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.

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.

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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.

Commercial Office Design Tips to Improve Workspace Inclusivity

Posted on April 13, 2022 by bafcorp20

When it comes to designing and building a commercial office that incorporates a healthy, functional, and all-encompassing workspace, it is helpful to consider the different perspectives of inclusivity, and what it really means to the individuals who will be utilizing the space. Continue below for some tips on how to improve workspace inclusivity through smart commercial office design and build solutions, plus who to trust for seasoned general contracting services in Central Indiana.

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A Diverse Workforce Demands Inclusive Workspace

The workforce today looks a lot different than it did generations ago. With so much diversity among employees, it is necessary to take the individual needs of each into consideration when planning your commercial office space. How can you design a space that allows staff to perform their best? Higher employee contentment directly links to higher productivity, which ultimately impacts your bottom line as a business owner or commercial real estate developer. Consider demographic factors like age, culture, and religion, as well as physical and psychological factors, such as disabilities, mental health, comfort, security, interest, and more.

With all of these important demographic, physical, and mental factors in mind, you can better design and build a commercial office space that is fully inclusive and functional for your diverse staff, today and for years to come. Begin by focusing on the incorporation of collaborative work areas and quiet spaces, as well as flexible design strategies and team feedback.

Collaborative Design With a Focus on Equity

Incorporating collaborative workspaces in the office can improve inclusivity among staff. Design areas that employees can gather for projects and work assignments, whether to work together or simply in the company of one another. But be sure that all employees can equally access and utilize these collaborative spaces. For example, consider the height, weight, emotional, and physical abilities of your current and future staff. ADA commercial construction and building code requirements help set the foundation for this objective, but additional smart design schematics can improve the level of workspace inclusivity even more.

You do not want someone to be excluded from using a team space because they cannot access it for reasons of physical disabilities or because they are differently-abled. Additionally, you don’t want anyone to experience difficulties utilizing the space due to mental and emotional preferences or conditions. Some people are more social and extroverted, while others are reclusive and shy. Will your collaborative team spaces suit a wide range of personalities? Do not be afraid to ask your staff for suggestions on designing a more inclusive workspace. This is also an effective way to gain perspectives on how your employees view their work like and daily routines.

For this reason and more, collaborative spaces in the office are just as important as quiet workspaces in the office. Accordingly, you want to aim for a neutral color and design palette as to not disrupt or distract employee productivity, nor trigger migraines, stress, anxiety, seizures, and other health implications.

Flexible Design for Future Growth

When designing a commercial office aimed for success, it is imperative to keep your sights on the future of the company. Integrating reasonable flexibility in the design of your workspace will prevent limiting the future growth of your business, allow you to easily shift with the changing environment of the industry, and more effectively respond to the needs of your staff. Aim for a commercial office design with a timeless aesthetic so that it will not quickly appear outdated. Additionally, plan your office design in a way that does not limit the means by which you can use it.

Are you looking for a commercial general contracting company that can bring your design build vision to life? 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.

Important Repairs to Make Before Listing Your Commercial Office Space

Posted on February 1, 2022 by bafcorp20

There is really no limit to the number of repairs you can make to your commercial office space for the purpose of increasing its appeal to potential tenants. However, making all of these renovations is not realistic, nor is it in the budget. Instead, it is wiser to pick and choose the most effective repairs you make to maximize your cost-savings and return on investment.

Continue reading to learn the recommended major and minor repairs to consider before officially listing your commercial office space on the real estate market.

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Minor Repairs for Commercial Spaces

Turn-Key is the Goal

Commercial tenants are almost always looking for a turn-key property. If they aren’t, they are still always impressed by a freshly renovated and refreshed office space. For these reasons, repairing minor drywall damage and repainting your commercial office space are fantastic and profitable investments. Such renovations will make your commercial property more appealing to potential tenants.

