The overall deal will mimic the lob-sided focus of its constituents, but you and your team can reach a common ground and prevent bad decisions if you start the negotiation process with full awareness in key areas.
How long does it take to open a commercial space, 6 months or 2 years? It may come as a surprise to you that it might easily take 2 years from start to finish without prior knowledge of, and planning for, delays!
The common perception among buyers embarking on a construction project is: “Why does it cost so much more than I expected?” If you’ve asked yourself this, whether or not you were star-gazing at the time, you’re not alone in the universe.
The architects, engineers, interior designers and draftsmen on your pre-construction team are the visionaries that should be introduced to the design of your space with as many building elements known as possible.
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.