what is a typical finish out allowance for an office

In Leasing Property - Asked by Mary H. - Mar 18, 2010
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Answer(s)

Sean C.
Broker/Agent
Norwalk, CT

Market driven. Where and when? What was done last year may not be the same as now. Most cases its a dollar allowance.
Key factors:
Term of lease.
Credit and size of tenant.
Condition of space raw/built.
and today condition of landlord and its lender.
Bottom line is you need to check with a local broker to get this answer.

Mar 19, 2010
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Nathan S.
Broker/Agent
Austin, TX

What city do you live in? What class (A, B, C)?
In Austin a typical finish out allowance RIGHT NOW for a good credit tenant in class A shell space ranges from $25 to $35 SF, however that also depends on the other deal points negotiated (lease term, rental rates, free rent, etc...), as well as the existing condition of the space (brand new or 2nd generation), credit and size of tenant.

Mar 21, 2010
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Brandi L.
Broker/Agent
Oak Brook, IL

All accurate points. In the Chicago MSA costs typically range from $30-40 psf for a basic finish package for an existing cold shell, lower for 2nd generation space. In certain cases, medical for example where plumbing distribution is a factor, the price can be substantially higher.
Jim Blanchard-Inland
jblanchard@inlandgroup.com

Mar 22, 2010
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