FOUR KEYS REAL ESTATE BROKERS NEED TO KNOW
ABOUT TENANT IMPROVEMENT CONSTRUCTION

In order for commercial brokers to match their clients with a space, they must unite their clients' requirements and the amenities of that space. Often, candidate spaces can be reconfigured or remodeled to bring potential deals to life.

Can a specific space meet the needs of your client?
The space's current configuration need not be an obstacle in making your deal happen. The very first thing you should do is determine how the space must be modified to meet your client's requirements. If you don't have a space plan for your client, DP Incorporated can help you with this important task.

Will the necessary improvements still fit your client's budget?
When negotiating with a landlord or tenant, you need to know approximately what the improvements will cost in order to make your deal come together so that everyone wins. Keeping your vision and needs in mind, we can help you make critical early decisions that will determine the cost of your project.

When preparing a budget, you should keep the following issues in mind as they may or may not greatly impact the real cost of the build-out:

- Electrical service to the space vs. your clients' electrical requirements.
- Existing HVAC system vs. your clients' requirements.
- Location and availability of utilities.
- Condition of existing restrooms vs. current codes.
- Fire sprinkler requirements.

What affect do the local building codes have on your client's potential project?
When you find the right space, you need to know how the local building codes will impact your clients' ability to make all the necessary improvements. We can walk you and your client through the process of evaluating the current space vs. the new configuration and how complying with local codes will impact the design and budget. Here are some of the most common code issues to keep in mind:

- Does the space have adequate access to restrooms?
- Are the restrooms ADA compliant?
- How are the space's current exits impacted by the proposed improvements?
- Do any of the changes impact neighboring tenants?
- Do the proposed improvements impact the space's fire safety / sprinkler system?
- How will the building's parking be impacted by your client's project?

What affect does change-of-use have on your client?
When you find the right space, it's current condition may not match your client's business. You might find the right amount of space in the right location for your orthodontist client, but the space is currently a retail store. To build out the orthodontist clinic, you will have to apply for a change-of-use permit. DP Incorporated can walk you through the process and develop budgets for the elements your building department will require so you and your client can be prepared to make a wise business decision.

Call on us to look at a space and provide budget pricing for the new requisite configuration. Use this information to further your negotiations.

Construction Budgets

Code Compliance Consultation

Code Compliance Budgeting

Whether your client is large or small, DP Incorporated will help you look good and get the deal done.

Contact us today to schedule your complimentary consultation.