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 TI Permit Process: Avoiding Scope Creep
When your plans are not clearly communicating field conditions and your construction needs, additional work that’s unnecessary can still be required through permitting.
Open Your Restaurant Under $200K
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.
How to Title 24
The inspiration behind Title 24 is for good, but the stringent requirements are costing owners on average $3-6 more per sqft upfront.