Talk to Us About Your Tenant Improvement Project
Tenant Improvement Services in Lafayette, LA
As a commercial property owner, it is crucial to be fully informed when it comes to tenant improvement, which is defined as, “the customized alterations a building owner makes to rental space as part of a lease agreement, in order to configure the space for the needs of that particular tenant. These include changes to walls, floors, ceilings, and lighting, among others” according to the Certified Commercial Investing Institute. Essentially, tenant improvement is the obligation of the landlord to modify a space based on the tenant’s needs. These design and/or structural changes can be made to new spaces or to those already in existence. BECC Enterprises is committed to maintaining excellent standards when delivering your Tenant Improvement needs, whether that entails customizing new or existing spaces to fit the customer’s requirements. Your Project Manager, a single point-of-contact, will oversee all negotiations to ensure a seamless process.
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- New Spaces—Tenant Improvement in new spaces can allow for more flexibility as certain requirements can be incorporated into the initial design process. Costs of tenant improvement in new spaces can be negotiated as part of the pre-construction budget.
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- Existing Spaces—BECC Enterprises will also coordinate negotiations for existing commercial property, which is done during the leasing negotiation. Tenant Improvement projects, both on new and existing spaces, will be monitored regularly to ensure all milestones are being met, in addition to the high quality of expectations that we strive to meet consistently.
Considering Costs
The potential cost of tenant improvement can vary greatly depending on whether or not the modifications/requests are to be done to rentable vs. usable space. Rentable space refers to common areas within the building. Usable space refers to the total square footage of the property. BECC Enterprises’ experts will analyze all of the details for you to ensure every option is clearly understood in order to make the most financially-sound decisions.
Turn-Key Buildout
The concept of “turn-key” property can be very desirable to a prospective tenant due to the convenience. As the landlord, you’ll lay out all of the improvements that will be included in the lease explicitly, and you will pay for all costs. You will also handle all of the details, including permitting, construction, etc. When you enlist the experienced services of BECC Enterprises, we handle all aspects of the process for you, eliminating stress and delivering a smooth transaction.
Scope of Work
Another benefit of procuring BECC Enterprises to delve into your Tenant Improvement project is that we will examine the entire scope of work, aligning the requirements to the lease provisions. Your BECC Enterprises Project Manager will keep the timeline on track as well, in order to adhere to the Substantial Completion date, which is outlined in the lease. The Substantial Completion date, which states the date that modifications need to be finished, should also coincide with the start of rental payments from the tenant.
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