REALTOR Mag: Design With Staying Power
With money tight, companies are looking for ways to spend less of their precious capital on expensive buildouts that just get thrown into a landfill when the lease expires. “Companies are getting more prudent about spending on tenant improvements. They also realize that minimizing the cost of construction buildout reduces the amount of security required to guarantee the lease,” says Mike Watts, senior vice president with J.F. McKinney & Associates, a Chicago company specializing in landlord representation.
