How to Move Your Office From the City to the Suburbs

Posted on March 1, 2021 by bafcorp20

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 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.

You Might Also Read:

General Tenant Improvements for Commercial Properties
Advice for Selecting a New Office Location
Who Pays for the Cost of the Tenant Improvements?

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

Who Pays for the Cost of the Tenant Improvements?

Posted on June 12, 2020 by bafcorp20

Tenant remodels and leasehold improvements are much different from conventional commercial construction projects since they are intended to be an investment for a business owner. With that being said, when it comes down to who pays for what in a tenant improvement project, the answer can be more complex than you would expect.

Continue reading to learn more about who pays for the cost of tenant improvement (TI) projects, as well as, where to get trusted TI construction work near you.

Indianapolis Tenant Improvement (TI) Contractors 317-253-0531

TI Cost Planning

Generally, TI costs are considered by the landlord of the property when they agree to a rental rate among tenants. Most often, a portion of a tenant’s monthly rent will reimburse a landlord for the cost of TI construction work, however, this is not always the case. In the case of a turn-key tenant improvement project, it is necessary for the landlord to know specific details on the work being performed, including which areas or spaces are being remodeled. Another reason why a turn-key project requires upfront information for a landlord is so that they know how much the costs are going to be for all the work.

TI Allowances and Lease Signings

At the time of the lease signing, both the tenant and landlord should come to an agreement regarding TI allowances. Tenant improvement allowances are sums of money made available to tenants by the landlord to cover some of the cost of needed remodeling work. Such allowances are usually stated on a per-square-foot basis, and most common for new spaces since more renovations are needed to finish the project. However, the amount of money provided by a landlord for TI work varies greatly, and depends on a wide range of factors, such as the age or current condition of the space, duration and value of a tenant’s lease agreement, market demand, and more.

Furthermore, if the total cost of a tenant improvement project exceeds the original, agreed-up allowance, the tenant is responsible for paying the remainder. Although rare, it is possible for the landlord to take on the excess costs themselves, but they will only do so to a certain capped amount, plus increase the tenant’s rent accordingly.

If a tenant decides to take on the TI work themselves, they risk being subjected to delays and unanticipated setbacks, which can hurt them financially since their rent will still be due on the date in the lease contract, regardless if they can move into the space yet or not. In this case, the tenant takes on all of the risk, and might have to pay more for construction, while also paying rent at the same time, without any revenue coming in.

To avoid this hassle, always hire a professional commercial construction company that specializes in tenant improvement work. You see, commercial building teams use a client-centered partnership approach to accurately understand our client’s business objectives and tenant’s needs, and deliver results that maximize their profitability by driving greater value.

Indianapolis Tenant Improvement Construction Contractors

Contact BAF Corporation at 317-253-0531 for trusted tenant improvement construction in Indianapolis, Indiana and its surrounding locations. Our skilled and experienced commercial general contractors deliver a streamlined construction process that meets all defined engineering and design specifications, procurement, schedules, and budgets for your commercial office space or business. Call today to request free information or to schedule a consultation.

How to Find a Qualified Tenant Improvement Contractor

Posted on April 21, 2020 by bafcorp20

As a commercial building owner who wishes to entice long-term tenants to enter into or remain in a lease with you, it is wise to offer a tenant improvement package. To confer such an opportunity to important tenants would mean to protect your overall business objectives and long-term investment goals. But in order to be successful with a tenant improvement (TI) project, you must ensure you enlist the right commercial construction contractors.

Continue below to learn how to find a qualified tenant improvement contractor to help you plan, design, and execute your TI needs.

Indianapolis Commercial TI Contractors 317-253-0531

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.