Don't overthink and overpay for tenant improvements
Landlords eyeing a renovation of their building need a clear understanding of their future tenant to avoid overthinking—and overpaying for—tenant improvements (TIs).
Experts from Taconic Investment Partners, TIAA and RSM discuss why landlords, investors and managers need to know their prospective tenant when planning a repositioning of a property — and why it’s critical not to “overthink” the process.
The experts talk about how changing user and tenant preferences are driving repositioning projects today and also why repositioning or value-adding projects shouldn’t just be about new tenants. Landlords should consider transforming existing assets to retain existing tenants, which are often looking for improved amenities to attract and retain workforce talent in their own businesses.
The field of environmental, social and corporate governance is aiming to help companies use capital more responsibly.
Companies may be able to realize additional tax savings through state tax credits and other incentive programs.
The proposed regulations address many concerns around qualified opportunity zones but questions remain to be addressed in further guidance.
Specially designated districts designed to fuel economic growth where development has been stagnant offer investors tax-saving options.