How Today’s Technology Gives Commercial Tenants the Upper Hand

Posted on March 28, 2022 by bafcorp20

Although landlords and real estate developers also benefit from today’s technology, the current and evolving advancements available to commercial tenants really provides them with the upper hand in leasing commercial space. Continue below to learn the top 3 ways the technological advancements of today can help commercial tenants get the best deal in the best location possible, plus who to call for professional tenant improvement remodeling and construction in Central Indiana.

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Corporate Tenants Benefit From Commercial Real Estate Technology

The evolving technology of today has really affected corporate tenants in a positive way by enhancing their experience in the commercial leasing industry. Depending on which resources and technologies chosen, corporate tenants can benefit from easier lease management solutions, expanded property touring, and successful negotiations.

Lease Management Solutions

Landlords and property management companies have long had access to programs and software systems that help them organize, track, monitor, and management their leases. But today, corporate tenants also have access to such technologies. As a corporate tenant, you can procure your own commercial lease office management software to help you keep track of important dates within your lease agreement, terms and conditions, lease amendments, claims, and more.

Even better, there are brand new software programs of this sort that will keep track of occupancy expenses and compare such expenses to your lease terms. This software can help lower business costs, especially for companies with a portfolio of multiple office leases.

Expanded Property Viewing

Not only do tenants have the upper hand when it comes to staying on top of their corporate lease agreement, but they can now benefit from advanced property viewing and touring. With innovative technologies like exterior drones, interior infrared drone cameras, and 3D modeling programs, which work similar to virtual reality, allowing 360 degree views and a real-life perspective of a property. In fact, there is even talk right now about smartphone-compatible immersive virtual reality technology applications that can place potential tenants inside the property for an up-close look. Only the future will tell!

Effectual Lease Negotiations

Technology has by far given corporate tenants an advantage in terms of lease negotiations. With just a click of a button, potential leasers can view and adjudicate virtually all market data for a property before even making a call to schedule an on-site tour. This gain can trigger tenants to make more impulsive selections and de-selections during the initial phase of the commercial office search. Additionally, this access to market data tells corporate tenants what the current market conditions are for such real estate, which in turn allow them to better evaluate leasing deals.

But this is not the only market research tech that gives commercial tenants the upper hand; there is also commercial real estate data exchange platforms available, which combines market research and social media data. This program lets tenants get additional information on rent and lease deals, free rent credits, and even tenant improvement allowances.

Are you looking for a qualified tenant improvement contractor to help remodel your office space into a place that best meets the overall objectives of your business? Contact BAF Corporation at 317-253-0531 for commercial tenant improvement remodeling and construction in Indianapolis, Indiana. We serve commercial and industrial clients all throughout the state.

Top Building Remodels That Will Entice New Commercial Tenants

Posted on January 28, 2022 by bafcorp20

When you own a multi-unit commercial building, tenancy is critical to your bottom line. The goal, after all, is to acquire and maintain full occupancy, year-round. If you are struggling to keep commercial tenants, some fresh and trending building features may help to attract new ones, even better ones.

Continue below to explore some of the most effective building remodels and additions to consider if you are trying to lure in new commercial tenants, plus who to trust in Central Indiana for superior commercial remodeling work.

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How to Attract New Commercial Tenants Through Building Renovation

Your building is great, but it can be better. This day and age, there are many different approaches to designing the modern office, warehouse, and more. Some of the most revered and proven building features sought out by commercial tenants include on-site fitness centers and spas, snack and dining options, outdoor spaces, natural lighting, wireless coverage, and when applicable, elevators.

On-Site Fitness Centers

It is suggested by many industry authorities that commercial tenants are more drawn toward leases that include access to a gym, fitness center, or health spa. Many people work out, while many others enjoy wellness experiences like saunas and tanning beds. By offering these or similar amenities, you may be able to attract a much larger pool of potential commercial tenants.

Dining Options

Providing easy access to snacks, refreshments, and food is a great way to entice new commercial tenants to sign a lease. Consider adding break rooms or small kitchenette areas within your commercial spaces, or building a whole food court, café, or cafeteria. Vending machines for beverages, coffee, lattes, espressos, and snacks are also enticing.