Interior Paint Colors

When choosing paint colors, be sure to stick with neutrals, like beige, taupe, tan, and gray. These colors are more inviting and open up small spaces, but also allow potential tenants to imagine their personal touch. Furthermore, neutral colors are more calming for staff, which can improve employee contentment, and ultimately, employee productivity. All of these benefits are appealing for business owners looking for new commercial office space.

Fixtures and Focal Points

It is important to address any opportunity for improvement when it comes to the hardware, fixtures, and focal points of your commercial space. Floors and carpeting are often the first thing people see when they check out a new rental space. Steam cleaning all carpets and buffing or waxing the floors are excellent and effective strategies to enhance the appeal of a listed property.

Additionally, consider replacing or upgrading hardware on cabinets, plumbing fixtures, light fixtures (both interior and exterior), outlet covers, and intercoms. These small modifications can have a significant and lasting impression on a potential commercial tenant.

Exterior Building Care

As soon as a potential tenant approaches your building or office space, they will form an opinion before entering through the doors. Curb appeal plays an important role in attracting new commercial tenants. Consider exterior renovations like power washing the siding, exterior, and localized pavements, as well as a fresh exterior paint job, landscaping additions, and perhaps even new signage.

Major Renovations for Commercial Spaces

When it comes to selecting the most important or profitable major commercial office renovations, it is best to consult a commercial general contracting company in Indiana for an accurate assessment of your property. Safety is the number one concern, followed by liability and investment protection. This means it is important to fix anything that can jeopardize these areas in the short or long run.

Examples include roof repairs, siding repairs, plumbing repairs, crawl space and attic repairs, foundation repairs, and water leaks. Additional areas to examine when it comes to major commercial building repairs and renovations include security installations, fire suppression systems, touchless technology, electric gates, parking lots, parking garages, fencing, patios, underground pools, lawn drainage, container service, and wildlife control.

Professional Commercial Office Remodeling and Renovations

Once you decide which repairs are most important to your property, it is time to hire a professional Indianapolis commercial general contractor for all your commercial construction and facility maintenance needs. Be sure to choose a licensed and insured commercial remodeling company with sufficient experience in the building and construction industry. They should have the knowledge, skills, and resources to undertake your commercial renovations, plus complete the job in a time frame that is convenient for you.

Are you ready to spruce up your commercial space and attract new tenants? Contact BAF Corporation at 317-253-0531 for superior commercial office construction in Indianapolis, Indiana. We work with clients all throughout the state.

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How to Avoid Leasing to Bad Commercial Tenants

Posted on October 19, 2021 by bafcorp20

Halloween is certainly the time of year for nightmares, but your commercial tenants don’t have to contribute to the seasonal fright. As a commercial real estate owner or property management company, you are bound to be confronted with unqualified applicants. But if you want to avoid leasing to unreliable commercial tenants who have misrepresented themselves on their documents, is important to incorporate certain methodologies into your commercial leasing application process.

Continue reading for some tips that can help you avoid nightmare commercial tenants, plus where to find Central Indiana tenant improvement construction services that will improve your business’s overall success.

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Watch Out for Commercial Tenant Fraud

Unfortunately, commercial tenant fraud is all too common. Commercial tenants who commit tenant fraud misrepresent their qualifications or forge documents to present themselves as a qualified applicant for space, such as a retail store, office, or studio. After being approved for the lease, fraudulent commercial tenants often skip out on rent, damage the property, misuse the commercial space, or pose a plethora of tenant challenges and commercial landlord nightmares.

In order to deter commercial tenant fraud and application falsifications, you need to learn how to detect such fraud early on in the leasing and application process. Here are some tips that can help you avoid leasing to a nightmare commercial tenant, while keeping your commercial rental property business profitable:

Do Not Offer Online Application

It is not recommended to use an online application process for commercial leasing, even if you use a third-party platform. Many business application management websites say they will bring in all sorts of qualified commercial tenant applications, but their algorithms are basic and not comprehensive enough to weed out intentional fraud. When it comes to commercial leasing, it is best to always incorporate an in-person application and interview process to ensure that you are leasing to the right tenant.

