It is a common misconception that all tenant improvement allowances mean the same thing. If you hear $35 per square foot, that does not mean that your final cost will be exactly that. What you end up spending on your tenant improvement overall is the real number. Continue reading to learn more about TI allowances, including how they can differ in value depending on certain factors.

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TI Allowance May Vary Depending On Your Needs and Preferences

Unless you are granted a flat tenant improvement allowance, which is when the landlord agrees to build out your TI project at no cost to you, there are some additional expenditures you might incur when everything is said and done. Are you planning for a dark shell or vanilla shell turnout? Are you open to reusing and repurposing existing materials? Do you envision an open or closed floor plan? Does your commercial building provide an amenity package for things like restrooms, lockers, food, or common areas? All of these factors can influence the value of your tenant improvement allowance.

Dark Shells Versus Vanilla Shells

When you are remodeling a tenant occupied commercial space, the most basic options you will have to choose from are dark or grey shell turnout, or vanilla shell turnout. A vanilla shell TI package generally delivers your basic, smooth aesthetic. This includes drywalling of all demising walls (partition walls that separate one tenant-occupied space from another, or from a building’s common areas), ceiling, lighting, a number of electrical outlets, essential plumbing, HVAC work, and in some cases, bathrooms. A grey or dark shell TI construction remodel will look a lot different, mostly because they only include the construction of electrician and plumbing stubs, and only on the demising walls of the space.

Reusing Existing Materials to Cut Costs

When you are remodeling a tenant-occupied space, you can almost always expect to incur demolition costs. But in some cases, existing materials that are in good condition can be reused or repurposed in the new space, and still done so up to commercial building codes. Materials like plumbing, metal framing, ductwork, lighting fixtures, and even interior doors can all be reused, and therefore, cut your TI costs.

Building Amenity Packages

Adding restrooms, food courts, kitchens, and break areas to a tenant improvement project is a big expense. If your building comes with an amenity package, such as shared restrooms, cafeterias, break areas, and similar public or communal facilities, you can potential lower your TI build-out expenses, or even allocate the budget towards something else in your TI project.

Are you interested in learning how you can meet all of your business objectives with a successful tenant improvement project? Contact BAF Corporation at 317-253-0531 to learn how we deliver organized and professional tenant improvement remodels in Indianapolis, Indiana.

You Should Also Read:

4 Tip for Planning a Tenant Occupied Building Renovation
Who Pays for the Cost of the Tenant Improvements?
6 Building Features That Corporate Tenants are Looking For

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Start With Licensing and Insurance

The first set of credentials to look for when hiring a commercial contractor for tenant improvement services are licensing and insurance. Commercial construction is a serious undertaking that requires the utmost proficiency and security. A company with an active and good-standing operating license, as well as full-coverage insurance, is a company that can be considered worthy of hiring.

Move On To Qualifications

Beyond licenses and insurance coverage, a TI contractor should retain extensive training and knowledge of the construction field, coupled with years of hands-on commercial construction experience. Look for a licensed and qualified tenant improvement contracting team that has been working in the industry for decades, and can offer an actual portfolio of successful projects.

Furthermore, narrow your search by choosing a TI contractor who has actual experience in the type of business you own or are opening up. For example, if you are a leaseholder to a group of tenants in the medical care industry, you would be wise to select a contractor who has experience specifically in medical building construction and tenant improvements.

Consider Value and Innovation

When it comes to long-term tenants, you want your renovations to stand the test of time. To achieve this, your tenant improvement projects will require higher quality building materials, which can only be offered by an accomplished and reputable commercial construction company. When interviewing potential TI contracting teams, be sure to consider the value they offer in terms of their resources, equipment, and building materials. Furthermore, be sure they can offer current technologies and innovative solutions for your growing business objectives.

Central Indiana Tenant Improvement Contractors You Can Trust

Contact BAF Corporation at 317-253-0531 for commercial TI construction and planning in Indianapolis, Indiana and its surrounding Central Indiana locations. Our commercial construction teams use a client-centered partnership approach to accurately understand our client’s business objectives and tenant’s needs, and deliver results that maximize profitability by driving greater value. When you choose BAF Corporation for commercial tenant improvement planning and construction, you can expect competitive pricing, value engineering, efficient project completion, and turnkey service. Get started with an over-the-phone consultation, today.

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Are All Tenant Improvement Allowances the Same?