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

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.

Commercial Office Renovation Indianapolis Indiana 317-253-0531
Commercial Office Renovation Indianapolis Indiana 317-253-0531

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 Outdated light fixtures are not appealing, so they will stick out like a sore thumb.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.

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How to Lease the Right Office Space

Whether you are planning to move your business or open a new location, choosing the right office lease will help set you and your staff up for success. Continue below for some helpful tips on how to lease the right office space that meets your needs, including your budget and overall business objectives.

Commercial Office Space Planning Indianapolis Indiana 317-253-0531
Commercial Office Space Planning Indianapolis Indiana 317-253-0531

Top Considerations for Leasing New Office Space

When you think about moving or opening a new office space, you want to set your focus on how your staff will feel and function. You also want to set this focus on your clients if your business serves customers on-site. Employee contentment and morale plays an important role in their overall productivity. Higher staff productivity improves your business’s bottom line.

Aside from making your staff comfortable, you want to also set them up with the proper design and resources that allow them to perform their duties to the best of their ability, and with optimal efficiency. These too can help improve your bottom line. You will want to think about your office’s size and square-footage, as well as its design, location, amenities, accessibility, budgets, and more.

For these reasons and more, it is vital to choose the right office lease and space that can adequately meet the current and future needs of your business. Here are some tips on how to narrow your office space lease options down to the ones that best fit your business objectives:

Consult With Managers and Team Members

You are not the only voice that matters when it comes to moving office locations. To ensure you find the office lease that best fits your business’s needs, you should solicit input from your managers and staff members. They may have a unique viewpoint on the office’s needs or offer suggestions on how to improve their productivity. Ask them to list their concerns and priorities, then review each list with them to open a discussion.

Take a Staff Survey

Implementing a staff survey is a great way to identify office priorities and areas of improvement. You can choose to conduct this assessment online via email, in person, anonymously, or as a requirement. Ask your staff and management teams how they commute to work, what they like most about the office, what they like least, what they think can be improved, if their workstation is comfortable, and so forth.

You can also ask them if they would run errands or visit other types of businesses on their lunch hour, before work, or after work, like fitness studios, grocery stores, and restaurants. This information can give you an idea of where to look for potential office space. For instance, you might look for office space with an open floor plan and more natural lighting, or near an easy highway exit or popular shopping center.

Think About the Present and the Future

As mentioned, you will want to consider the current needs of your business, as well as the future expected and unanticipated needs. This includes your budget, procurement, staffing, resources, facility maintenance, expansion, and more. These elements can be easily planned and organized with the help of a licensed space planning contractor in Indiana. For instance, you want to choose an office space that can accommodate your current load of business, as well as more business in the years to come. If you are thinking about expanding your operation, you will want to make sure the space you choose is compatible with conversion or remodeling work.

Be Patient

It is important to be patient and take your time during the office space search process. Not only do you want to look at as many spaces as you can, but you will also need to make multiple office lease offers. Ultimately, you want landlords to compete over your business. Talk to the landlords and interview them about their lease agreements, plus introduce yourself to potential neighbors who might give you some insight on the area or building. Do not be afraid to bring your commercial general contractor with you to look at potential office space if you know you will need to implement some degree of remodeling or construction. They can help you identify good and bad locations.

Are you looking for new commercial office space in Indiana? Contact BAF Corporation at 317-253-0531 for superior space planning and permitting in Indianapolis, Indiana. We are experts in office and commercial use construction, as well as tenant improvement remodeling and facility maintenance. We serve commercial and industrial clients all throughout the state.

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Indianapolis Commercial General Contracting and Design Build Services
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Top Building Remodels That Will Entice New Commercial Tenants

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.

Corporate Remodeling Indianapolis IN 317-253-0531
Corporate Remodeling Indianapolis IN 317-253-0531

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.


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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What is a Commercial Lease Abstract?

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.

Indianapolis Indiana Commercial Office
Indianapolis Indiana Commercial Office 317-253-0531

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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How to Rethink the Modern Office

There is a new world out there, whether we like it or not. As a result, many aspects of life are taking on a new look, and the same applies to the modern commercial office space. Your commercial office might not yet reflect the changing work environments and wellness standards of today’s workplace. To improve your company’s progression through these new circumstances and challenging times, you should rethink the modern office setup.

Start by considering these commercial office renovations and remodels, and be one step closer to meeting the modern-day needs of your staff and your overall business objectives.

