Typically you negotiate your commercial lease renewal up front. Most landlords (especially in Austin, Tx) will have language in the lease that says you must give written notice of your intent to renew your lease at least 6-12 months before your existing lease expires. If you don’t then the landlord can lease the space to […]
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Austin office space lease rates are quoted in several different ways depending on who owns the building. It’s really an accounting thing and/or personal preference however at the end of the day Landlord’s end up passing through all or almost all of the building operating expenses (Also known as triple net..NNN or taxes, insurance, &
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Renewal rates for commercial leases depend on several factors (current market conditions, supply and demand of the type of space you are leasing, & if you are properly prepared to negotiate). Current Market Conditions – When determining renewal rates for tenants landlords hire experienced commercial agents to consult them on current rates in comparable buildings, concessions
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We help businesses find Austin office space that meets their ideal size, location, and budget and help negotiate the lease/purchase terms and conditions to ensure they get the best deal possible!
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It’s no secret that office space in Austin Tx rental rates are the highest they have been in over 10 years. Austin office space lease rates are $5 to $10 dollars higher in every market. Downtown rates are averaging $45 to $50 sf. The least expensive class B and C rates are averaging $23 to $24
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When leasing commercial real estate rentable square feet equals the actual space that you occupy (aka usable square feet) PLUS your portion of the common areas that all the tenants in your building share (e.g. building lobby, bathrooms, hallways, and other corridors). It’s what you actually pay rent on. To help you understand rentable square feet better take the following
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When leasing commercial space there is more to your office space then just YOUR space. What if you lease a commercial space on the 40th floor of an office building? How would you get to YOUR office if there were no lobbies and elevators? Where would you or your employees go to the bathroom if there
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When negotiating office space leases many landlords will offer to give you a tenant improvement allowance (aka TI allowance). While this may seem generous you need to understand that they will expect things in return. Building owners are in the business to make money not just give free money away so it’s important that you understand
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When you are considering hiring a commercial real estate agent you need to be aware of they type of brokerage they work for. Some companies are full service, meaning they represent Landlords & Tenants. Others (the minority) ONLY represent the best interest of Tenants and do not have commercial listings of their own. You may
Why Hire a Commercial Realtor that Only Represents Tenants? Read More »
Most tenants who lease commercial real estate space think that renewing the lease is an easy process that does not require any additional work. Well I’m here to tell you if done right and you want to get the best deal possible renewing a commercial lease takes time and effort. Even if you don’t want
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