Tenant Improvement (TI) Allowances in Your Area - Retail
Hi Everybody - haven't seen much on this in the thread. What are landlords giving for standard TI incentives / allowances to new tenants in your area?? 

Curious about region/area and variance between retail/office/industrial types...
[{"id": "gnye7mm", "text": "Concessions have risen a good bit in my market. Office tenants in the southeast have been getting up to $40-45 PSF in Atlanta and Charlotte.", "replies": [], "depth": 1}, {"id": "gnyjt9d", "text": "Depends on use (restaurant, soft goods, fitness, etc.) and existing condition.  Obviously less TI on street retail, 2nd gen space; more TI on new development / institutional owners.  Overall a preference lately for free rent over cash $$.  -Los Angeles", "replies": [], "depth": 1}, {"id": "gnyk0fi", "text": "Industrial in the NE we are anywhere from $1-5 depending on a multitude of reasons. Credit, term, size of space, etc.", "replies": [], "depth": 1}, {"id": "gnyrfum", "text": "I don\u2019t think there is a standard TI allowance as there are too many factors that contribute to what is offered as TI.  Delivery condition of the space (raw, white box, to spec, etc.), the use of the space (bank, restaurant, soft goods, service, etc.) and of course the market.   I recent switched markets within my company (national retail owner/operator) and the TI\u2019s are 50% higher in my new market on comparable PSF rents.   \n\nIf I have to peg a TI for a starting point in an analysis, I would say $50 PSF and adjust up or down based on the factors above.  That\u2019s up for $40 last year (20%).  Tenants have significantly more power than they did 12 months ago, so regardless of the factors above, TIs have been increasing and that won\u2019t go back down until vacancy rates fall significantly.", "replies": [], "depth": 1}, {"id": "go320vv", "text": "More TI = higher rent, longer lease. It has nothing to do with the area, it\u2019s a simple equation of give and take.", "replies": [], "depth": 1}]