Indiana Commercial Office Building Construction
Indiana Commercial Office Building Construction 317-253-0531

What a Modern Office Might Look Like

Closed Work Spaces

Open concept floor plans are taking a back seat in today’s office environment. Many commercial offices are reverting back to closed workplaces, such as cubicles, private offices, partition desk arrangements, individual workstations, and similar social distancing setups. You might consider incorporating a version, or combination of these examples to meet the needs of your staff and guests.

Outdoor Work Spaces

Although many states do not permit a comfortable outdoor environment year-round, it is still a current and popular trend to add more outdoor work spaces for employees in the office setting. Such outdoor work areas can be permanent, year-round spaces, or they can be seasonal, and easily transitioned from one season to the next. Go big with the addition of an outdoor terrace, garden, or transitional atrium; or keep it simple with the basic outdoor workspace needs like benches, A/C outlets, and shaded structures.

Hybrid Offices

Not everyone is working full-time in the office setting these days. Many employees are working more days at home, and only stopping into the office for weekly meetings and collaboration with team members. This hybrid-office approach proves to have many benefits that might be compatible with future business endeavors and operations. If you are considering a hybrid office arrangement, consider remodeling your office to have more open lounge areas, meeting rooms, large communal tables, and workstations for team collaboration.

Touch-Free Designs

Another emerging innovative design approach for medical facilities is touch-free technology for germ-prone surfaces that are commonly found in restrooms, cafeterias, lobbies, waiting rooms, patient rooms, and more. Such technological applications include tough-free dispensers for soap, hand-sanitizer, and hand towels. Other touch-free applications can be used to open and close doors, make intercom calls, request emergency assistance, temperature controls, televisions, and more. Reducing the amount of surface contact in a public building also reduces the potential for cross-contamination, and thus, improves the safety of the medical facility environment.

Are you a business owner who wishes to remodel your commercial office soon? Contact BAF Corporation for superior office remodels and commercial-use construction services in Indianapolis, Indiana.

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How to Move Your Office From the City to the Suburbs

Like many business owners and commercial real estate proprietors, the COVID-19 pandemic has likely changed the way you do business, and greatly impacted your overhead operating costs. For this reason, many businesses are moving their big city and metro office locations to more community-based districts for lower rental rates and generous lease agreements. Not only is this saving business owners money, but it is also improving their overall budget efficiency. If your office or company is currently located in an expensive city location, you too might want to consider moving to the suburbs to help you and your staff better accommodate to the evolving office platform we have experienced this past year.

Continue reading for some tips that will help you better transition from a big city office location to a suburban location.

Indianapolis IN Office Remodeling Contractors
Indianapolis IN Office Remodeling Contractors 317-253-0531

Get Creative With Your Office Options

You don’t have to look for bland, strictly-leased office buildings if you want to move from the city to the suburbs. Get creative and think outside the box! For instance, due to the pandemic, there are many vacancies and retail spaces available for reduced rent at places like shopping malls, business plazas, and strip malls. Not only are these locations easy to renovate to meet your business’s needs, but they are also cheaper than big city rentals, and more conveniently located. Staff, guests, clients, or customers can enjoy the easy highway connections and commutes, nearby shopping, restaurants, and local services.

Hire a Tenant Improvement Contractor

Moving office locations involves a lot of steps, and even more consideration. Furthermore, the commercial real estate market can be complex and confusing. So, if you want to ensure you get a fair deal that will meet the current and future needs of your business, it is vital to hire a commercial general contracting company who specializes in tenant improvements and remodels. They have the acumen and professional resources to efficiently navigate brokerages, insurance, securities, lease agreements, zoning, permitting, space planning, and all other complexities involved in moving into a new office location.

Make the Switch Easy for Your Employees

Your staff will appreciate the effort you make to relieve some of the stress and labor involved in transitioning into a new office location. First, provide as much information as possible, and as soon as possible, in clear and precise ways, such as comprehensive packets, meetings, emails, flyers, and more. The more they know, the less fear and uncertainty they feel, making the move much easier for them. Also provide them with thorough information on the local demographics, public transportation, interstates and highway connections, local shopping centers, restaurants, dry cleaners, and more.

Know Your Codes and Zoning Requirements

Get to know your local building and city codes, including fire codes, construction permit requirements, zoning laws, and all other relevant regulations. Your commercial TI contractor can help you with this. So really, all you have to do is study the literature they provide, as they will be able to gather all relevant and important laws and information pertaining to your new location.