Outdoor Areas to Work and Gather

No one likes to be stuck inside an office or building all day, especially when it is really nice outside. It is proven that employees are more productive when they can access outdoor areas for work, breaks, meetings, collaborations, and more. This is enticing to business owners looking for a commercial space to lease.

Natural Lighting

Although a dimly-lit space can look cozy and romantic, it is not a compatible ambience for a team of working employees. Natural lighting provides healthy, bright light that is not distracting for employees and guests. You can achieve this by installing larger windows, skylights, and a more innovative interior lighting system.

Wireless Coverage

If you have a particularly large commercial building, the wireless coverage may be spotty in some areas. Tenants have complained about no reception and dropped calls while walking from one location of the building to the next. You can prevent or resolve this problem by installing a distributed antenna system (DAS), which can improve your wireless coverage throughout the building.

Elevators

If your commercial building is only one level, this feature isn’t for you. But for commercial-use buildings with more than one floor or level, one or more elevators is extremely attractive to tenants. For larger buildings with multiple levels and higher occupancy, adding in an adequate number of elevators can improve time efficiency for employees, visitors, and clients.

Are you looking for superior commercial remodeling in Indy, but you are not sure where to begin? 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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6 Building Features That Corporate Tenants are Looking For

Posted on March 9, 2020 by bafcorp20

In the modern commercial real estate world, it is becoming very common for office buildings to offer a number of amenities for the purpose of attracting new tenants. Such features work well to fill corporate leases because they effectively increase convenience, safety, and overall productivity. As a result, office spaces get filled faster, and stay filled longer; all of which satisfies profitability. If you are interested in attracting new corporate tenants to your commercial office building, perhaps you too should consider applying some of these features they are so fervently looking for.

Continue below to learn the top 6 recommended building amenity options, and how to get started on a bid for your property.

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LEED Certification

Buildings that are LEED-certified are a hot pick in today’s commercial real estate market. Going green or achieving “greener” operations is a popular construction approach that can significantly reduce regular utility costs. Such energy efficiency subsidies are beneficial to both proprietor and tenants, alike.

Distributed Antenna Systems (DAS)

Distributed antenna systems (DAS) are a must-have in today’s technologically-driven society, especially for large corporate buildings and campuses. They are basically a series of antennas that provide optimal wireless coverage throughout a property. Read our blog, “Top Commercial Real Estate Technology Trends Today” to learn more technology applications that render higher success.

On-Site Dining

The corporate world doesn’t want to waste too much time commuting and waiting when it comes to lunch breaks. For this reason, corporate tenants are looking for buildings that offer a more convenient and efficient option. To meet this demand, many corporate buildings are now being designed with on-site dining options, like cafeterias, coffee shop, and food courts.

Natural Light

Natural lighting is a big request among commercial real estate proprietors. Not only is natural light aesthetically-pleasing and advantageous to the resale value of a property, it can also boost employee morale, which in turn, can increase productivity and overall profitability. Features like larger windows, skylights, and sunrooms are popular.

Outdoor Break Areas

Corporate tenants want a place they can gather and hang out other than inside the office. For this reason, outdoor break and recreation areas are becoming more common among corporate building designs. Terraces, patios, decks, verandas, rooftop gardens, and more are all popular features seen in today’s office real estate.

Excellent Elevators

It is common for tenants to be very frustrated with the elevator systems inside their office building. No one wants to leave their house 15 minutes earlier than they should just because the elevator wait at work is so long. Corporate tenants are highly in search of buildings that are designed with easy and efficient elevator systems.

Indiana Commercial Office General Contractors

Contact BAF Corporation at 317-253-0531 for trusted office and commercial use construction in Indianapolis, Indiana. Our skilled and experienced commercial general contractors deliver a streamlined construction process that meets all defined engineering and design specifications, procurement, schedules, and budgets. We serve all corporate, commercial, and industrial industries in Indianapolis, Indiana and its surrounding districts. Call today to request free information or to schedule a consultation.