From time to time a commercial real estate property with tenants will be sold or refinanced. During the due diligence phase of the acquisition or during loan underwriting the landlord or lender will send a written request to all the tenants asking for written verification that their lease is in full force and effect and […]

Third party logistics also known as 3PL  or TPL is when a company uses a third party business to outsource parts of the company’s fulfillment & distribution services, rather than secure their own industrial space for rent. Third party logistics service providers commonly specialize integrated operations, transportation, and warehousing services that can be customized and

When buying or leasing commercial real estate you will often come across a space that is in plain vanilla shell condition. Other terms you may have heard are cold dark shell, warm shell space, grey shell, etc. As you can see it can get kind of confusing and to make it more interesting the definitions

When you are in the retail sales business you typically have a main service or product that you sell that may comprise of 50% or more of your total sales. Ancillary retail services are either different from, enhance, or support the main services/products of a company. They are essentially revenue generated from the sale of

Flex space will never compare to the look and feel of traditional office space however across the country renting flex space is on the rise. And they are attracting companies in all types of industries including software and technology companies. For example in Austin Tx flex space is half the cost of traditional Class B

When signing a commercial real estate lease (office space, retail space, warehouse space) you are typically committing to either 3 year, 5 year, or sometimes longer lease contract and you are legally obligated to fulfill the entire obligation regardless of whether or not your business succeeds or fails.  You have the best intentions to create

So you are a new business or startup and ready to lease your first commercial real estate space, however with little track record and little to no revenue how will you be able to get the landlord comfortable with having you as a tenant? Most landlords are hesitant to lease commercial space to startups as

When searching for office space the first thing most people is search online which typically involves using google to search office space for rent. The first thing you will see is a laundry list of office space listing sites with hundreds of listings for office space for lease all across the city near you. These

When searching for office space for rent the spaces you look at will typically need some sort of upgrades. You might get lucky and find one that is move in ready and exactly the way you want it, however in most cases they will need new carpet, new paint, walls removed, new walls built, new

Tenants have been leasing commercial real estate for over 200 years however there are still many myths or misunderstandings about the industry and how the process works. For example many tenants think they have to pay for 100% of the tenant improvement costs when renting commercial real estate property in Austin, Tx. They don’t realize