Do Not Accept Incomplete Applications

There is not much to be said here. If you receive any commercial lease applications that are not filled out completely, shred them without giving them a second thought. An incomplete application is often a telltale sign of commercial tenant fraud. In most cases, applicants fail to complete the application because they are intentionally omitting information to avoid being investigated or denied tenancy.

Always Perform Credit and Reference Checks

Your commercial building or multi-housing property is an important investment that should only be entrusted to those who are dependable and qualified. For this reason, it is important to always perform credit checks and reference checks on all commercial tenant applications. It is common for commercial property owners to ignore references, but this is not a mistake you want to make. References are often more telling than a credit or income check, so be sure you do not skip this step during the commercial tenant screening process.

Advertise Background Checking

It is important to let all of your commercial applicants know that there will be a comprehensive background check during the application process. Advertise this information in the literature that advertises your commercial space openings. This way, tenants know they cannot hide anything or present themselves in a misleading way.

Advertise a Fraud Warning and Declaration

Along with advertising that a background check will be performed on each applicant, it is also important to advertise a fraud warning. A fraud warning will let potential applicants know that there are serious legal penalties and consequences for cheating or misleading their qualifications on their commercial leasing application. This is a great way to thwart commercial tenant fraud. Along with the fraud warning, it is important to include a declaration on the application. A declaration is a statement placed above the signatures of the applicants confirming that all information is accurate to their knowledge.

Require Supplemental Documentation

When you are getting proof of a commercial tenant’s income, it is important to also require supplemental documentation. Ask for more than one type of documentation to prove income when screening a potential commercial tenant.

Verify Identity With a Valid Photo ID

As a commercial building owner or property management company, you want to be sure that you are leasing to the person who is actually filling out the application. It is important to verify a person’s identity by checking their photo ID, or any other authorized identification documents, such as United States passport or military ID. Online applications present all sorts of opportunities for tenants to fraudulently upload their identity or use another person’s identity.

Are you looking for a qualified construction company to perform tenant improvement work to your commercial property? Contact BAF Corporation at 317-253-0531 for professional tenant improvements and remodels in Indianapolis, Indiana. We serve all corporate, commercial, and industrial industries in Central Indiana.

How to Increase Team Productivity With Snacks and Beverages

Posted on October 12, 2021 by bafcorp20

Office efficiency plays an important role in the overall success of your business. When your team is productive, your bottom line is up. But with all of the external distractions and setbacks we are experiencing as a society, especially in most recent times, team productivity is expected to be negatively impacted. If you are looking for ways to increase productivity among your office staff, but have run out of ideas, perhaps consider providing some energy boosting snacks and beverages to keep them content throughout the day.

Continue reading to learn how to increase team productivity in the office with snacks and beverages, and who to contact when you need commercial office break room remodeling services in Indianapolis.

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Office Productivity Starts With a Happy and Healthy Staff

You may not realize it as a business owner or office manager, but snacks play an important role in the overall contentment among employed staff. Afternoon munchies are a real thing, and when office employees are hungry, they are often distracted, fatigued, irritable, and less motivated to work. Providing a selection of healthy snacks can abate mid-day hunger pains, while also encouraging health and nutrition in the office.

Top Healthy Office Next to Consider:

▷ Veggie Straws
▷ Chex Mix
▷ Popcorn
▷ Dried Fruit
▷ Fresh Fruit
▷ Almonds
▷ Peanuts
▷ Jerky

Healthy Snacks for Sweet Cravings:

▷ Fig Newton Cookies
▷ KIND Bars
▷ Protein Bars
▷ Granola
▷ Sugar-Free Candies
▷ Bananas
▷ Apples
▷ Oranges

These snacks are light, low in calories, and contain a load of nutrients and vitamins, all of which will help your staff stay energized throughout the workday. They won’t trigger sugar rushes and subsequent crashes, nor will they weigh anyone down. They are the perfect go-to snacks to grab quickly and provide adequate fuel until dinner.

