A key component of any lease negotiation is the tenant improvement allowance provided by the landlord to build-out or retrofit an office space for the tenants specific use.

One of the first questions every tenant has when considering either new or refurbished office space revolves around how much will build-out or tenant improvements (T.I.) cost? The tenants cost exposure is a key factor in the decision making process and important component in determining your projected total occupancy cost.

Projecting build-out costs beyond general ranges is challenging without the benefit of the space planning process, and so many building type options and lease size parameters that affect this estimate. Our friends at Kirksey Architectureprovided this Tenant Improvement Cost Guideline.

All categories reference a 25,000-sf floor plate with 50% offices and 50% open plan. Construction cost only, does not include owner provided AV and IT equipment.This is a guideline only and actual costs will vary based on the condition of the original space, the amount of re-usable assets, the tenant size (say floor versus full floor) and other factors.

The most basic applicable space to type A building, but using all new components 18-cell parabolic lights, stndard 22 fineline ceiling, wood veneer building standard doors with mortised hardware, no glass at office fronts, minimal millwork and all plastic laminate, $25/yd broadlooom carpet, standard electrical and HVAC.

Upgraded with 24 recessed direct/indirect light fixtures, 22 fineline ceiling, wood veneer building standard doors with mortised hardware, full-height glass office fronts in aluminum framing system, more extensive plastic laminate millwork with solid surface countertops throughout, $35/yd carpet tiles, more extensive electrical service with 24/7 server room AC and two supplemental fan-coil units for conference room zones.

Upgraded with some drywall ceiling areas with indirect cove lighting, architectural woodwork doors and frames, glass office fronts in matching wood framing; 30% of wall areas as premium grade architectural woodwork, 40% with acoustical fabric wall covering, 30% as painted drywall; extensive wood veneer millwork with granite countertops, $45/yd broadloom carpet, more extensive lighting and custom fixtures for artwork and accent areas.

Get my posts via e-mail: here

More here:
cost to build-out an office space - THE TENANT ADVISOR

$20.00 - $35.00 /sf/year1,500 - 20,000 SF

Highlights: - New Build-to-Suit construction in the smokin' hot Lincoln Park Clybourn Corridor. Phenomenal location adjacent to new $9 million Crme de la Crme daycare, caddy corner to the new Mariano' s Fresh Market, directly across the street from Webster Place (Theater, LA Fitness, Barnes & Noble). Three blocks to the Lincoln Park Costco. - Ground level spaces from 2,000 20,000sf, 2nd floor spaces from 2,000 10,000 sf. Approved for retail, office, and restaurant uses. 61 parking spaces with ample supplemental off-street parking (garage across the street). - Within a half-mile: average annual household income of $125,000; additional existing retailers include Trader Joe' s, Treasure Island, Kohls' s, Best Buy, Mariano' s Fresh Market (under construction), Whole Foods, Sephora, Ulta, Crate & Barrel, Binny' s, Pottery Barn, Petco, West Elm, Bed Bath & Beyond, Starbuck' s, Bath & Body Works, Express, Victoria' s Secret, and the Apple Store. - Site has all utilities, landscaping, and lighting in place. Frontage of 250 feet on Webster, 240 feet along the Chicago River. Class C real estate tax designation, which limits assessment increases.

See the original post:
Chicago , IL Retail Space - Cityfeet

A major jump in sales of retail space valued between $50 million and $100 million underpins a successful year for the sector, according to a Savills Australia report.

The agency sold $5.3 billion worth of retail properties in the year to the end of June, with those in the $50 million-$100 million category totalling about $1.5 billion more than twice as much as the 10-year average.

Along with Savills tally of almost $6 billion in the previous year, this years sales consolidate the national markets position towards pre-GFC levels.

The retail sector always faces cyclical and structural issues. Some cyclical issues arestarting to move in its favour, the Insight Australian Retail Market report says.

In the year to the end of June, institutions were the most active, snapping up 59% of retail holdings on Savills books.

Institutions were the most active, snapping up 59%of retail holdings on Savills books.

Read more: Who owns Australias shopping centres?

Institutional investors have re-entered the market with freestanding assets and shopping centres high on their list, the report says.

Furthermore, local conditions have caught the attention of international investors, as good quality; tightly-held assets have been available.

