There are two classifications for a commercial buildout. One type is where the tenant takes authority over the buildout after negotiations with the landlord are completed. In the prior negotiation between the parties, they came to an agreement on what changes are authorized to the building and the cost allowance the landlord will contribute for the buildout. When the tenant is in charge, the tenant finds the professionals required to complete the buildout. Necessary hires are typically an architect, a designer (for interior), and a contractor. The complexities of the project will determine how long, (time), how many, (professionals), and how much. ($$$) This type of buildout tosses the ball in the tenants court and allows the tenant to make determinations on contractors and other professionals involved. Should the tenant go above the allowance, it must come out of their pocket. Having control and the end say-so is wonderful for the tenant, but this way is not always the most cost-effective way to handle your new business. We encourage you to call us first. We can help you with every step involved. When we are hired, we act as your advocate. And we have connections to architects and designers.
A turnkey buildout, however, leaves all control with the landlord. The tenant tells the landlord what they require, negotiations are settled, and the landlord follows through with hiring all professionals. The downside to this occurs when the landlord decides to cut corners with purchases, and the business loses the ability to personalize their new business.
Call us when you need your building renovated for new tenants!
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