Are you looking for a TI contractor for help with office and commercial use construction in Indianapolis, Indiana? Contact BAF Corporation at 317-253-0531 to learn your options for relocating and/or remodeling a new office space.  

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Indianapolis Commercial General Contracting and Design Build Services
Contact Us Today 317-253-0531

Tips for Keeping Your Business Open During a Remodel

It is not cheap to fund a commercial renovation or remodeling project. So, when it comes to the point when you need to move forward with one, it is wise to consider remaining open for operation during the process. This will allow you to continue bringing in revenue, while also knocking out a much-needed update or remodel. Of course, not all business owners have the option of staying open when proceeding with a commercial renovation, such as restaurants, but in many circumstances, it is quite possible with the right elements in place.

If you think you might want to stay open during commercial remodel, there are some important factors to consider, and few helpful pointers that will ensure a smooth and successful process. Continue below to review some of the top-recommended tips and considerations you should know as a business owner or proprietor.

Commercial Construction Indianapolis Indiana 317-253-0531
Commercial Remodeling Indianapolis Indiana 317-253-0531

Remodeling While Staying Open for Business

When a business or office stays open and operational during a renovation, there are certainly some challenges that might arise, and a few expected inconveniences. However, this does not mean that it is impossible to do so successfully, all while accommodating your guest’s and staff’s safety and comfort. This is also important to your staff’s productivity and your operation’s efficiency. An experienced commercial construction company will know exactly how to meet these objectives, as well as all other detailed specifications and overall business objectives.  

Your First Step is Budget Analysis

Your first step to determining whether or not you should keep your business operating as usual during an upcoming commercial renovation is to perform a budget analysis report. This report will provide you with data that analyzes the cost-benefit of staying open and compares it with the scenario of temporarily closing down, thus giving you insight on the rationality of moving forward one way or the other.

Safety is Key

Safety is another critical aspect of staying open during a commercial remodel. Consider posting maps to show which areas are zoned for construction, and giving your staff safety gear if necessary. Always have an emergency plan in place in the case of an injury or accident, and be sure your vendors have a copy of the renovation schedule to protect them and your remodel work. You can also appoint a staff member to sweep and tidy up the work areas every hour.

Additional Factors to Think About

If you are leaning toward staying open during your commercial remodel, there are some important factors you should consider first, as mentioned before. Primary factors that you must address head on before getting started with any construction include adjusting your business hours, organizing a clear line of staff and customer communication, designating construction zones, construction containment efforts, and most importantly, safety.

Business Hours – Think about how your business hours might impact the quality and efficiency of your commercial remodel, and how you might be able to make certain adjustments to accommodate the construction work, staff, and guests. Perhaps schedule the construction overnight, during off business hours, or during slow times of business, such as early morning, mid-day, or late afternoon.

Communicating – It is critical to maintain a clear and open line of communication regarding all construction work to both staff and guests. Consider making memos, sending emails, posting signs, and more so that everyone is up to date on the upcoming work. Ask for feedback, take suggestions, and ensure that every effort has been made to minimize disruption.

Construction Zones – Think about how you will safely separate the construction areas from your business’s operating areas. You will want to restrict access to all construction zones, plus consider placing noise barriers and debris barricades to limit sound and health disruption.

Debris Containment – There is a lot of dust, debris, and chemicals used in the commercial renovation process, which can travel into the operational areas of your business during construction. To avoid healthy and safety hazards, including poor air quality, you will need to consider how you will mitigate such particulates during construction. Containment barriers work well, as does pressurizing rooms, modifying the HVAC systems, and installing fans to air out paint and other chemicals.

Licensed Commercial Remodeling Construction Services in Central Indiana

Contact BAF Corporation at 317-253-0531 for trusted commercial construction services in Indianapolis, Indiana and its surrounding locations. Our skilled and experienced commercial general contractor teams deliver a streamlined 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.

Indianapolis Commercial General Contracting and Design Build Services
Contact Us Today 317-253-0531

How to Improve Efficiency Through Innovative Office Design

We have probably all worked in environments that were just not conducive to a productive workday. Things like glaring fluorescent lighting, freezing cold conference rooms, blinding white wall paint, inefficient workspace, crowded cubicles, small offices, uncomfortable desk chairs, and lack of much-needed amenities. As an office building proprietor or manager, it is wise to ensure your office space is comfortable and efficient in order to optimize your staff’s contentment and productivity, both of which will successfully contribute to your overall profits.

Continue below to learn what an efficient, innovative office design looks like in 2021, and how you can achieve success through office remodeling.

