays on track financially.

Timely Project Completion – Time is money, particularly in construction. A competent commercial construction mana ger closely monitors timelines and coordinates tasks efficiently, so your grand opening happens when you plan it to – not months later.

Quality Assurance and Risk Mitigation – Defects and remedial work are the antagonists in any construction story. Effective management insists on quality from the get-go, foreseeing potential problems and heading them off before they manifest into costly fixes.

Key Elements of Construction Management

The pillars that play a vital role in maintaining a strong construction management structure include effective planning, efficient resource allocation, clear communication channels, thorough risk management, and continuous monitoring and evaluation. These essential components work together to ensure successful project execution, timely completion, and overall project success.

Planning and Project Scope – Before the first brick is laid, a detailed plan that outlines the project scope, milestones, and deliverables is crafted to keep everyone from architects to contractors on the same page.

Resource Allocation and Scheduling – Efficient use of materials and labor ensures a project doesn’t just meet benchmarks but passes them flying colors. Scheduling resources optimizes productivity and keeps the project humming.

Communication and Coordination – The symphony of construction depends on various teams and contractors working in harmony. Constant communication and coordination are the conductors that ensure this symphony plays out without a hitch.

Quality Control and Inspections – Stringent quality checks and regular inspections are not paper-pushing formalities. They are the checkpoints that maintain high standards and ensure compliance with all regulations and codes.

Choose Construction Managing for Your Commercial Build

Embarking on a commercial build without a seasoned construction manager might be akin to setting sail without a compass — a risky endeavor that may steer your project into choppy waters. The role of a commercial construction manager is not just oversight; it’s the linchpin of project success, mitigating risks and harmonizing a myriad of moving parts. From preempting obstacles to proficiently aligning resources, their expertise is irreplaceable.

In an industry punctuated by deadlines and stringent budgetary confines, a construction manager is your stalwart commander, marshaling trades and technologies with finesse. They don’t just manage—they enhance your build, fortifying it against the unexpected, boosting efficiency, and elevating quality.

Perhaps most significantly, they translate construction chaos into the language of progress—a feat that ensures your venture not only survives but thrives. Investing in construction management isn’t an ancillary expense; it’s the catalyst that propels a commercial construction from concept to landmark reality.

Conclusion

Construction management is not a luxury; it’s a project cornerstone. It assures business owners and real estate developers that their commercial interests are built on solid ground, promising structural integrity, and financial soundness. Through the alchemy of cost-effective project planning and quality assurance in construction, coupled with the adoption of construction management best practices, the aim is to execute flawless projects that stand the test of time. Whether engaging a construction management company or bringing on board an individual construction manager, remember that with the right management, your construction project can go from a concept to a crown jewel in your portfolio.

If you’re ready to build your future on the bedrock of excellence, these pillars of effective construction management will help to establish your project well beyond the industry standards. Contact BAF Corporation at 317-253-0531 to speak with a seasoned commercial construction contractor in Indianapolis, Indiana, today.

Top 4 Tenant Improvements to Boost Office Productivity

Posted on September 26, 2022 by bafcorp20

If you are a business owner looking to increase the productivity and performance of your office, an custom tenant improvement plan might just be the right solution. But before getting started on tenant improvement, planning, learn how to stretch out your TI allowance to get the most from your office remodel.

Continue below to review the top 4 tenant improvements recommended to boost office productivity and ultimately, your bottom line.

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4 Tenant Improvements You Should Consider First

There are several ways to remodel and office space for the purpose of boosting efficiency, productivity, performance, and overall contentment among employees and visitors. However, the top four tenant improvements that tend to render the highest productivity yields include open floor plans, outdoor workspaces, multiple egresses, and quality soundproofing.

Open Floor Plans

Open floor plans are all the rage in the residential real estate industry, but they are now becoming more of a priority in the commercial space planning and design industry. If your office space is outdated with small hallways and offices, and open floor plan is the perfect TI to boost office productivity. Reduce the number of enclosed offices and open up the floor with cubicles, multi-desk workstations, multi-use work areas, and cubicle divisions.

Outdoor Workspaces

Outdoor workspaces are a popular design feature in today’s commercial office real estate industry. It is suggested by many studies that employees prefer having multiple options when it comes to workstations, break areas, and team projects. Outdoor workspaces are the perfect tenant improvement remodel for commercial offices because they provide these amenities, plus increase employee contentment by offering natural light and flora. For offices located in regions that experience colder seasons, sunrooms are the perfect alternative and highly versatile in terms of design and energy efficiency.