But the report saysreturns from the retail sector are likely to be constrained for the foreseeable future.

More:
Who is buying Australia's retail space?

Modular construction is often preferred by the retail and hospitality industries due to its speed and efficiency, which results in earlier occupancy and a faster return on investment. Modular retail buildings can be permanent or temporary and can be designed and constructed to have the same look and finish as other traditionally constructed facilities.

From modular restaurants to golf pro-shops, M SPACE has the experience and capabilities to quickly and effectively expedite projects. Our team works closely with every customer to design a floor plan that meets their individual needs, clearly explaining the array of options that can include green construction features such as energy efficient HVAC units, additional insulation and recycled materials. These items all help to achieve maximum energy efficiency within our prefabricated commercial buildings, helping to reduce the impact on the environment and minimize operational costs.

Here are some examples of the most popular modular commercial buildings in the retail and hospitality industries:

Whether youre planning, budgeting or in need of immediate modular commercial building, M SPACE is available to assist you with all of your modular retail building and construction needs. We offer a variety of options from sales to modular leasing to modular financing so call us any time at 877.677.2231 to discuss your project.

View post:
Modular Retail Buildings | Prefab Commercial Buildings

RMSe brings retail spaces to life. For 21 years RMSe has led the charge to renew and refresh the retail industry through iconoclastic construction, cutting-edge installations, and state-of-the-art project management. Our success is directly related to a strong attention to detail and the consistent success of our retail clients. We are an integrated team of construction, design, and engineering professionals that create innovative retail experiences for the world's most successful brands. Retail is our passion and excellence is our objective. RMSe is a one stop shop for retailers looking to manage every aspect of their construction process.

Our project managers are some of the best in the business. Each RMSe client is partnered with a dedicated team of project managers to facilitate their work from beginning to end. We keep tabs on every aspect of your work including the price. RMSe's team provides detailed reports and cost analyses during every phase of every project so that there are never any surprises. Are you ready to breathe new life into your business? We are.

Read more here:
Retail Construction Services | Commercial Remodeling ...

Since 1998, Axxys Construction Group is the leader in the Retail and Commercial construction industry across Canada. From Victoria Island to St-John Newfoundland, Axxys has provided its clients with exceptional services to meet their specific needs and requirements.

Axxys experience ranges from new construction and interior remodel of retail flagship stores, power centers, big box and mall interior fit-out.

Retailers are drawn to our services because of our reliability and consistency. We have built solid relationships with our subcontractors and suppliers, which has enabled us to offer our clients competitive prices on the required schedules. With no less than 10 million square feet built on time and within budget, we take pride in our ability to deliver quality workmanship and customer satisfaction.

Our services include construction management, fast-track building, design-build, and general contracting. We have also adopted the lean construction methodology, a production system where we maximize value and minimize waste. We are thrilled to have completed one of the first LEAN construction projects in Canada, renovating an 18,000sqf high profile retail space in 15 days.

The Retail Construction Industry demands the highest standards in terms of fit and finish. That is why we always take the time to thoroughly understand the specific needs of our clients. We know the importance of understanding the different points of views of varying businesses and we make it a point to treat each project we conduct with the same weight of importance. We do work with our clients in order to carry out the project in the most efficient and timely manner possible.

Precision, accuracy, competitive pricing and financial strength are what make Axxys a leader in retail construction. We provide trustworthy work force as well as the most qualified project mangers and site supervisors in the industry. We always strive to make and maintain long-term relationships with our clients and as a result, we possess a long list of retailers and companies whose business we truly value and intend on keeping.

More:
Retail Construction | Axxys Construction

Our purpose is to make a difference in people's lives by creating unforgettable customer experiences and great projects. Show Customer List Filter All Markets Automotive Plant Construction Commercial Facility Construction Distribution Center Construction European Plant Construction Food and Beverage Plant Construction Hospitality Facility Construction Institutional Facility Construction Japanese Plant Construction Korean Plant Construction LEED Construction Manufacturing Plant Construction Mission Critical Facility Construction Retail Facility Construction All Square Footage 0-50,000 1,000,000+ 100,001-300,000 300,001-500,000 50,001-100,000 500,001-700,000 700,001-1,000,000 All Locations Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District Of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Recently Visited All Building Features ASRS Brownfield Brownfield Cold Storage Concrete Slab Floors Concrete Tilt-Up Wall Panels Conventional Steel Cranes Custom steel circular staircase Engineered Metal Panel Building Greenfield Low-Rise Steel Building Masonry Mid-Rise Steel Building Poured in Place Concrete (Hotel) Pre-engineered Tilt-up Type V (Wood Frame)

Show All

Contact Us

No projects meet the selected criteria. Try more inclusive filter settings.