Office Break Rooms and Beverages

It is important to provide an office break room or kitchen area for your staff, especially if you have a large team of eight or more people. A designated break room area provides a place for employees to store and eat their lunch, grab a quick snack, and most importantly, stay hydrated throughout the day. All of these available amenities help to increase and maintain high office productivity.

Consider providing a selection of beverages to keep your office staff alert and productive, including non-caffeinated options like bottled water, sparkling water, and energy drinks, as well as caffeinated options such as coffee and diet soda. Try to avoid regular sodas as they contain a high amount of sugar that can cause a mid-day fatigue crash.

You should also consider investing in a single cup coffee maker, espresso machine, vending machine, refrigerator, microwave, and toaster. These amenities will allow staff to satisfy their cravings easily and quickly, then go back to work re-energized!

Are you interested in remodeling your office to create a happier and more productive workplace? Contact BAF Corporation at 317-253-0531 for seasoned commercial office remodeling in Indianapolis, Indiana.

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5 Features You Want in a New Commercial Office Space

Posted on September 24, 2021 by bafcorp20

Everyone from business owners and colleagues to staff and personnel want a fun and functional office space. When you are looking to lease new commercial office space in Indiana, focus your attention on the most sought-after amenities to deliver these elements and support the overall success of your business.

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Top Office Amenities in Commercial Real Estate

Whether you are looking to attract high-quality corporate tenants to your commercial office space, or you wish to find a new commercial office lease that meets the needs of your company and your staff, shared office amenities are something to consider. Commercial real estate experts suggest that offices with certain types of shared amenities, such as kitchen areas and outdoor workspace, tend to be more productive, and therefore, more successful.

Here are the top 5 office amenities to consider when selecting a new office location:

▶ Kitchen or Cafeteria

Employees have to eat; don’t they? So, when looking for a new commercial office space, keep your eye out for a lease that has (or includes access to) a kitchen or cafeteria. Some office buildings and complexes have on-site cafés, delis, or food trucks available to staff as well. If you cannot find a lease that provides these amenities, look for an office space that has a kitchen area, or that has enough room to construct one. Giving your employees access to a refrigerator, microwave, and coffee maker makes a big difference in terms of daily productivity and overall contentment among staff.

▶ Elevators

Having access to a fast and reliable elevator system is a top advantage for office staff and visitors. This amenity is especially important if you are leasing a commercial office space in a building that has multiple floors. Not only do elevators make it easy to bring things up and down from your office space, but they also play a vital role in assisting disabled persons or people who have trouble commuting on foot. Elevators also make it easier to arrive to work on time.

▶ Outdoor Workspace

Especially in today’s work force, providing employees with outdoor workstations and workspace is proving to be a highly beneficial practice in the commercial real estate industry. Look for office spaces that provide access to outdoor facilities such as rooftop decks, terraces, plazas, patios, outdoor lounge areas, sit-in gardens, and similar areas that allow employees to congregate in the fresh air, whether for work or leisure. It is also strongly encouraged to choose a building that has outdoor Wi-Fi equipped technologies to allow employees to work outside efficiently.

▶ Glass Wall Partitions

Recent studies suggest that employees are more productive and happier all around in an open office setting. Open floor plans are a popular real estate amenity in both the residential and commercial real estate industry. Glass wall partitions are one of the strategies modern-day office designers use to promote a more open feel in the office, while still providing an individual workspace that allows peace and privacy. Glass wall partitions also allow more natural lighting into the office, which has several benefits in itself. Talk to a commercial general contractor these considerations for open floor plan office construction.

▶ Windows

Recent studies suggest that employees are more productive and happier all around when they have window views in the office. In fact, according to a study performed by the esteemed HR advisory and research firm, Future Workplace, the number one office perk that employees really want is access to natural light and outdoor views. Natural lighting can fight off work fatigue, prevent headaches, ease eyestrain, and induce higher level of happiness among staff. Commercial windows are prime office features most requested by employees.

