CRE Mistakes: Building Standards

CRE Mistakes: Building Standards

“Building Standards” refer to the finishes a landlord uses in the building. For example, the entry doors can be wood, 8’ or 10’ tall, glass, or wood with a side window of glass. When you walk through the building look up to the ceiling tiles and down at the type of flooring. Look at the doors.

Most buildings have a building standard. Don’t go into an older office building and expect its finishes to be the same as the brand new 30-story building down the street. Be cognizant that the additional rent gets you a better finish. If you like nice finishes, perhaps you shouldn’t be looking at the cheapest space in town.




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.