Kari Nealeigh - The Complete Guide to Buying Commercial Real Estate

at times, and you should vet all options to get a good price. This is part of the last step when you design your space. With this step you can also have alternates that you may choose later. If you have glass on your office walls but the construction documents specifically say they are drywall, you can get “add alternate” bids for the glass. Then you can wait to see the final cost before determining if the glass would be too expensive, and make a last-minute change before making a final decision.

You can wait to see the final costs before.

After this, the planning process is 99% finished. Now that you have the details planned out and the bids in, you need to plan out the amount of time this will take. Buildouts can take as much as 180 days (or more) to finish. Now is the time to get the construction company to give you a set timeline. You probably can’t afford them going over that time, so if they can’t guarantee something you may need to move onto another company. Companies that do these buildouts understand how buildouts work and that your rent may start at a set time. They need to be done by that time. This is the benefit of having a good broker. They bring a company who is trustworthy.

CONSTRUCTING THE S G THE SPACE

All of your design documents should now be complete. It’s now time to finalize the bids, choose them, and get your space built- out. By now, you’ll have the pricing, based on the test fits and the bids. Still, nothing is done until the contractors give you the final drawings and blueprints. These will be the final prices and the

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