Multiple Egress Points

Incorporating multiple egress points is into your tenant improvement remodel is similar to opening up your office space to a more open floor plan. It allows for an enhanced flow of foot traffic, gives staff and visitors several ways to come and go, plus gives you flexibility in terms of divvying up your space.

Quality Soundproofing

A quiet office is an easier and more peaceful environment to work in. By better soundproofing your office, you can promote tranquility, which in turn will allow for more focused meetings, streamlined work, and overall staff contentment. Soundproofing remodels are especially important for office spaces that incorporate an open floor plan, or buildings located near noisy activities, like highways, airports, or school zones.

Are you a commercial landlord or tenant who wishes to improve the look, function, and overall success of your business? Contact BAF Corporation at 317-253-0531 to speak with an expert Indianapolis commercial general contractor about your options for tenant improvement remodeling and more. We serve clients in all industries and throughout all of Central Indiana.

Common Types of Ceiling Cracks and What They Mean

Posted on September 13, 2022 by bafcorp20

When you spot a crack in the ceiling in your commercial building or office, you might feel a sense of panic. After all, your bottom line is always at the top of your mind. Your queries might mimic questions like, “What could this crack mean? Is there a serious underlying matter causing this crack? Is my property going to require a tedious renovation? How much is this going to cost me?” But before you fear the worst, keep in mind that not all ceiling cracks are serious. In fact, some are merely cosmetic. For this reason, a little knowledge goes a long way, especially when it comes to peace of mind.

Continue reading to learn 3 of the most common types of commercial ceiling cracks, what they might be telling you, and where to get trusted commercial general contracting service to resolve your structural problems.

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Top 3 Most Common Commercial Ceiling Cracks

Thin Straight Cracks

If you discover a fine, straight crack in your ceiling, it is often an indication of poor joint taping. Basically, whoever did the framing work for the building did not use a sufficient amount of drywall mud during the taping step of the project. As a result, the tape did not adhere well enough to the joint. This creates a crack along the edge of the slackened tape. The good news is that this is entirely superficial, so there is no need for immediate repair. If you do mind the cosmetic defect, you can apply a thin layer of drywall compound under the loose tape and re-securing it to the drywall.

Tiny Spider Web Cracks

When you have tiny, web-like cracking in your ceiling, it is likely another superficial defect. Such cracks generally occur as a result of insufficient drywall compound when creating a textured ceiling. In contrast, if the cracks are more like a starburst, or go outward in multiple directions, it is likely a result of using too much drywall compound to create a textured ceiling. This is because compound shrinks as it is drying. To fix this problem, you can simply cover the blemish with more drywall compound, but this may require some sanding and priming first.

Discolored Cracks

When you spot yellowish brown stained cracks in the ceiling, it is not a good sign. Not only could discolored cracking be a sign of a water leak, but it could also pose serious structural hazards. In this case, you would need emergency commercial property inspection services to confirm the cause of the leak. Once you have determined what has caused the leak, you will need to have that problem repaired before you can refinish the drywall and ceiling.

Regardless of the types of cracks you have in your ceiling, it is important to have them inspected as soon as possible in case the problem is a water leak or structural issue. Try to have your inspection scheduled within 3 to 5 days to be safe. Be sure to choose a licensed, bonded, and insured Indiana commercial general contractor for trusted repairs and renovations.

Are you ready to remodel or renovate your commercial property and start fresh with a clean and well-designed space? Contact BAF Corporation at 317-253-0531 for professional commercial general contracting services in Indianapolis, Indiana. We serve commercial and industrial clients all throughout Central Indiana.

Essential Repairs to Do Before Listing Your Commercial Office Space on the Market

Posted on August 23, 2022 by bafcorp20

Whether you are relocating or retiring your business, it is likely that your current space could use some upgrading. If you are preparing to list your commercial office space for sale or rent, it is wise to make some important repairs and renovations beforehand so that you can attract good inquiries and get the most ROI from your asset.

Continue reading to learn which repairs and upgrades will have the most impact on your ROI when listing a commercial office on the real estate market, plus a bonus tip on where to get prompt and professional commercial renovation services in Central Indiana.