Are you looking for a new commercial office space, or have found one that requires some renovation to meet your company’s needs? Contact BAF Corporation at 317-253-0531 for qualified commercial office remodeling in Indianapolis, Indiana. We serve clients all throughout the state. Request information or schedule a bid, today.

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What is a Commercial Lease Abstract?

Posted on June 29, 2021 by bafcorp20

If you have ever signed a contract before, you know that they are incredibly long and complicated pieces of literature that are virtually impossible to understand without a thorough comprehension of real estate law and liability. For this reason, when signing a commercial lease agreement, it is common to request a lease abstract.

Continue reading to learn what a commercial lease abstract is, and what should be included in one before making a commitment.

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Commercial Lease Agreements and Abstracts

It is unrealistic to fully read through and understand every element of a commercial lease agreement. Commercial lease abstracts play an important role in a tenant’s ability to understand what contractual agreement they are signing into, and what is expected of them during their occupation. Basically, a lease abstract is a summary of all the primary and important aspects of the lease agreement.

Sort of like CliffsNotes for a book you forgot to read in college, a lease abstract covers the basics of the contract and informs you of all the vital facts you need to know, and in a language you can understand. Lease abstracts are constructed to be free of confusing industry jargon, and allow a potential corporate or commercial tenant to fully understand the liability and responsibilities they are taking on if they choose to enter into the lease.

What Should Be Included in a Lease Abstract?

Although a summary of the full contract, a lease abstract will (and should) contain a lot of information. The basic information it should have includes:

☑ Tenant’s Full Name
☑ Total Cost of Rent
☑ Square Footage of the Rental Space
☑ Lease Start/End Date
☑ First Rent Payment Due Date
☑ Premises Specifications
☑ Authorized Use of the Premises
☑ Parking Space/Requirements
☑ Accountable Party for Repairs and Maintenance
☑ Co-Tenancy/Sub-Leasing Terms
☑ Expansion/Build-Out Rights
☑ Tenant Improvement Allowances
☑ Assignability and Exclusivity (if the lease can be transferred)
☑ Estoppel

Are you looking for a trusted commercial management team who can help you find the right commercial office space or warehouse? Contact BAF Corporation at 317-253-0531 to learn more about tenant improvement construction and space planning services in Indianapolis, Indiana.

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Top Credentials to Look for in a Commercial General Contractor

Posted on April 9, 2021 by bafcorp20

As a commercial proprietor, whether you are planning the construction of a brand-new fitness center or a multi-level office building, your top priority is to get the job done right the first time around. Well, with the right commercial general contractor on your side, you don’t have to worry about this at all. When shopping around for a commercial construction company for your upcoming build, it is important to look for specific criteria in order to separate the novice companies from the true industry veterans.

Continue reading to review some of the top recommended credentials to look for in a commercial general contractor, and which company to trust if you are building here in Indianapolis.

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Commercial Construction General Contractors

Not all commercial construction Gen. contractors out there are alike. In fact, you would be surprised to learn just how many fly-by-the-night or insufficiently licensed and insured contractors advertise their services. For this reason, it is important to do your due diligence and find the right commercial general contracting company to trust with your investment. You can better weed out the bad from the good by keeping your eye out for industry relevant credentials that a commercial general contractor should have. The top qualities include licensing, experience, insurance, and references.

Licensing

A commercial build is a big project. Typically, when constructing or remodeling a new space for your business, you can expect it to be an important investment. So for this reason, you need to make sure your commercial general contractor is properly licensed, not only in general contracting work, but also in the type of construction you need. Basically, you want the job done by a true industry professional who knows what they’re doing. In comes the second most important credential in a general contractor: experience.

Experience

You do not want to hire a commercial general contractor who is fresh in the industry. Perhaps for a smaller remodeling or renovation need, such as drywall work or flooring replacement, you may do fine with the novice contractor. But when you are planning a comprehensive commercial construction project, you want your general contracting company to have optimal experience, especially in the type of construction build you are planning. For instance, if you are planning to build a new medical facility, be sure you choose a contracting company who has experience in healthcare construction.

