Just because you have one large retail space does not mean you are limited to only one tenant. Dividing your retail space to fit multiple tenants is one of many things in which we specialize.
If you are a landlord or retail developer, you might at some point find yourself with one large retail space that is too big for just one tenant. Finding a tenant to purchase that much space may be challenging, especially since our economy is still in the recovery process. So what are you to do? One of the smarter things you can do is hire a professional contractor that can provide your business with the proper divisions to make your retail space a multi-tenant one, and lease out that space to a few tenants.
But even if you do want to divide your space, a common question that is often asked is, “How many tenants do we need for a commercial construction company to give us a proper quote and budget?” The answer is zero tenants. The reason, we can proudly say, is because we have been in the construction business for a long time and have a lot of experience to help you determine the possibilities that are best for your space.
As long as you have an idea of the types of tenants you will attract, the best commercial construction firms will be able to give you a pre-construction budget. For example:
- Cell phone retail stores: 1,500 square feet
- Fast and casual dining restaurants: 3,500 square feet
- Sandwich joints: 2,000 square feet
- Outlet stores: 6,000 to 8,000 square feet
With the prospect of dividing the retail space to accommodate multiple tenants, the possibilities with commercial construction are almost endless. We encourage you to contact us at Proforma Construction for all of your commercial construction needs.