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Minor Office Repairs

Before you list your commercial office space for sale or rent, there is a long list of minor repairs that you can do to make your property more appealing to potential consumers. Even a basic deep clean is something you want to seriously consider. Here are some common minor repairs to implement before listing a commercial office or facility for sale:

▶ Paint – New paint is an instant refresher for any room. If your interior has not been painted in a few years, a fresh coat will instantly give your office environment a fresher and cleaner feel. Just be careful choosing interior paint colors. Avoid colors that are bold and bright, and lean toward more modest colors, like shades of tan, beige, taupe, gray, ivory, and even a soft olive green. Also consider repainting the outside of your business.

▶ Flooring – Flooring is one of the top selling points for potential commercial office seekers. New or newly renovated commercial flooring can instantly upgrade the look of any room, including break rooms, lounge areas, bathrooms, conference rooms, and even storage rooms.

▶ Carpeting – Many commercial renters and buyers choose to replace carpets with hardwood or laminate flooring since for a more modern feel. Also, carpeting begins to look old and worn out shortly after installation. This means that your carpet will most certainly require a deep cleaning and shampoo, or even replacement, before listing your office space or facility on the real estate market.

▶ Lighting – Another detail that really impressed and influences potential renters and buyers is lighting and light fixtures. Outdated light fixtures are not appealing, so they will stick out like a sore thumb. Replacing or upgrading your lighting ambience and fixtures is an excellent way to enhance your business environment. In fact, good office lighting can improve staff contentment and productivity. Natural lighting is a top office feature.

Major Office Repairs

Along with minor repairs, there are usually a few major repairs you can do to make your office sell faster on the market, and at the price point you want. For instance, appliances are a huge selling point for potential buyers and renters. Water heaters, water softeners, HVAC systems, sump pump systems, boilers, dishwashers, washing machines, and more, should be in good condition or updated models if you want to get the most from your listing.

Another key factor is commercial roofing and siding. If your roof and siding systems are in bad shape, it would probably be lucrative for you to repair or replace them before listing your office or facility. Otherwise, their condition will affect the offers you receive on the property. The same principle applies to other major repairs, like foundation or water damage issues, mold, pest infestations, and more.

Are you ready to transform your commercial office space within budget and ahead of schedule? Contact BAF Corporation at 317-253-0531 when you need the most trusted and qualified commercial general contractors for commercial remodeling and painting services in Indianapolis, Indiana. We serve clients all throughout the state.

4 Tips for a Budget Friendly Commercial Building Remodel

Posted on August 16, 2022 by bafcorp20

First impressions are valuable, not just personal affairs but in business too if your commercial building looks like it could use some updating, it probably does. Many business owners and commercial realist April proprietors feel weary about commercial remodeling due to budget concerns. However, with the right approach, not only could you afford to remodel your commercial building, but you could quite possibly keep the doors open for business while under construction.

Continue reading to learn 4 tips that can help you achieve a budget-friendly commercial remodel, plus a bonus tip on how to get superior commercial general contracting services that will deliver high-quality results that meet your economic needs and expectations.

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Cost-Effective Commercial Remodels Start With the Right Hire

Above all else, the most important toward a budget friendly commercial remodel is hiring the right commercial general contracting company. These professionals have the acumen, experience, and resources to ensure your commercial building remodel is finished ahead of schedule and under budget. Your lead commercial general contracting manager can help you analyze, plan, and sustain your remodeling budget from start to finish.

You don’t need a large and invasive commercial construction overhaul to upgrade your commercial building. With these four tips, you can maintain your budget integrity while also giving your commercial building a fresh facelift:

Curb Appeal

Curb appeal is very important, especially when it comes to first impressions. The exterior aesthetic of your building plays a major role in customer satisfaction, as well as first-time and repeat traffic. Fortunately, you don’t need a major overhaul to improve your building’s façade. Along with the guidance of your commercial general contracting team, focus on exterior renovations like structural damage repairs, window/door replacement, roof work, painting, new signage, pavement repairs, and landscaping.

Interior Renovations

It is recommended to update the interior décor of your commercial building every 3 to 5 years, just like you would do for your own home. Consider updating appliances, fixtures, paint, drywall, carpeting, flooring, and lighting. Small modifications in these areas can instantly give your interior a fresh upgrade without breaking the bank or closing the doors.

Interior Redecorating

In addition to interior renovations, consider redecorating. Update furnishings, art, rugs, foliage, smart technologies, and similar contemporary interior design elements. Interior redecorating for commercial buildings is a cost-effective approach to commercial building remodeling. Not only does this make your business look better and feel more inviting, but it enhances work environment contentment. The happier your staff is, the more productive they are, which directly contributes to your bottom line.

