What is the average tenant improvement allowance on an office renewal?

In Leasing Property - Asked by Sheila B. - May 10, 2017
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Flint C.
Scottsdale, AZ

A fee carpet cleaning and window washing. The rest is negotiable based upon the current strength of the tenant and the length of renewal term. A Landlord is willing to put more into the property if the Tenant still has good financials or has an improved audit for the previous term. However, it really depends upon your market demand for space. Back to supply and demand...if a vacancy rate is super low, then your Tenant might not have an ear to hear the request improvement money.

May 11, 2017
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