What is referred to as alterations made to a building's interior to meet tenant demands?

The term that specifically refers to alterations made to a building's interior to accommodate tenant needs is tenant improvements. This practice encompasses a variety of modifications, including changes to the layout, finishes, and amenities, depending on the specific requirements of the tenant. Tenant improvements are crucial in commercial real estate, as they help ensure that the space meets the functional and aesthetic preferences demanded by the businesses or individuals who will occupy it.

While there may be other terms related to alterations or upgrades within a building, such as building enhancements, commercial renovations, or interior modifications, these do not specifically capture the tenant-focused aspect of the improvements. Tenant improvements are typically negotiated as a part of the leasing agreement, often resulting in a shared financial responsibility between the landlord and tenant, thereby highlighting their importance in commercial leasing.