subject: Tenant's Expectations of a Commercial Space for Rent Bangalore [print this page] Tenant's Expectations of a Commercial Space for Rent Bangalore
Maximize Your Rental Potential
Tenants understand the commercial property market is volatile and will use any substandard condition as way to a lower rent or a reduced service charge. Landlords are looking to refurbishment as way to bring their properties up to date not only as way to attract a tenant, but also to conserve the rental value of their portfolio.
commercial refurbishment
Ongoing Desirability
Commercial space for rent Bangalore refurbishment cannot only affect the immediate value, it can be felt at the lease renewal or review stage. One growth area in commercial property has been the rise in companies advising existing tenants on triggering break options and negotiations. These companies are having a greater impact on landlords who have not invested in refurbishing their portfolio and will find themselves in the unwanted position of having to drop their rents in order to retain tenants.
office interior refurbishment
The Time is Right for Refurbishment
Understandably, landlords have been reluctant, or unable to undertake a commercial refurbishment project over the last few years due to prohibitive lab our and material costs. Also, with their properties in constant use and there has been no need to look closely at modernizing some properties, instead settling on the work done through the obligations from their tenants as part of the agreed schedule of condition.
However, many commercial refurbishment specialists are now able to offer an attractive option that takes advantage of lower VAT costs and their need to retain their skilled contractors during leaner months. This is allowing commercial landlords to invest in poor performing areas of their portfolio by offering a commercial property that meets the needs of their existing tenants or attracting a quality long term tenant to a vacated property. A commercial refurbishment specialist such as TWP Designs, will offer a variety of options and ideas to help a commercial landlord to transform a property. Commercial refurbishment specialists will be able to offer ideas on how a space could be laid out more efficiently, how a heating system could be renovated, or a light system renewed. The measures needed are often the small details and the quality of the finish, but a good commercial refurbishment specialist will also look at the bigger picture and see the potential of a commercial space and work with the landlord to ensure thay have a property that will attract and retail tenants.
