Preparing for Tenant Improvements. If your company owns commercial space, it’s important that you remain on top of renovations. In a quickly growing commercial real estate market like the one we have here in St. Louis, if a tenant is unsatisfied with their commercial space, they will leave and search for a better, more modern space. Leasehold improvements are some of the most important things that you can do as a commercial property owner, and working with a construction company that specializes in tenant improvements is an excellent way of keeping your tenants satisfied.
G. S. & S. Construction is a contracting company that specializes in the design, build, and improvement of commercial buildings and industrial facilities. Here are some things to consider if you’re thinking about commercial tenant improvements for your space.
Advance Planning
A tenant improvement project isn’t something that should be started without some advance planning. First, think about the budget for your project and weigh the risk/return. What kind of improvements are looking to do to the commercial space? Also, be open with the current tenants and ask what kind of things they want in their building.
When doing your planning, think of the timeline that you want for your project. This is important to know because when you’re hiring your contractors, they’ll likely want to know how long the project is going to take. In an ideal world, a company will have at least six months to get the leasehold improvement project completed.
Know How to Utilize Space
One of the keys for a successful tenant improvement project is flexibility and the ability to work with the space that you have. Not all spaces are going to have ideal conditions, so it’s important to emphasize the positive aspects. For instance, if the space has large windows and gets a lot of natural light, don’t hide it.
Think of creative ways to showcase the unique features of the commercial space. For example, take advantage of attractive features like exposed brick, ceiling beams, and woodwork. When you meet with the current tenants, have a couple of different design options available so that they have a few blueprints from which to choose.
Emphasize Function Over Form
While attractive design is certainly important, you should remember that the end goal is to create a space that meets the needs of the company’s clients, patients, or customers. Remember to make the space ADA compliant; it’s the law that commercial spaces are accessible are compliant with the Americans with Disabilities Act.
Also, consider HVAC. Will the space be expensive to adequately heat and cool? Even worse, will it suffer from poor heating and cooling? Finally, think about safety considerations like fire alarms and sprinkler systems. The space needs to be up to code in these regards.
Hire a Trusted Construction Firm
Finally, with all the tenant improvement contractors around St. Louis, it’s important that you find one that can be trusted. G. S. & S. Construction is a fourth generation general contracting company that serves the entire Metro St. Louis area. Among our many different hats that we wear is commercial tenant contractor, and we take pride in helping businesses remodel their commercial spaces.
Contact us today at (314) 298-8100 for more information.
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