TheWest Region and Ohio Valleyoffices have been meeting the renovation, design-build and construction management needs of the retail industry for decades, with over 39 million s.f. of retail space renovated or constructed across the country. With this level of experience, Grays deep understanding of this industry has consistently positioned us among the top U.S. contractors in retail facility construction. In 2014, our West Region office was ranked 2nd among top contractors in retail tenant improvements by the Orange County Business Journal. Also, in 2014, Gray and Timberwolff Construction, Inc., joined forces to meet even more retail needs in the Western United States.

Learn more about how Gray can meet your design-build or construction management needs:

Contact Us

See the rest here:
Retail Store Construction Services - Gray Construction

From Steelconstruction.info

Retail buildings are of five basic types; down-town shopping centres, single storey supermarkets, warehouse-type distribution centres , mixed use retail and commercial/residential buildings in which the retail units generally occupy the ground floor and superstores. The retail sector is very competitive and therefore the attributes of steel construction to deliver flexible, lightweight solutions fast and cost effectively makes steel the material of choice for the sector.

Customer experience is paramount in retail buildings. Using steel construction, retail floor plans are maximised giving retailers the maximum scope to configure store layouts to maximise sales to their targeted customers.

Many retailers, particularly supermarkets, are owner occupiers and therefore, unlike some other commercial sectors, they have a greater interest in whole life cost and added value through sustainable design. Consequently, the retail sector is leading in the procurement of sustainable, low carbon buildings.

Large retailers also procure large distribution centres and many supermarket chains are diversifying and consequently procuring mixed-use buildings that for planning reasons often include a number of upper floors of residential use.

Main articles: Cost of structural steelwork, Single storey industrial buildings, Cost planning through design stages, Cost comparison study

The principal building design issues that affect the chosen solution in the retail sector include:

The different building types of the retail sector may be defined as:

The scale and form of retail buildings differs considerably, as do the constraints on their construction. The drivers in these five building sectors are described below. In all cases, early return on the investment is crucial to the success of the project, but this over-riding commercial requirement is also dependent in many ways on the environment that is created, and hence by the shopping experience. This means that architectural input is important despite the functional use of the space that is required.

A good example of the architectural use of steel construction was in the recently competed Victoria centre in Belfast which involved creating covered pedestrian streets and a cupola viewing gallery using a tubular steel space frame spanning between multi-storey steel framed retail buildings. The covered street-scape and viewing platform is shown.

More here:
Retail buildings - Steelconstruction.info

Wolf Commercial Real Estate is a premier Philadelphia commercial real estate broker that clients rely on for retail space in Philadelphia. We represent buyers, sellers, owners and tenants for all their Philly retail space needs.

We are experts in the Philadelphia retail space market, with a team of seasoned and knowledgeable real estate advisors ready to help you achieve your real estate goals. At Wolf Commercial Real Estate, we go well beyond simply handling property transactions. As an unparalleled Philadelphia commercial real estate broker, we are a strategic partner whose number-one priority is our clients long-term growth and success in the Philadelphia retail space market.

Retail businesses looking to buy or lease retail space in Philly can be assured that the professionals at our Philadelphia commercial real estate brokerage firm have the expertise to help you find the Philly retail space that best suits your needs. At Wolf Commercial Real Estate, we make certain that the sale or lease terms for your new Philadelphia retail space work to advance your commercial real estate goals. Were the Philadelphia commercial real estate broker that is with you from the beginning of the transaction to the end, making the transition to your new retail space in Philly smooth and seamless.

Retail property owners looking to sell or lease retail space in Philadelphia will appreciate the defined marketing strategy that the team at our Philadelphia commercial real estate brokerage firm creates and customizes for each property and sub-market. This process works to effectively and efficiently match buyers and tenants with retail space in Philly.

