Added features to consider prior to commercial tenant construction
By Scott Hamele, DBIA President and founder of Construction DesignWorks, LLC and Nationwide Commercial Inspections, LLC
I have attempted over the years to better define a vague term in commercial real estate - white box construction. This term is widely used to outline what the landlord's deliverables will be to the tenant prior to the commercial tenant construction. I previously authored an article that sets forth a clear definition and scope of work that includes everything from the minimum sizing requirements of the HVAC system to the existence of ADA restrooms.
Lease rates and terms are based on a cloudy understanding of the landlord's deliverables and thus these rates and terms are typically based on inaccurate information. By following the scope of work detailed in my prior article, all parties will fully understand exactly what the landlord is to deliver to the tenant, and the lease terms will be based on hard facts and precise numbers. The owner should consider a few options to produce a more inviting and attractive space to potential tenants prior to commercial tenant construction.
Additional options in white box construction to attract tenants
Considering any one of these additional features to a white box construction (http://constructiondesignworks.net/
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