Alternatives to the Tenant Improvement Allowance0

Posted by Thomas Miller, CCIM

tenant-improvementMany tenants confuse the tenant improvement allowance with a present from the landlord. But it’s a gift with strings attached – any cost overruns will come out of your pocket, and not your landlord’s. So is there a safer alternative? There are three, actually, that may be a wiser course of action. … Read more →

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Negotiating the Warehouse Tenant Improvement Allowance0

Posted by Thomas Miller, CCIM

tenant-improvementPreparing the premises for a tenant’s occupancy can be costly, time consuming, frustrating – and entirely avoidable. Historically, distribution tenant needs tended to be relatively typical. However, with more sophisticated logistics systems entering the marketplace and becoming more widely adopted, landlords today are being faced with far more building preparations than in the past. With these added requirements comes the question of who is paying for them – and how. This is becoming a key component to the lease negotiation, and it’s just as much a consideration as the base rent negotiations. Both have a significant impact on the cost to the occupancy. … Read more →

Our posts are intended to educate commercial real estate users so they can make better decisions in their real estate use, investments, buying and selling. We encourage your input and commentary. If you are enjoying these posts and finding them useful, help spread the word via Facebook, Twitter, LinkedIn, Google + or email with the buttons above.

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