Floor Plan Optimization

Could your interior floor plan use some improvement? Does your staff feel cramped or incapable of performing their daily operations with optimum efficiency? Do your customers have trouble navigating their way around your establishment? Our conference rooms to small and individual workspaces too large? If you are experiencing floor plan and efficiency, you should consider modifying your floor plan design so that it delivers maximum flow and performance. This will help ensure that every square inch of space within your commercial building is being fully utilized.

Would you like to know how to get the best commercial general contracting service that is sure to fit your remodeling budget? Contact BAF Corporation at 317-253-0531 for comprehensive commercial general contracting services in Indianapolis, Indiana. We work with clients all throughout the state.

Modern Building Features That Will Boost the Success of a Commercial Office

Posted on August 2, 2022 by bafcorp20

If you want to maintain your competitive edge in the world of business, it is important to design your commercial office building in a way that sets you up for long-term success. This resolve is important whether you are looking to build a new commercial office building or lease an existing one. Modern features are a key element to achieving a well-designed and functional business center.

Continue below to review some of the leading modern building features to look for when designing or procuring a new commercial office building.

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Modern Office Building Features

Wi-Fi

No matter what kind of office space you are designing or looking for, you will need fast and dependable internet connection. When running a business, it is important to have the absolute best Wi-Fi and internet package available, regardless of industry or budget.

Energy Efficient Advancements

Commercial office buildings see a lot of traffic and consume a lot of energy. Making energy efficient upgrades and improvements anywhere possible in the blueprints is an effective way to reduce operational costs and support environmental sustainability. Think solar paneling and power, wind turbines, energy efficient windows and doors, touchless technologies, and LEED construction and design.

Greater Security

Commercial office buildings are significant investments, but more importantly, the provide a work and business space for several people, people who require protection against foreseeable dangers. Modern buildings are designed with enhanced security in various aspects, from camera and video monitoring to electric gates, digital keypad locking systems, on-site patrol, ADA compliancy, fire suppression systems, and more.

Employee Lounges

Commercial office buildings rely on the productivity and adeptness of their staff to make the daily operations table turn at a predictable and effectual speed. By providing staff with comfortable break rooms, community workspaces, and basic lounge areas, you can support employee contentment. Happier employees show up on time, perform better, and look forward to growing with the company.

Cafes and Fitness Centers

Designing space for a lobby cafeteria, food court, or even a simple coffee and muffin stand can add a great deal of value to your investment. Fitness centers and spas are other highly valuable modern features sought out by commercial real estate investors and business owners looking for new office space.

Outdoor Work and Break Spaces

Like employee lounges, outdoor workspaces and break areas can significantly increase the value and demand for a commercial office building. Right now, one of the top modern building features trending among the commercial real estate industry are rooftop decks. Similar to rooftop decks, outdoor terraces, patios, and plazas work well to support staff contentment and productivity.

Adjustable Conference Rooms

Another highly sought-after feature that is being added to commercial office building design plans more and more each year are adjustable conference rooms. Businesses grow, plus they house all sorts of people, from staff and consumers to visitors, contractors, guests, and more. With plenty of conference space, especially conference rooms that can be adjusted in size depending on your space needs at the time, you can accommodate your company’s operational needs and growth goals in a cost-effective manner.

Are you looking for professional help with designing or procuring a new commercial office space here in Indiana? Contact BAF Corporation at 317-253-0531 for commercial office remode l ing and commercial-use construction in Indianapolis, Indiana. We serve clients all throughout the state.

Key Considerations for Investing in New Commercial Office Space

Posted on July 28, 2022 by bafcorp20

Whether you are investing in a new commercial office building or looking to add another location to your fast-growing company, there are some key considerations you should discuss with your trusted commercial general contracting team to ensure that you optimize the profitability potential of your investment.

Continue below to review some important commercial office space acquisition factors that will have the most impact on your overall success.

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Office Investment Factors to Consider Before Signing the Dotted Line

Outlay

Cost is always a key consideration when it comes to investing in property. Your total costs for procuring, renovating, maintaining, and operating a commercial office space will have a significant impact on your level of success. Then you have to think about the expenses involved in running your office, including employee payroll, supplies, imports, exports, and so on. Although a cheap price tag on an old building or office strip might look enticing, it is important to take note of all the other costs associated with transitioning into that space. Sometimes, cheaper properties end up costing more as time goes on.

