The Pandemic’s Effect on the Construction Industry

Several elements drove the cost of construction and building materials much higher during the Covid-19 pandemic. With more people at home, do-it-yourself (DIY) and home-based projects increased, causing a shortage of wood and other construction supplies. When demand for numerous products and materials was increasing rapidly, these material shortages were coupled with a scarcity of skilled labor and supply chains for many items and commodities.

With this in mind, it’s no surprise that spending on construction rose by an estimated 5% to 8% in 2021. Many of the materials utilized in apartment construction, such as concrete, flat glass, and steel products, are vulnerable to volatile prices. Steel costs have increased by more than 123% in the last year. While this might lead to adjustments in material and type of apartment buildings built, the housing market is expected to remain robust in 2022 due on a continuing housing shortage. Apartment builders may be anxious to start new projects in order to keep up with demand. In light of this and the market volatility, developers could wish to secure supplies and prices for future buildings before they rise once more.

Checklist For Starting Your Tenant Build Out

Tenant Buildout Checklist

Since finding a commercial space that meets your needs exactly is almost impossible, tenant improvements are in order, before starting to use it. These improvements consist in various custom interior finishes that must be negotiated up front with the landlord and written in the lease agreement. They may include:

  • Installing new flooring (hardwood floor, laminate, carpet…)
  • Demolishing existing walls or constructing new ones
  • Re-painting the walls
  • Making modifications to the electrical, HVAC or plumbing systems
  • Other upgrades previously negotiated.

If you are in the position to start your tenant build out, make sure to communicate properly with the landlord and find out how much of the costs are they willing to cover. Also, it is good to know that some operations are not typically included in a tenant build out: office furniture, data cabling, phone cabling and other upgrades considered above standard.

You must also be aware that for starting your tenant build out, you need a lot of documents from property management, as well as from engineering: appropriate certificates, licenses, insurance, declarations, construction plans reviewed and approved, a proven Dallas general contractor and sub-contractors, permits, confirmations, other plans if necessary (such as fire safety plans), as well as a detailed schedule.

Updated 8/3/2021

Signs It Might Be Time For A Tenant Build Out

Time To ReThink Your Office Space

When someone wants to move their business into a new location, they typically rent the space and renovate it, to fit their business` needs. These improvements are known as “tenant build out”, or “leasehold improvements” and represent an important part of the leasing negotiation between the landlord and tenant.

A tenant build out consists in custom interior finishes that may include demolition of existing walls, construction of new walls, adding new flooring, blinds or paint, making modifications to  the electrical, plumbing or HVAC systems etc. The landlord covers only a certain amount of the costs, therefore it is important to understand, before signing the contract, how these improvements will affect your budget.

The right time for a tenant build out

It is very rare to find a commercial space that meets your business needs exactly; in most of the cases, interior build out is necessary, and the right time to do it is always at the beginning, right after you negotiate a favorable allowance and find a commercial general contractor Dallas specialist to help you maximize the potential of your space. The right time is also when you find financing sources for the build out project.

Updated 7/30/2021

How to Prepare for Your Commercial Remodel Project and Save Time in the Process

Plant Ahead For Remodel

Commercial remodeling isn’t easy, and if you don’t want to end up wasting a lot of time, you have to be prepared from the very start. Proper preparation will ensure that your employees don’t waste time or get stressed during this period, and that the work done to renovate your building will not interfere with your daily business-related work.

 

The main action required here is a thorough investigation into the work that will be required. Get a professional commercial general contractor Dallas offers to assess the situation and plan the entire renovation job beforehand. Moreover, it’s a good idea to discuss the timing of the project, so that bad weather is not likely to interfere with the work and extend the time frame.

 

If you really don’t want to waste any time, consider taking your entire business to another building or office area, which can act as a temporary headquarters until the work is completed. The entire move can be done in a single day, and you can have the data simply copied to another set of computer systems and devices in advance, so your employees don’t have to waste any time.

 

Preparing for a commercial remodel requires careful planning and good timing. If you can’t ensure that the work won’t interfere with your business, then it’s usually best to put it off until such time that you can minimize any damage and losses.

Updated 7/27/2021