Tenant Improvement: Drilling Down the Costs

Commercially rented space may have to be customized to fit a tenant’s needs. The leaser and the landlord will negotiate who will design the space, do the work, when it will get done and who will pay for it. The lease clause that addresses these issues will be titled ‘Improvements and Alterations Tenant improvements can […]

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Guide to Commercial Tenant Improvements

A commercial tenant improvement project involves the interior remodelling of an existing office or retail space to upgrade for the current tenant or to change in order to accommodate a new tenant. This post is to aid owners, designers and architects in the preparation of the plans needed to complete applications for the necessary permits. […]

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The Pre-Bid Job Walk: Is It Necessary?

Pre-bid job walks are typically held during the bid/proposal preparation period, is more important than it may seem. Usually, the invitation to bid contains instructions and information relating to a pre-bid job walk site inspection. Complying with these instructions is necessary. The purpose of the pre-bid job walk is to clarify any concerns bidders may […]

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Grey Shell vs. Vanilla Shell: What is the Difference?

When leasing or buying new commercial space, you may run across the following terms: Grey Shell and Vanilla Shell. Many people are confused about the difference between the two. While each situation is different, the following are basic definitions of the two and what is most commonly included. The term Vanilla Shell (White Box, Warm […]

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