If you own a commercial building, you may have to offer a commercial tenant improvement package to entice a long term tenant to move into your building. With this kind of package, you hire a commercial tenant improvement contractor to renovate the space to fit your tenants needs. As you look to hire a commercial tenant improvement contractor to renovate the space, you may pay attention to their estimate and whether they are licensed and insured. Here are a few other tips that will help you select the contractor that is ideal for your space.
Pay Close Attention to Their Experience With Commercial Improvements
As you look to select a commercial tenant improvement contractor, pay close attention to the contractor's experience with commercial experience, especially with the type of business that will be utilizing the building. For example, if your commercial space is being transformed into a nail salon or a daycare, look for a contractor with experience completing these transformations in the past. This helps to ensure that they not only have the experience transforming commercial spaces, but transforming them into usable space for similar clientele in the past.
Opt for a Contractor That Offers Creative Solutions and Options
Another tip that can help you select the best commercial tenant improvement contractor for your space is to look for a contractor that offers creative solutions and options. Once your tenant is done with the space, you may have to remove permanent fixtures that are useful to a particular type of business. However, some contractor are able to offer creative solutions that allow spaces to be used in a variety of ways, helping you to transform a space between tenants without having to completely renovate the space.
Consider the Quality of What You Are Getting
The final tip to help you select a commercial tenant improvement contractor is to consider the quality of what you are getting. If a tenant is signing a long term lease, such as ten years, you may want to ensure the building materials are higher quality and will last, compared with a tenant who may only be signing a two year lease. Consider the quality of the materials that the contractor uses and those materials expected lifespan in contrast to the duration of your tenant's lease.
Selecting the right commercial tenant improvement contractor can have a huge effect on the overall look, feel and price for the renovated space. Taking the time to find a contractor that best meets your needs will help to increase the odds of both you and your tenant being satisfied with the work and the work lasting for the duration of the tenancy.