Why kind of floors do you put into small office buildings?

3 Replies

We are buying distressed office buildings which usually need a full rehab.

The building I did in 2019 we went with commercial carpet, but its already looking a little rough.

The building we are doing right now is getting LVP that I found for $2.19/sq ft. It looks great but much more costly comparted to carpet so I question if its worth it.

I do see carpet tiles in many offices I visit so I am just unsure.

Thoughts? 

Originally posted by @Ronald Rohde :

Why are you finishing out? Wouldn't it be better to remove worn carpet and leave bare concrete for the next tenant?

 Another solid question I could use some thoughts on...

Always a fine line for me on knowing on how much to do before leasing. I am usually buying distressed office space that is in terrible shape and looking to rent quickly to get the building stabilized and pay private lenders back. So I go into it with a good budget to at least put down a floor and make it more appealing. 

Is this uncommon in commercial real estate?

The lower section is completely gutted and I was going to ffer it at 90 cents build to suit. The upper level was recently doctors offices and I decided to make "rent read" with flooring/paint and charge $1.25/sq ft.

Originally posted by @Adam Craig :
Originally posted by @Ronald Rohde:

Why are you finishing out? Wouldn't it be better to remove worn carpet and leave bare concrete for the next tenant?

 Another solid question I could use some thoughts on...

Always a fine line for me on knowing on how much to do before leasing. I am usually buying distressed office space that is in terrible shape and looking to rent quickly to get the building stabilized and pay private lenders back. So I go into it with a good budget to at least put down a floor and make it more appealing. 

Is this uncommon in commercial real estate?

The lower section is completely gutted and I was going to ffer it at 90 cents build to suit. The upper level was recently doctors offices and I decided to make "rent read" with flooring/paint and charge $1.25/sq ft.

 Theres a market for both approaches, it sounds like you're covering bases. Some tenants can't see the vision unless its partially finished. As to material, i think carpet is much quieter even without a pad. YMMV