In the same breath, it is important to not overextend yourself on a building or property that is too pricey or turn-key. Think about what your actual needs are. For instance, do you need a brand new building directly in the city center within walking distance of everything? Or could you still do well with a less modern space just outside of the metro area, but with several retail and restaurant options nearby?

Location

Location is another top consideration when choosing a commercial investment property. It is important that your location accommodates the full range of individuals that are expected to use or pass through your building, like guests, employees, clients, customers, and more. Additional key elements to focus on when choosing a new commercial office space location include building security, local amenities (restaurants, retail stores, shops, gyms, dry cleaning, etc.), freeway accessibility, public transportation, and exterior property maintenance.

Square Footage and Design

The overall size and layout of your new commercial office space will have a major impact on your business’s overall success. These are two key focus areas to discuss with your Indianapolis commercial general contractor. To ensure that you’re optimizing the value of your investment, it is important to choose a space that is neither too large nor too small. It should be just large enough to accommodate your company’s daily operations for now, plus allow for potential for growth or build-outs. As for layout, it is important that the interior is designed in a way that allows for efficient operations and staff contentment. Fortunately, office and building reconfiguration is viable with the right commercial remodeling company on the job.

Parking

Parking lot ratios are important elements of commercial building design. It is wise to choose a property that can accommodate the expected number of individuals to use or pass through your commercial building. The parking lot should be large enough for both visitors and staff, plus incorporate ADA compliant features.

Current Leases

Acquiring a commercial building with existing occupancy might seem like the best case scenario, but that’s only if most tenants are planning on staying. You don’t want to invest in a new commercial office building only to have 50% of the tenants move out the following year. It is important to review all current leases of the potential building acquisition before signing on the dotted line.

Are you looking for a qualified commercial general contractor to help you with your real estate acquisition and space planning needs? Contact BAF Corporation at 317-253-0531 for professional commercial construction management and space planning in Indianapolis, Indiana.

3 Factors to Consider if You Want to Maximize Office Space But Minimize Costs

Posted on July 15, 2022 by bafcorp20

If you are looking for new commercial office space, you likely want an office that adequately delivers on square-footage. But everyone knows that more space means more expenses. So, if you aim to maximize your new office space at minimal cost, you will need to place your focus on three relevant factors: location, lease, and layout. Continue below to learn more.

Commercial Office General Contractors Indianapolis Indiana 317-253-0531

How to Reduce Commercial Office Space Costs

Commercial offices do not come cheap no matter which way you approach the real estate or leasing game. Expect to spend more on your office rent or mortgage than you have in the past, as rates continue to inflate year after year. With this in mind, you can realistically prepare yourself for what to expect when it comes time to visit potential office locations.

You are not wrong to want the highest quality office space economically-available to you. It is possible to maximize your commercial office square-footage while also diverting costs and managing expenses wisely. The key to achieving this objective is to smartly plan your office acquisition, whether buying or leasing. These three factors will help guide you toward getting the most value from your new commercial office:

Location

Location has been, is, and always will be one of the most important factors among buyers and investors in the real estate industry. Begin your search for a new commercial office by locating all available business-zoned spaces in the most cost-effective areas. Most landlords and property management companies will list their spaces at the maximum value according to current supply and demand. Better locations will come with a higher price tag.

Many businesses choose to move their offices from the city to the suburbs to avoid excessive metropolitan rents and real estate costs. Acquiring a comprehensive understanding of the current real estate market conditions can help you find the best office location within your budget. A skilled commercial general contracting company can help you meet this goal with professional office space planning and permitting services.

Lease

Commercial office leases are negotiable no matter how stringent they appear at first glance. It is important to prepare yourself for lease negotiations to ensure that you are maximizing your lease objectives, while also gaining favorable financial terms and flexible conditions. Trust an experienced Indianapolis commercial general contracting team to create the leverage necessary to get you the best office lease terms possible.

Layout

One of the top contributors to your overall commercial office space procurement expenses will be the design, remodeling, and build-out process. By hiring a qualified Indiana commercial construction company for your office remodeling needs, you can better maintain control over your renovation budget. There are many design and construction strategies proven to be successful at delivering optimal space utilization with efficient cost management, and your commercial general contractors will know exactly how to implement these strategies to your benefit.

Are you looking for a reliable general contracting company that can help you find the best commercial office space and renovate it to make it your own? Contact BAF Corporation at 317-253-0531 for professional commercial construction management and space planning in Indianapolis, Indiana.