• Home
  • About Me
  • Blog
  • Sublease Central
  • Tenant Tips
  • Tenant Resource
    • Office Furniture Vendors
    • Commercial Tenant Improvement Contractors
    • Residential Real Estate Brokers
    • Commercial and Business Insurance
    • Recommended Business Books
  • Newsletter

+1 (925) 279 5590

Find Our Location
jeff.weil@colliers.com
officetimes.com officetimes.com
  • Home
  • About Me
  • Blog
  • Sublease Central
  • Tenant Tips
  • Tenant Resource
    • Office Furniture Vendors
    • Commercial Tenant Improvement Contractors
    • Residential Real Estate Brokers
    • Commercial and Business Insurance
    • Recommended Business Books
  • Newsletter

San Francisco Bay Area Tenant Improvement Costs

Aug 2, 2019 | Posted by Jeff Weil | Commercial Real Estate, Commercial Tenant Improvement Contractor, Office Space, Tenant Improvements |

In the San Francisco Bay Area, office tenant improvement costs have gone through the roof.  A few years ago, new carpeting and paint was $6-8/sf, now $12-15/sf.  Second generation space could be remodeled for $20-25/rsf just five years ago but now $50-60/rsf is required just to move a few walls, life-safety, Title 24 and minor work.  A new 10’X12’ private office that in 2014 cost $7-8,000 to build now costs $12-15,000!  In the latest SIOR magazine “The Effect of Rising Construction Prices,” this same big cost spike in office TI”s is reported across the United States.  Dallas, Houston, North Carolina, Salt Lake City.  What are folks doing?  Longer leases to amortize the costs as well as tenants contributing to the TI expense.

Post Views: 740
Tags: Bay Areabloghigh construction costsJeff Weiljeff.weil@colliers.comTenant Improvements
0
Share

You also might be interested in

On A Scale of 1-10, New York City Commercial Brokers’ Confidence Is Below 2

Jul 28, 2020

www.bisnow.com reported today that New York City brokers do not[...]

San Francisco Bay Area Proves 19th Strongest Economy in The World

San Francisco Bay Area Proves 19th Strongest Economy in The World

Dec 15, 2021

If the San Francisco Bay Area were it’s own country,[...]

Commercial Real Estate Might Be Upside Down for Some Time

May 11, 2020

Miriam Hall of Bisnow reported yesterday that Vornado Realty Trust[...]

Jeffrey Weil, CCIM, MCR.h, SIOR

Executive Vice President
San Francisco Bay Area
1850 Mt. Diablo Blvd., Suite 200
Walnut Creek, Ca 94507
CA Lic. 00786195
Phone: +1 925 279 5590
License #: CA-00786195
Email: jeff.weil@colliers.com

Categories

Find us on

Call or Email Me!

We're not around right now. But you can send us an email and we'll get back to you, asap.

Send Message
Solving Your Commercial Real Estate Needs Find Commercial Space Today!

Contact Information:

  • Jeffrey Weil
  • Colliers International
  • 1850 Mt. Diablo Blvd., Suite 200
  • +1 (925) 279 5590
  • jeff.weil@colliers.com
  • officetimes.com

Contact Information

  • Jeffrey Weil
  • Colliers International
  • 1850 Mount Diablo Blvd., suite 200
  • CA Lic. 00786195
  • +1 (925) 279 5590
  • jeff.weil@colliers.com
  • www.officetimes.com

Copyright © [2018] — Officetimes.com. All Rights Reserved.

Prev Next