Industrial Intelligence: Private vs Institutional Tenant Improvements

Private landlords tend to be cautious with their spending, holding onto cash until a tenant is secured. This can mean minimal upfront investment in preparing the space. On the other hand, institutional landlords take a proactive approach by investing in the space upfront, even without a confirmed tenant. This trend of increased institutionalization is beneficial for tenants, as it leads to more renovated and move-in-ready buildings in the market.