Indianapolis Commercial Office Remodeling
Indianapolis Commercial Office Remodeling and Design Build Services 317-253-0531

Innovative Office Design Tips for 2021

A Floor Plan That Enhances Flow and Encourages Movement

Sitting around at a desk all day can have many negative effects on your employees. From simple boredom and lack of focus, to eye strain, back pain, sciatica complications, and much more, your staff will not work well in an environment that fosters stagnancy for the entire workday. Additionally, insufficient flow to the office space floor plan can discourage efficiency in terms of daily operations and general convenience. A more flexible, flowing floor plan can also positively impact the emotional and physical well-being of your staff, which ultimately increases your business’s success.

So, opt for an office floor plan that not only delivers easy and efficient flow, but also promotes movement among your staff of employees. Some examples include taking down walls, spreading desks around to encourage more walking, incorporating standing desks, installing vending or beverage stations, space conversions, and total office design build remodeling.

Better Lighting and Paint Colors Promotes Higher Levels of Focus

Harsh, fluorescent lighting and stark white wall paint are not great for relaxation and focus. If your office space resembles more of a warehouse or clothing store boutique, you might want to reconsider your lighting systems and options, and your paint colors. It is a proven fact that natural light in an office setting has a great, positive impact in staff morale, making it a prime office design consideration. Furthermore, it is suggested through experience that paint colors like green and blue have a relaxing effect on staff, which increases their ability to concentrate, while colors like pale yellow and soft whites can boost productivity.

Incorporating Nature and Natural Light Has a Positive Impact on Staff Productivity

As mentioned, natural lighting in the office can relax staff, which can allow them to better focus on their work duties. However, enhancing your office space with more than just natural light can further boost employee productivity and contentment, such as adding in elements of nature. One of the most successful and encouraging space conversions for an office building is to add in atrium-like room or space that is both indoors and outdoors. Other ideas are to bring in natural elements to the office, such as live plants, watering systems, koi ponds, fountains, and similar nature-like installations.  

How to Get Started With Commercial Office Design Build Services in Indianapolis

Contact BAF Corporation at 317-253-0531 for trusted commercial design build and office remodeling services in Indianapolis, Indiana and its surrounding locations. Our skilled and experienced commercial general contractor teams deliver a streamlined 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.

Indianapolis Commercial General Contracting and Design Build Services
Contact Us Today 317-253-0531

Advice for Selecting a New Office Location

Although online “influencers” and millennial moguls might insist that all you need for a successful new office location is a space with a little character in a trendy neighborhood, there is much more to commercial real estate leasing than just that. Take it from the experts in commercial space planning and preconstruction who know exactly what it takes to find the perfect new commercial site that meets all current and future business objectives for owners.

Continue reading to learn some of this professional advice, and where to get customized commercial space planning assistance you can trust.

Indiana Commercial Space Planning and Preconstruction
Indiana Commercial Space Planning and Preconstruction 317-253-0531

How to Select a New Commercial Location

Choosing a new commercial site is not as easy as picking out the best building in the biggest city in your state. In fact, the process is much more intimate than that, as there are several specific and personal variables that must be considered in order to make the best selection. Not only should you take into consideration your own business objectives and personal preferences, but you should also factor in your customers’ and employees’ needs. By balancing all of these difference variables, you can place yourself on a promising path toward finding the perfect fit for your new commercial location.

Factors to Consider for Commercial Site Location:

Community Reputation. Is the neighborhood geared toward a specific industry? Are other businesses doing well? Or are there many businesses choosing to not renew their leases? Is the crime rate high? How is the accessibility in and out of the community? What are the average traffic conditions like? Is it close to other places you will be doing business or entertaining clients? Does it have many places for shopping, meeting, and dining?

Employee Amenities. Is the new area easily accessible to your staff and/or clients? Are there nearby shopping centers, restaurants, and similar consumer amenities for them? You see, staffs tend to be more productive when they are happier. Being able to visit a restaurant or run errands on their lunch hour provides them with a level of convenience that makes them happy, which can be profitable for business owners.

Wi-Fi Coverage. It is important to think about your office’s technology needs. How much wi-fi coverage does your new office need? Is there plenty of wireless coverage? Would you require a wireless booster for sufficient wi-fi coverage? Does the new area have adequate cell phone tower coverage?

Accessibly. Does the location have highways, interstates, and exits that make it easily accessible to both staff and clients? What are the traffic conditions usually like? Is there adequate parking for employees and customers? Is there a fee for parking? Are there public transportation options? Is the city or government planning any upcoming road construction that would impact your business?

