Drawing on our team’s experience, here are some of the least obvious but most prevalent examples of hidden costs of commercial property acquisition.
The conventional assumption is that it’s too premature to invite a DBGC (design build general contractor) to collaborate on the front end of commercial property evaluation, but nothing could be further from the truth.
When your plans are not clearly communicating field conditions and your construction needs, additional work that’s unnecessary can still be required through permitting.
If you don’t have to build a kitchen from scratch, a budget of $200k can go a long way to cover upgrades to the dining area, equipment purchases, and Building Department and Health Department fees.
Right now, Millennials are already the largest segment in the workplace. In the next two years, we will see 50% of the U.S. workforce made up of Millennials, and it will be 75% by 2030, according to the U.S. Bureau of Labor Statistics (source). With millennials well established in today’s workforce, it makes sense that…
Humans need natural light, and we need it every day. It’s one of the only ways we get our Vitamin D, and it promotes the production of serotonin and endorphins (feel-good hormones).
The inspiration behind Title 24 is for good, but the stringent requirements are costing owners on average $3-6 more per sqft upfront.
How do we combat negative environmental impact when we all have things to do? If you’ve got a construction or tenant improvement project to do and you’re thinking about paper straws, read on about building out your space with less negative environmental impact (and without blowing the budget).
You’ve qualified (congrats!) and signed onto a franchise, and have identified your new space, so now what?
Maybe you’ve heard about the latest changes in the requirement for accessible restroom signage – that geometric shape on the door should be blank. No man, no woman, no other! Where it gets confusing: there is no requirement for providing gender pictograms or the international symbol of accessibility on the geometric symbols of the door…