Tenant Improvements (TI) for Office and Retail Space

Commercial or Office Tenant Improvements (TI), aka Tenant Finish or Leasehold Improvements, are the custom alterations a building owner makes to a commercial rental space (office, retail, restaurant, or warehouse) as part of the lease agreement in order to design and configure the space for the tenant. The decisions and choices made here are important since the tenant can request specific improvements or a specific TI budget paid by the Landlord to fulfill the tenant’s needs. Visit our Tenant Improvement Project Gallery to see samples of our work.

Tenant Improvements and Budgets

Omega Contracting and Consulting works with building owners and tenants on this build-out, modifying existing space to accommodate both the building owner and the tenant. This process begins with a Preliminary Construction Bid and then moves to the design and build-out phase.

From the tenant’s standpoint, it is essential to understand the total cost of desired improvements before signing the lease agreement because many lease agreements will cap the construction improvement costs paid by the Landlord. In this case, Omega provides the tenant with a preliminary construction bid before signing a lease. Hence, the tenant knows the total finish-out cost and can adjust design options to fit the TI budget.

Who Pays For Tenant Improvements?

In a commercial lease, the building owner or Landlord pays for the improvements made to the existing space. The first step is determining the TI Allowance, which is the money the building owner allows the current tenant to spend on improvements.

TI allowance is stated in the lease agreement and is paid for by the building owner or Landlord. The tenant pays for the difference if the improvements exceed the agreed-upon TI allowance.

Hire A TI Expert

Before hiring any construction company, it is important to ensure the company has a good reputation and experience in the area. Omega Contracting has years of experience working with some of the biggest brands in the business, as you can see in our Project Gallery.