Key Components of Tenant Improvement Construction
When a business occupies a leased commercial space, the existing property may not meet all the needs of the company. Tenant improvement construction allows for a rented commercial space to be altered in ways that are beneficial to the tenant – and in many cases to the property owner as well.
Tenant improvement construction in the Twin Cities metro consists of three key components: infrastructure upgrades, design and layout alterations, and aesthetic improvements. Continue reading to learn more about what these key components are and how they may be advantageous for both landlords and tenants.
Key Component #1: Infrastructure Upgrades
Oftentimes, tenants renting a commercial space discover that the existing infrastructure doesn’t quite satisfy their needs. Systems such as electrical, plumbing, HVAC, and communications may be outdated or simply insufficient for the demands of a particular business. Because of this, tenant improvement construction in the Twin Cities often focuses on upgrading existing infrastructure.
Examples of infrastructure upgrades include:
- Installation of new electrical outlets, panels or power supplies to accommodate specialized equipment.
- Installing new restrooms, including additional water lines and sinks, to allow usage by larger numbers of staff or clients.
- Upgrading the existing heating, ventilation, and air conditioning systems for improved energy efficiency.
- Adding new server rooms and structured cabling for better data storage and enhanced communications.
Key Component #2: Design & Layout Alterations
Tenant improvement construction in the Twin Cities metro often occurs because the new tenants feel that the pre-existing layout and design of a commercial space don’t fit the unique needs of their business. Alterations made to layout and design focus on transforming the space so that it is ideal for tenants’ day-to-day usage. These alterations may specifically focus on making sure the leased property is accessible and in compliance with various regulations.
Design and layout alterations may include:
- Adding new partition walls to the interior space to create offices, examination rooms, conference rooms or other closed-off spaces.
- Installing additional windows to allow more natural lighting within a workspace.
- Modifying doorways, hallways, and restrooms to ensure the property is in compliance with ADA standards.
Key Component #3: Aesthetic Improvements
Most businesses have a unique brand identity, and it’s unlikely a leased space is going to fully fit that identity. That’s why many tenants request tenant improvement construction with the main goal of making aesthetic improvements to a rented space. These cosmetic changes help to better show off a company’s brand, as well as making a space more inviting to both employees and clients.
Examples of aesthetic tenant improvement construction in the Twin Cities include:
- Replacing the flooring or installing carpets over the floors.
- Installing branded graphics and decor on the building’s facade or the interior walls.
- Adding new desks and cabinets to the leased commercial space.
- Installing improved lighting fixtures throughout the interior of the building.
How Tenant Improvement Construction Benefits Tenants
Tenant improvement construction can make tenants feel much more at home in the property they are leasing. Infrastructure upgrades can improve the daily working experience of staff as well as making positive impressions on clients. Design and layout alterations help to make the rented space more functional for tenants. Aesthetic improvements develop a more welcoming space to visit and allow tenants to convey their brand identity to clients.
Together, the key components of tenant improvement construction transform a rented space so that it is a perfect fit for the occupying tenants and feels like their very own. Because of this, tenant improvement construction in the Twin Cities continues to be a popular choice for business owners who are renting a commercial space.
How Landlords Benefit from Tenant Improvement Construction
A commercial space which has already been modified through tenant improvement construction, and can continue to be modified as needed, is more appealing to renters than a space that cannot be altered. Because this is such a huge draw for renters, landlords that provide a tenant improvement allowance will find their Twin Cities rental properties easy to market.
Improvements to infrastructure and design made during tenant improvement construction can also increase the value of the property in the long term. For example, if an improved HVAC system is installed as part of tenant improvement construction, this can be a key selling point to future renters.
The Twin Cities’ Most Reliable Tenant Improvement Construction Company
At Heritage Construction, we specialize in performing high-quality tenant improvement construction services. Contact us today if you’d like us to get started on a tenant improvement construction project in the Twin Cities metro area!