Yearly Archives: 2021

Industrial vs. Commercial Construction: 10 Key Differences

Are you planning a new construction project and wondering whether industrial or commercial construction is the better choice? While these two terms are often used interchangeably, there are actually significant differences between them. Industrial construction typically involves building structures for manufacturing, processing, and storage, while commercial construction involves building structures for businesses, retail spaces, and other non-residential uses. To learn more about these differences and make an informed decision about your next project, read on for expert insights

Commercial Construction Estimate: Scope, Methods & Review

An owner-focused guide to commercial construction estimates, including scope, methods, assumptions, exclusions, allowances, risk and bid review.

Types of Commercial Construction Projects: Owner’s Guide

Commercial construction is a broad field that encompasses a wide range of building projects. Whether you’re constructing a new office building, renovating a retail store, or building a hospital from the ground up, there are many different factors to consider. Each type of commercial construction project has its own unique set of challenges and requirements, and it’s important to understand these in order to ensure a successful build. In this article, we’ll take a closer look at some of the most common types of commercial construction projects and explore the key considerations for each one.

Tenant Improvement Allowance: Construction Planning and Documentation Guide

When leasing a new commercial space, whether office, warehouse, or retail outlet, modifications called Tenant Improvements (TIs) are often needed to suit your business needs. An example of a tenant improvement can range from simple renovations like installing new flooring, or painting, to major changes like upgrading HVAC systems or additional sections in a leased commercial space. The expenses incurred to make the newly leased building fit for running your business are covered under the Tenant Improvement Allowances (TIAs), forming part of the rental lease agreement with your landlord. In this article, we will explain to you the nature, extent, and coverage of the Tenant improvement allowance. You will get in-depth answers to the frequently asked questions about TIAs in the commercial real estate industry.