CRE Mistake Series: Mistake Building out furniture

CRE Mistake Series: Mistake Building out furniture


CRE Mistakes Series: Built In Furntiure

Sometimes tenants ask the landlord to build in the furniture. I was working with a client who wanted a built-in reception desk, walls and then desks behind the walls. I suspect he thought this was going to be free as it was part of the build out. The client was miffed when the landlord wanted to charge more for the rent.

Landlords will build out the space. Generally, they have a specific number they are willing to invest in improvements and anything beyond that is on the tenant’s dime.

 

 

 


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About the Author

Lynn Drake’s status is well known in the industry: She’s the commercial realtor focused on maintaining “true north” for her corporate clients. It’s a reputation built on 35 years of commercial real estate experience. Lynn became a commercial realtor in 2001 after 15 years in corporate real estate. Thus far in her career, Lynn has successfully completed over 1,500 real estate transactions ranging from small business tenant leases to the sale and purchase of industrial complexes.