1. Estimate Your Budget How to Calculate the Monthly Rent Base rent + operating expenses (aka NNN) X the rental square footage. So if you are renting 4,000 sf, the base rent is $30, and the NNN are $10 your monthly payment will be ($30 + $10) X 4,000 = $160,000 / 12 = $13,333 […]
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Is your small business looking to rent/lease small office space in Austin? Are you tired of searching through all of the inaccurate online office space listings that don’t match your business needs? Austin Tenant Advisors helps small businesses comb through the office space listings to help you find & rent the ideal business space. Not only
Small Office Listings in Austin, Tx – Rent Office Space With Austin Tenant Advisors Read More »
Buying and owning commercial real estate does not make sense for every business and can be a complicated process if you don’t know what you are doing. Below are a few questions to consider and steps that will help get you started. 1. Get to Know Your Situation Before Buying a Commercial Property Is your
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How Much Office Space Do I Need? Currently many North American offices average 150 to 175 square feet per person. That number is down from previous years when businesses average 225 sf per person. If going by the rule of thumb for open office space designs that most tech companies use you will average 125
What is the average square footage of office space per person? Read More »
Landlord Representative The landlord rep is the listing or leasing agent. They represent the best interests of the landlord or building owner and market the owner’s commercial real estate buildings (office, retail, or warehouse space) for lease, rent, or sale. Leasing agent’s negotiate on behalf of the landlord and their responsibility is to get the
Difference Between a Landlord Leasing/Listing Agent & Tenant Representative Read More »
In a hot market high office lease rates make companies want to buy vs lease office space. The decision of whether to lease vs buy depends on your existing situation as buying office space does not make sense for everyone. In most cases it makes sense for newer companies or startups with a lot of
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CAM in a commercial real estate lease stands for Common Area Maintenance. Some often confuse NNN as being CAM however that is not correct. CAM is a component of the NNN. CAM’s include repair, maintenance, and upkeep to such things as landscaping, parking lots, roofs, interior and exterior building components, HVAC, maintenance fees, etc. When
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The triple net (NNN) in a commercial real estate lease stands for Net, Net, Net which are the taxes, property insurance, and common area maintenance charges that Tenants or Lessees pay for in addition to their base rent. For example say you find Austin commercial real estate quoted as $14 NNN. This means that in addition
What Does Triple Net NNN Mean in a Commercial Real Estate Lease? Read More »
Suppose a landlord has a large tenant who leases a 10,000 sf office space in downtown Austin that wants to expand in contiguous space in your building however they are not able to because you occupy a much smaller space adjacent to their space. Or maybe a large prospective tenant is interested in leasing space in a landlords building however
What Do I Charge a Landlord If They Want to Buy Me Out of My Office Lease? Read More »
Today I was searching for retail space for a client and one of the landlords I spoke with asked if my client had any other locations. Why would they ask that? The reason is because they want to know if we are a new startup business or an existing business. Does that mean landlords will
Why Commercial Real Estate Landlords Want to See Your Financials Read More »
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