When leasing your commercial property, customized adjustments often need to be made to meet the demands of your tenants.
These renovations will differ in scope depending on the industry they are involved in. But there are several general improvements that will make your property more appealing. Below, we look at the top 5 easy ways you can meet your tenant improvement renovations target.
5 Tenant Improvement Renovations To Instantly Boost Your Property
Install New Lighting
Dimly lit spaces and outdated light fixtures are not conducive to any business. That is why one of the most effective tenant improvement renovations you can invest in, is new lighting.
Introduce lots of natural light where possible, but also replace the old ceiling and wall lights with energy-efficient lighting systems.
Improved lighting can make a big difference to any commercial space. It improves the overall appeal to customers and employees but can also lower lighting bill costs. This is one of the tenant improvements that will have the most impact on the business running costs.
For darker areas and corners that do not receive much natural light, efficient lighting is essential. This can be achieved through the use of uplights and strategically placed spotlights.
Upgrade The Finishes
Regular upgrading of the finishes is another must in older commercial properties. If you neglect to do this, your interiors may look dated, which will affect the general aesthetic of the building. Keep in step with modern interior design trends and introduce more modern finishes when and where necessary.
A minimalist approach is often best, as sleek no-fuss interiors will suit most commercial tenants’ needs. Choose contemporary materials, yet low-maintenance and neutral color schemes for the most versatility. This will enable you to better serve a variety of commercial tenants.
The most popular paint finish for commercial spaces is the eggshell finish. It is smooth and durable, and most importantly, resistant to scuff marks.
Enhance The Common Areas
By enhancing the common areas, such as entranceways, restrooms, elevator lobbies, and public corridors, you give the whole building a new look. These are particularly well-used areas and therefore greatly impact how your property is viewed.
In most cases, this will come down to the lighting and flooring. But in washrooms, for example, you need to keep all fixtures in working order. Old washroom hardware is another way that your property can look out-of-date, so replace these if necessary with modern designs.
Freshen Up The Exterior
Freshen up your building’s exterior to give the entire property a facelift. This is the first thing that potential tenants will see when viewing your commercial space, and it is the first thing that their customers will see too. That is why you mustn’t overlook any problems with the building’s facade.
Besides a fresh coat of paint when needed, other things to attend to include windows and main entrances/exits. Are these still functional or do repairs need to be made? Is your signage still serving you, or is it time for an update? Consult an expert in tenant improvement services, like Chad Fisher Construction, for advice on these areas.
Another easy way to boost your curbside appeal is through landscaping. If your property is surrounded by a large outdoor area, maintain and improve this space. Mow the lawn if there is one, put in some nice flowerbeds, and remove shrubs that obscure entrances or exits. Alternatively, install concrete pavers for a neat and modern-looking exterior.
Install Low-Maintenance Flooring
The choice of flooring is of great importance too. It needs to be able to handle the foot traffic of your commercial space. Durable, low-maintenance flooring is the best choice. You have several options to choose from here.
Carpeting may look great and provide good insulation, but maintenance costs can run high. If you insist on retaining carpets, have these professionally cleaned and repaired or replaced if they are looking worn.
If you want a more modern and welcoming look, you could install laminate flooring with the look of wood. This is a cost-effective option for office spaces or medical facilities.
Lastly, a vinyl flooring option is suitable for practically any type of commercial space. It is resilient, resistant to damage, and long-lasting. Vinyl flooring comes in a range of attractive colors and is very easy to keep clean.
Conclusion
Commercial tenant improvements don’t have to break the bank. By making wise choices in the five categories mentioned above, your property will remain a viable choice for potential tenants. And you will increase your profitability with the least amount of effort and expense.
For the best advice about updating your commercial property, consult an experienced and trustworthy commercial contractor. At Chad Fisher Construction, we can help you to make a maximum impact with minimal disruption to your business.