Tenant Build Outs
Set Your Tenants Up For Success
A tenant build-out is a process of customizing a commercial space to meet the specific needs and requirements of a tenant. This could include things like installing new lighting, partitions, electrical and plumbing systems, flooring, and other fixtures. The process typically involves working with a landlord or property owner to design and execute the necessary changes.
Tenant build-outs can be necessary for a variety of reasons. For example, a tenant may need to customize the space to meet their unique business needs or to accommodate a specific type of equipment. In other cases, the tenant may be looking to create a specific aesthetic or atmosphere in the space.
The process of tenant build-outs typically involves several steps, including initial planning and design, obtaining necessary permits and approvals, construction and installation, and final inspections and approvals. It can be a complex and time-consuming process, but it is often necessary for tenants to create the space they need to be successful in their business.
Overall, tenant build-outs are an important part of the commercial real estate market and can play a key role in the success of businesses operating in those spaces.
Before & After
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My wife and I can’t say enough good things about them. From planning to completion, the communication was terrific. CJM listened to our ideas and thoughts. They made recommendations because they saw things we didn’t see. CJM was wonderful to work with. From keeping us informed about what was going to happen next, and helping with ideas for flooring, lighting, and design.
Average Rental per Sq. Ft.
The national average as of March 2023 for a commercial rental space comes in at $32.28 per square foot per year. That would mean on average, a 1,000 sq. ft. office space would run about $2,690 per month, or about $32,280 annually. Granted, the price depends greatly on the local market.
I just finished up a major home renovation with CJM Builders and I am absolutely thrilled with the results! From the beginning, Chuck had some great ideas on how we could create an open concept in our split level home. CJM worked with us until we were satisfied with a design. From there we got top quality work with every aspect of our project. John’s carpentry was simply perfection with an incredible attention to detail. Nelson’s painting was flawless. CJM was a very communicative and knowledgeable project manager and design consultant.
CJM remodeled our kitchen and we were beyond satisfied with the finished product. From the initial consultation to the final day of work, everything was done to and beyond our initial expectations. Chuck and CJM was able to come up with a plan that added usable space within the existing footprint, something that other contractors we spoke with never envisioned. They were responsive and helpful throughout the process, constantly making us aware of who and what was coming next. John, who was on site every day, was tremendous. He was both attentive and easy to work with, and the finished product speaks to his skill. We will certainly use CJM for any projects going forward.
How Do I Build Out A Space For Lease?
Tenant build outs are the improvements that a tenant makes to a commercial space to make it usable for their business. This can include anything from adding walls and doors to installing new flooring and lighting. The cost of a tenant build out is typically negotiated between the landlord and tenant and is part of the overall lease agreement.
There are a few things to keep in mind when planning a tenant build out:
- The type of business you are opening will determine the type of build out you need. For example, if you are opening a restaurant, you will need to install a kitchen and restrooms.
- The size of the space you are leasing will determine the amount of work you need to do. A larger space will require a larger build out.
- The budget you have will also determine the scope of your build out. If you have a limited budget, CJM can help you choose the most important improvements to make.
Once you have decided what you need to do, you can start planning your build out. This will involve working with a contractor to get estimates and making sure that all the necessary permits are obtained.
The build out process can take several weeks or even months, depending on the size and complexity of the project. Once the build out is complete, you will be able to move into your new space and start your business.
Here are some of the benefits of tenant build outs:
- They can help you create a space that is specifically tailored to your business.
- They can help you save money on rent by making the space more efficient.
- They can help you attract new customers by making your space more attractive.
- They can help you increase your productivity by making your space more functional.
Overall, tenant build outs can be a great way to improve your commercial space and make it more functional for your business. Give us a call today at 978-649-7300 and see how CJM can make the difference for your tenant build outs.