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Commercial & Tenant Improvement Vancouver

COMMERCIAL & TENANT IMPROVEMENTS

Custom interiors can say a lot about your brand. It has to be just right to ensure your customers and guests get the right impression about who you are and what they can expect. Our commercial tenant improvements team understands the importance of customizing spaces to fulfill specific objectives.

We build custom retail, corporate, and commercial interiors. By using your ideas for the intended use of the space, our custom interiors are tailored to your needs. Our services will ensure your property delivers the right impression, highlighting the high-quality services and goods you offer.

Combining the mindset of a relationship-based small contractor with the stability and resources of a highly motivated, experienced, and client-oriented team, Hallmark Projects Ltd. is qualified to offer customized tenant improvements solutions while providing the high standards and quality clients have come to expect.

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Why Make Tenant Improvements?

Tenant improvements (TI's), also known as leasehold improvements, are the custom interior finish outs a landlord or tenant makes to a commercial rental space (office, retail, or warehouse space). The amount of build out to be completed, or the tenant allowance needed to do these projects, is typically negotiated up front between the landlord and tenant, and is part of the overall commercial lease agreement.

Simply put, TI's, are the customized alterations a landlord or tenant makes to rental space as part of the lease agreement, in order to configure the space for the needs of that tenant.

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How much does a Commercial Renovation or Tenant Improvement cost in Metro Vancouver?

Commercial renovations or tenant improvements are an entirely different, very specialized, and highly regulated type of property renovations. Commercial renovations or tenant improvements are done to a broad range of commercial property uses such as regular office workspaces, medical and dental spaces, retail stores, commercial washrooms, hotel and office tower common spaces, café’s, bars, and restaurants, and beauty salons and fitness centres.

Like home renovations, there are a wide range of renovations and improvements that can be done to commercial spaces. For budgeting purposes here, we will only consider complete build-outs from a shell condition.

  • *Retail stores can cost between $85/sq.ft – $385/sq.ft for a complete buildout.
  • *Bars and restaurants are the most expensive tenant improvements due to the amount of mechanical, electrical, and plumbing required. They can also have some of the most elaborate and expensive interior finishes. Costs can run from $163/sq,ft – $550/sq.ft
  • *Medical and dental centres have the second highest TI cost per square foot after bars and restaurants mostly due to the installation of specialized equipment’s as well as the required mechanical, electrical, and plumbing. Costs range between $115/sq.ft – $380/sq.ft.
  • *Physiotherapy and fitness centres tenant improvement costs per square foot vary depending on proportion of open space versus closed door rooms, equipment’s and appliances, use of sauna, hot tub, small pool, etc. but typically would run between $85/sq.ft - $230/sq.ft.

These costs per square foot for tenant improvements in metro Vancouver are based on a complete build-out from shell condition with some basic services already installed by the landlord. Design services, engineering, building permit, and trades permits costs are included.

Why Hallmark Projects LTD.?

Our commercial & retail tenant improvements firm provides services throughout Vancouver, including East, West, and North Vancouver, as well as Burnaby, New Westminster, Port Moody, Coquitlam, Port Coquitlam, Richmond, and Delta. We come with the combined knowledge and experience of established professionals that enable us to deliver seamless project management solutions. We proudly serve throughout the lower mainland and Fraser Valley.

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Your Project

We'd love to learn more about your project and discuss our role as your preferred home renovation, tenant improvement, and commercial interior contractor. We serve in Vancouver, North Vancouver, West Vancouver, Richmond, Delta, Burnaby, New Westminster, Port Moody, Coquitlam, and Port Coquitlam.

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