Insurance

Like licensing, insurance is one of the most vital credentials to look for in a commercial contracting company. Without sufficient insurance coverage, you as the client could be at risk of being held liable for any injuries or losses that occur to workers on the job performing your commercial build. Be sure your commercial general contractor has premium insurance liability coverage, not just for themselves but for their entire team. With this kind of credential under their belts, you can trust that they will also make sure any subcontractors are properly insured as well.

References

Just like any service or product you intend to spend money on, you usually want to check out what everyone else has to say about them first. In the case of hiring a commercial general contractor, asking to see their references is an important part to choosing the best company for the job. Be sure you ask for more than one reference, and also inquire about other kinds of literature such as portfolios and past client reviews.

Do you have a commercial construction build in mind? Contact BAF Corporation at 317-253-0531 for superior commercial general contracting in Indianapolis, Indiana. We serve all of Central Indiana and its surrounding locations.

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Why is Commercial Real Estate Market Space Listed as Class A, B or C?

Recommended Office Space Dimensions for Class A Properties

Posted on March 23, 2021 by bafcorp20

Are you building a new Class A office space? If so, be sure to consider the allocation of square footage throughout the interior and exterior work spaces. When it comes to calculating the dimensions of your indoor office works paces, you might want to consider the average recommendations provided by Class A commercial construction experts.

Below, you will find a quick list of the average requirements and guidelines for assigning square footage to certain areas and common places in your Class A office.

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Class A Real Estate for Offices

When you are looking at the higher-end of the commercial real estate market for new office space, you are looking at Class A properties. Class A commercial properties come with the highest quality attributes and amenities, such as location, local public services, public transportation access, surrounding infrastructure, building finishes and features, and even the competence of the property’s management group.

Common areas where you will find Class A commercial real estate are city centers, business districts, suburban business parks, and urban marketplaces. Although Class A space is more catered to higher profile tenants, as well as national or regional companies, they can also be well-suited for local businesses. Keep in mind, this is the highest-priced type of commercial real estate. For this reason, many business owners lease this type of commercial space.

Allocating Square Footage for Common Office Workspaces

The average office setting for Class A properties include several different types of work and break areas, both indoor and outdoor. These include open-concept workstations, cubicles, private offices, conference rooms, break rooms, reception areas, storage rooms, mail rooms, and similar corporate or professional office area staples. By allocating the proper amount of square footage for each space, you can better control commercial office construction and post-occupancy expenses, while also protecting your bottom line. Well-organized office plans promote energy efficiency, cost savings, employee morale, improved staff productivity, and much more.

General Guidelines for Class A Office Spaces

► PRIVATE OFFICE SPACES:
↪ Executive – 200 – 400 sq. ft.
↪ Managerial – 150 – 250 sq. ft.
↪ Other – 90 – 150 sq. ft.

► CUBICLES – 125 – 175 sq. ft.

► OPEN WORK SPACES – 60 – 110 sq. ft.

► OUTSIDE LOUNGE AREAS – 200- 300 sq. ft.

► RECEPTION/LOBBY – 100 – 200 sq. ft.

► GROUP SPACES:
↪ Conference Rooms – 50 sq. ft. plus 25 sq. ft per seat
↪ Lunch/Break Rooms – 75 sq. ft. plus 10 sq. ft per seat
↪ Work Rooms – 125 sq. ft.

► OTHER WORK ROOMS:
↪ Mail Room – 125 – 200 sq. ft.
↪ Print Room – 125 – 200 sq. ft.
↪ Storage Room – 200 – 300 sq. ft.

Would you like to learn more about building a new commercial office space in Indianapolis, Indiana? Contact BAF Corporation at 317-253-0531 to request your commercial office construction bid, today. We serve clients all throughout Central Indiana with superior commercial general contracting and design build services.

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