Tenant Improvements
Commercial fit-outs for retail, hospitality, office, and clinical tenants, built around how the business actually operates and sequenced backward from the lease commencement date so the doors open on time.
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Scopes
Building types we fit out
- Retail and showroom spaces.
- Restaurants, cafes, and food service.
- Hospitality interiors.
- Office and creative workplace.
- Clinical, medical, and dental.
- Wellness and fitness.
What is a tenant improvement in commercial real estate?
A tenant improvement is interior construction work that adapts a leased commercial space to a specific tenant's needs. This typically includes interior partitions, finishes, lighting, mechanical and electrical work, and any specialty equipment installations.
Who pays for tenant improvements, the landlord or the tenant?
Responsibility is split through the lease, usually via a tenant improvement allowance (TIA) provided by the landlord. The tenant typically funds any work above the allowance. EDDA can work with either party as the contracting client.
How long does a tenant improvement take in Greater Victoria?
A typical tenant improvement in Greater Victoria runs eight to sixteen weeks from permit issuance to occupancy, depending on scope and complexity. EDDA establishes a phased schedule before construction starts.
Does EDDA work with landlords on TIs?
Yes. EDDA works for both tenants and landlords on TI projects, depending on which party holds the build-out responsibility under the lease.
What is the difference between a tenant improvement and a renovation?
A tenant improvement is interior fit-out work performed for a specific commercial tenant, usually under a lease. A renovation is broader work on an existing building that may include structure, envelope, mechanical, and shared spaces in addition to interiors.