Build-out a space, making it as generic and functional as possible. The tenant and buyer can then go in and add more offices if they want. The use of modular furniture is popular in these instances. It shortens that six-month period to where they can take immediate occupancy.

Other landlords identify a niche sector where the building and location will fit in best and target tenants in that niche to keep improvements at expected controlled levels eliminating major costly improvements for both landlord and tenant.

This concludes our topic on Ways to Reduce the Cost of Tenant Improvements. Feel free to contact us to discuss this with you further or for any other topics you are interested in.

Alex Zylberglait provides commercial real estate investment advisory as well as research, estate planning, asset allocation, valuation, financing, special assets services, transaction advisory and commercial property acquisition and disposition services.