Retail space in Philadelphia is aggressively priced, and market trends show that the retail business in the region is poised for a massive rebound. For more information, please contact the team at Wolf Commercial Real Estate, a leading Philadelphia commercial real estate brokerage firm.

Tags: Philadelphia commercial real estate, Philadelphia commercial real estate broker, Philadelphia commercial real estate brokerage firm, Philadelphia retail space, Philly retail space, retail space in Philadelphia, retails space in Philly, Wolf Commercial Real Estate

Retailers, including those in the Philly retail space market, are struggling to develop a strategy for future sales growth that balances online expansion and opening new stores, according to new retail analysis.

BDO USAs ninth annual analysis of risk factors noted by the 100 largest U.S. retailers in their most recent annual reports found that retailers were highly concerned about the best way to fund their growth, even as the retail industry enjoyed solid year-over-year industry performance, positive sales projections, strong consumer confidence and other positive economic indicators.

BDO said the number of U.S. companies that cited U.S. growth and expansion as an area of risk reached 92 percent this year, up from 56 percent in 2013. Retailers in the U.S. and Philadelphia retail space marketplace are vigorously seeking new ways to increase sales and reinforce store brands, while also recognizing the need for an omnichannel marketing approach to satisfy consumers increasing demand for online shopping options.

BDO said retailers moved away from primarily investing in new bricks and mortar stores in 2008. As online buying by consumers ramped up, retailers return on the investment in new stores diminished and capital investments were redirected to online sales, supply chain networks and systems implementations. But with spending in those areas less proven, retailers noted a increased risks with the new investment strategies.

Read more here:
Philly Retail Space

Eagle Sales of the Black Hills

Project Description: Eagle Sales of the Black Hills, a major beverage distributor, has relocated its headquarters to accommodate the growth the company has seen over the last decade. The new facility includes plush office space, tap room with outdoor balcony, temperature controlled warehouse, and a separate colder-storage space. The building was a Design Build project and is constructed of concrete tilt-up panels with rigid insulation sandwiched in the middle. This insulation and thermal mass of the concrete will provide superior energy efficiency for the entire facility. The massive concrete-panels are a daunting 25' tall, and were delicately lifted into place by a talented Rapid City construction team, and a large crane. The new location gives Eagle Sales excellent access to I-90 and Hwy 79/Heartland Express.

Architect: Upper Deck Architects Project Manager: Danny Wegner Assistant Project Manager: Bobbie Christenson Superintendent: Mike Walker

Project Description: After successfully building the new Sam's Club, Scull Construction was contracted by the developer to construct a strip mall and manage the site construction for a new Super WalMart. The project included a 40,000 square foot retail building, 3,200 lf of concrete curb and gutter, concrete reinforced access points, and asphalt parking.

Architect: WalMart In-house Project Manager: John Neisner Superintendent: Jake Pehringer

Project Description: This proactive retail client looked to Scull Construction Service to build this warehouse and retail facility in a cost effective and timely manner. Under the guidance of a highly skilled construction leadership and detailed planning, the store opened for business a mere seven months from the beginning of construction.

Architect: Sam's Club Project Manager: John Neisner Assistant Project Manager: Bobbie Christenson Superintendent: Cindee Vito and Scott Smith

Project Description: Midland Atlantic Development has added more retail business space to its successful Rushmore Crossing Shopping Center in Rapid City, SD. Some of the newest additions in the commercial development include Sam's Club, Bed Bath Beyond, Verizon Wireless, Game Stop, Qdoba, and Paninis. The shopping center has continually added space through new construction projects since its opening in the winter of 2009. J Scull Construction has played a key role in getting the projects constructed because of their depth of experience in retail construction. That experience translates into price-effective buildings that are completed to owner specifications in a very timely manner.

Architect: Various Project Manager: Jeff Clark Assistant Project Manager: Bobbie Christenson Superintendent: Cindee Vito

Project Description: The owners of Tractor Supply teamed with Scull Construction Service to build this retail facility with outdoor storage. The experience of the team in developing and building in this growing area of town lent itself well to complete a successful project.

Continue reading here:
Service / Retail Projects - Scull Construction Service