In the CRE Vault with Mike and Marc
NAI FMA Realty presents "In the CRE Vault", a must-listen podcast for anyone interested in commercial real estate. Our co-hosts, industry veterans Mike Ball and Marc Hausmann, will take you on a deep dive into the latest topics and trends shaping the industry.
Each episode, Mike and Marc will share their expertise and perspectives alongside a first-class line up of economic, city, and industry professionals, to provide valuable insights and actionable advice for anyone looking to navigate the complex world of commercial real estate.
With a focus on real-world examples and practical advice, "In the CRE Vault" is the ultimate resource for anyone looking to make informed decisions about commercial real estate. So, whether you're a seasoned investor, a business owner looking for space or simply curious about the industry, be sure to tune in and discover the insights you can use.
In the CRE Vault with Mike and Marc
Construction Costs & Their Impact On Landlords and Tenants (S1:E6)
In this episode Mike Ball and Marc Hausmann, SIOR, CCIM discuss the reasons for rising construction costs and how this impacts tenants and landlords. In this discussion, they explain how tenant improvements affect lease terms and what can be done to mitigate costs.
Episode Description
Intro (0:00)
Construction Environment Pre 2009 (3:10)
How Supply & Demand Has Impacted Construction Costs (4:40)
Construction Environment during COVID (5:07)
Who Pays for Space Build-Out (6:20)
Typical Lease Term with Tenant Improvements (7:20)
How Understanding the Client's Needs Can Reduce TI Costs (9:03)
Office & Medical Office Improvement Costs (10:31)
How the TI Allowance Impacts the Landlord's Profits (13:30)
Tenants Are Getting Creative to Reduce Costs (14:45)
The Building Permit Process (15:11)
Predictions on When the Construction Environment Will Change (16:20)
