When renting commercial space, it’s important to know not every location will be renovated and ready to go. Some spaces will require commercial buildouts to accommodate a particular business. This video talks about what a commercial build out is, and who is responsible for paying for the renovations. Built out office space is usually needed for second-generation commercial spaces to personalize the space and make it usable. When this occurs, the new tenant will usually be responsible for the costs of renovations unless the landlord offers to cover costs in the lease, or the tenant and landlord agree to share costs.
With this in mind, it’s important to consider exactly what is needed when touring office space. Other considerations in a built out office space include the quality of construction and what contractor will be hired. It’s important to remember built out office space renovations can be as subtle or elaborate as a tenant wants. The most important thing to remember about commercial build outs is everything is negotiable.