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Rent escalation is a pre-negotiated lease clause in which a tenants base rent is increased on an annual basis. Rent escalation clauses in commercial leases are negotiable however landlords push for this for two reasons To keep up with inflationIncrease revenue and the commercial property’s value When leasing commercial real estate for terms longer then Read More…

Before beginning your search for warehouse space, it’s crucial that you know your current and future business needs when it comes to industrial space because not every warehouse property has the same features. For example, some have truck courts big enough to accommodate 18 wheelers, and some don’t. Some have dock high loading, and others Read More…

When leasing commercial real estate properties such as office space, retail space, or warehouse space, landlords will typically offer incentives to get tenants to lease space in their building. One of those incentives is offering a tenant improvement allowance (aka TI Allowance or TIA) to build out the space custom to your needs.  The tenant improvement allowance Read More…

Renegotiating a commercial lease is possible if your business or the market changes and you are unsatisfied with your current situation. There are no guarantees that the landlord will agree to your requests however you will never know if you don’t ask. Business climates and markets can change which at some time or another will Read More…

Rent abatement in a commercial lease means that the tenant does NOT have to pay rent for a certain time period during one of the following scenarios: During the initial tenant improvements, As a concession in lieu of a reduced rental rate, Or when the tenant is not able to occupy the space because major Read More…

Leasing retail space is expensive so before rushing out to sign a commercial lease it’s important that you prove that your products will sell. This applies to anyone wanting to open a retail business including health spas, restaurants, hair salons or any store that sells merchandise.  Do people want to buy your products at a Read More…

The Bank of America Center is a class A office building located in the heart of downtown Austin at 515 Congress Ave Austin Tx 78701. If you want to be at the center of it all, and within walking distance of the Warehouse & 6th street entertainment districts, the Texas State Capital, Austin Convention Center, Read More…

When leasing commercial office space on your own, it’s important to consider hiring a tenant rep to help you, especially in landlord friendly Austin office space markets. Building owners have highly experienced agents representing their best interests which puts you at a disadvantage during negotiations. Having a tenant rep in your corner will ensure that Read More…

Office space build-out permits in Austin can take up to 30 to 45 days, and even longer for larger more complicated projects. When searching for Austin office space for lease you need to ensure that you give yourself enough time to see all the options as well as allowing enough time to build-out the spaces Read More…

When planning to lease your next office space it’s important that you think about amenities that your employees will love. Ones that will make them want to come to work and encourage better collaboration and productivity. Below are a few office space amenities that you may want to consider incorporating into your next office build-out. Read More…