THE ESTIMATE FOR ANY BUILDOUTS.
This is where you work with your design team to determine which style and quality of finishes you want. You also work with the builders to get bids on the construction. This is usually up to the tenant and what level of interior office design he wants and if it fits into any given buildout budgets that the landlord has indicated will be part of the lease. Then, the pricing notes and test fit will be given to the landlord. Understand that the price points, written plans, and any other quotes are extremely preliminary and not set in stone at all. Use all these plans and buildout test fits to determine if this is your preferred space. You’ll get almost a complete feel for all the construction costs associated with each option based on the ability to reuse the existing designs and layouts. You’ll also know the amounts of space you’ll need to lease in each building. In many cases, by reusing the existing rooms and amenities you can save a lot of money per square foot on the overall lease. This all depends on how much capital you want to spend on your space, your patience for a buildout, and any other negotiations you’ve made or plan to make with your landlord. Usually, any saved money for buildouts can be credited to your rent.
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