Converting a Retail Building into a Multi-Tenant Space

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Convert Retail Building Into a Multi-Tenant Space

Leases expire, tenants move on and you’re looking at a large-scale retail building that isn’t generating income. You have to find somebody interested in leasing the huge empty space, but your bottom line can wait because of shorter lease periods or higher costs for renovation projects like this one if they are actually done by landlords themselves which could make it harder than just finding someone else who will do it instead (although not impossible).

Whether landlord or developer – these days everyone needs an affordable commercial construction solution for converting big surfaces into multi tenancy spaces with long term returns.

Multiple Building Potential

The opportunity to renovate a large space is great for tenants and commercial construction renovation companies alike.

By converting that massive square footage into multiple storefronts, you can restore profitability of your site without having any interruptions or delays in tenant turnover because they will all have their own private reception area instead.

If you’ve been looking for a way to generate more income, this is it. Breaking up over-sized retail space can be a great first step towards turning an old building into something profitable and easy on the eyes.

Build for Specific Tenants

Commercial renovation contractors will help you estimate what your tenant’s floor space needs are. They can also give an idea of how much a commercial kitchen or office building costs, so it doesn’t break the bank when renovating for tenants

It might seem like every business has their own unique square footage requirements- but they all have something in common: most shops require between 6K and 8K sq ft (around 1 500sqm).

For smaller outfits though? Not quite so much at about 3 K mts per occupant, as mentioned by this article from Nation Z+1 Daily.

Staging an office space for tenants is critical to success. Not only does it make the building look more appealing, but also helps attract new business and retain current ones through word-of-mouth marketing campaigns in addition with any advertisements you may choose to run on your website or blog about this opportunity.

Save With Design Build Strategies

Breaking up all the square footage into a multi-tenant space pays off more quickly with an approach that has your contractor handle everything from preplanning to job closeout.

This way, you’re assured of complete oversight by one firm and can coordinate architects’ engineers’ vendors subcontractors while saving money in construction costs.

With the design build strategy, you can be sure that your commercial office renovation is planned out for maximum efficiency.

Multi-tenant conversions are big jobs, and they need a contractor who has experience in this field with an easy to follow system complete reliable service at competitive prices because quality control matters.

Big box stores are here to stay, but you don’t have to be trapped by an empty building. Our team at JeBailey & Co. is happy to share strategies for converting your retail space into something that fits the financial future of yours and our clients alike!

Give us a call at (407) 559-6412 if any questions arise while planning out this project so we may help make it easier on everyone involved – big win all around.