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Ah this clarifies why I’ve had an employer talk about “millions in free upgrades” for office space they looked at.
by Waterluvian 3y ago
Ah this clarifies why I’ve had an employer talk about “millions in free upgrades” for office space they looked at.
- rdtsc 3y agoThat's how it works. We signed a new agreement but to be "convinced" to stay the lender did some renovation in the space, added some extra amenities, new carpet everywhere, and a bunch of other stuff like that.
- quickthrowman 3y ago‘Tenant improvement allowance’ is what that is called. Your employer’s facilities director/real estate person is a bit naive if they claimed it’s free money since it’s not free money. The TIA cost is just priced into the 10 year lease over the duration. Nothing is free.
- Waterluvian 3y agoNothing is free?!
- quickthrowman 3y agoNot if a landlord is involved :) I do business with CBRE, JLL, and Cushman Wakefield. All of them make me pay them a fee to send them an invoice, and that fee is built into my price since as I’ve said,