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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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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