Once you have considered all of these factors, you can better narrow down a selection of listings with professional commercial space planning and permitting services. Talk to a local and trusted commercial construction company who specializes in helping business owners with real estate development. They can even help you understand the factors to consider before signing a commercial office lease, which is an entirely separate but equally important aspect of choosing a new commercial site location.

Commercial Space Planning and Preconstruction in Central Indiana

Contact BAF Corporation at 317-253-0531 for trusted commercial space planning and preconstruction services in Central Indiana and its surrounding locations. Our skilled and experienced commercial general contractors serve all corporate, commercial, and industrial industries in Indianapolis and all throughout the state. Call today to request free information or to schedule a consultation.

Indianapolis Commercial General Contracting and Design Build Services
Contact Us Today 317-253-0531

Common Operating Costs as a Commercial Tenant

Whether you are preparing to perform a routine audit of your commercial lease portfolio, or considering a list of potential office spaces for rent, rent is not the only operating cost to review. Aside from rent, there are many other types of operating costs for a rented commercial space. Continue reading to learn some of the most common operating costs you can expect as a commercial tenant, as well as, where to get trusted advice regarding tenant improvements.

Indianapolis Tenant Improvement (TI) Contractors
Tenant Improvements and Office Renovations in Indianapolis 317-253-0531

The Cost of Rent

You can certainly expect to pay rent for your commercial space, but also expect this expense to be the bulk of your total operating costs. Review your base rent cost, then follow up by reviewing how that cost might evolve or increase overtime. Be prepared to learn that your lease allows the commercial landlord to increase rent at their discretion, as many commercial leases do. However, in such cases, the rate at which the rent will increase, and by how much, is usually defined in the lease agreement from the start. There are likely set caps on how high the rent can get. Variable indicators, like the Consumer Price Index, might also influence a landlord’s method of rent changes.

Property Taxes

Taxes are an obvious cost for a commercial tenant, and for anyone working in the country for that matter. In your commercial agreement, the portion of property taxes paid might be with a single, double, or triple net lease. Furthermore, property tax reassessments can result in sudden and unexpected operating cost increases. Talk to your landlord when reviewing your lease, and ask whether or not the property has been assessed recently, or if any assessment is in the books.

Insurance Coverage

General liability insurance might also be an obvious operating expense for a commercial tenant, but there is more to consider when reviewing your lease. For instance, if you have a double or triple net lease, you must pay for a portion of the landlord’s property insurance. When renegotiating your liability insurance premiums, be sure you understand that your space’s location will have an impact.

Utility Costs

Like any other modern building or space, it will require the use of electricity, running water, heating and air conditioning, and many other modern utilities. So, you can expect to pay utility costs on a routine basis, unless you have a gross or full-service lease. Talk to your trusted Indianapolis commercial general contracting company to learn how you can keep utility costs down by incorporating more sustainable infrastructure, operations, and technology.

Miscellaneous Fees

Your landlord might require their commercial tenants to be responsible for paying certain miscellaneous property fees, separate from rent and utilities. Some examples of such fees include parking fees, permits, property facility maintenance, exterior sign displays, a possibly even a hidden repayment of rent abatement. Also, some landlords will offer first months’ rent free, but then require that month’s rent to be repaid by the end of the year. Watch out for this too when reviewing your lease agreement.

General Maintenance and Upkeep

Commercial tenants are generally responsible for maintaining the property on their own dime. This commonly includes expenses like facility maintenance, custodial services, indoor plant care, garbage and recycling, minor repairs, landscaping service, snow removal, and security. Be sure to look for these fees in your commercial lease, and discuss who is responsible for paying what when the time comes. Also be sure to discuss your TI allowance with your landlord, and perhaps plan a needed tenant improvements or remodels for your commercial space or building.

Office Renovations and TI Improvements in Indianapolis, Indiana

Contact BAF Corporation at 317-253-0531 for trusted office and commercial-use construction services in Indianapolis, Indiana and its surrounding locations. Our skilled and experienced commercial general contractors are certified specialists in tenant improvements, office remodels, and commercial-use construction services. Whether you are launching, expanding, renovating, or relocating an office or professional space, our commercial construction and building contractors have the qualified expertise, first-class resources, and latest technologies to support your business’s objectives and generate long-term value. We serve all corporate, commercial, and industrial.

Indianapolis Commercial General Contracting and Design Build Services
Contact Us Today 317-253-0531