Thursday, April 19, 2018

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Benefits of Working With a Local Commercial Real Estate Company

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benefits of local Austin commercial real estate companyOne of the common misconceptions is that by choosing to work with a national commercial real estate company you are also choosing a bigger better company vs a smaller one. National companies often do have large offices however they don’t necessarily have a large office or strong presence in every city. Also the overall size of a company is not an indication of how better or strong they are in a specific market. For example just because you like your Austin commercial real estate broker does not mean you will like your Chicago commercial agent. Commercial real estate is a highly individual and local industry and a national firm could have a strong presence in one market however be a small player in another.

Also, just because a commercial real estate company is large does not mean you’ll end up working with an experienced agent. In many cases if you are a small tenant or buyer you may get handed off to a less experienced or new commercial agent.

At the end of the day when choosing a commercial real estate company you want to ensure that the person assigned to you has experience. And working with a local company has it’s benefits.

Why Use a Local Austin Tx Commercial Real Estate Firm

  1. Quick & Efficient – Local commercial real estate companies have less red tape and HR processes than national firms. They are more nimble and can respond more quickly when necessary.
  2. Local Austin Commercial Real Estate Agents – Sometimes a commercial broker from a national firm might be based in another city, however represents a client with an Austin, Tx presence. Many times I see them fly into town to search for space and negotiate deals for them . If they do not live and work here how well do you think they know the market compared to a local agent?
  3. Austin Commercial Real Estate Knowledge and Experience – Local agents keep a constant pulse on the market 24/7. The fact that they live here gives them a full understanding of the entire market (retail, residential, and commercial) which gives them insight into trends that will influence real estate decisions. When you are negotiating commercial space you want someone with commercial real estate transaction experience in Austin Tx.
  4. Less Commission Splits – Local brokers can be more attentive to your needs. After a lease is executed a national broker has to split a larger portion of their commission with their company (the house). They may also have to split again with other team members. Because a national broker may make less money on a deal then a local broker they may be less attentive to your needs. A local broker has more time to spend with you since a national broker has to work more deals to make the same amount of money as a local broker .
  5. Freedom to Choose Who You Work With – National companies have a network of offices in different cities which means you are typically forced to work with a certain broker in each market. You may like your agent in Chicago, however that does not mean you will like the person you are assigned to in Austin, Tx. With a local firm you have the ability to choose the agent you want to work with. Also in many cases they are members of organizations such as CCIM or SIOR which gives them a national presence if needed.
  6. Better Agent Retention – Agents at national firms tend to bounce around from shop to shop while local agents tend to stick to one company longer. 
  7. More Experience – If you are a small company you may get handed off to the new guy. This means that you will be working with a commercial realtor with little to no experience. With a local firm such as Austin Tenant Advisors you are working with the owner of the company who has over 12 years experience in commercial real estate as well as over 12 years of business, sales, marketing, and management experience.

The post Benefits of Working With a Local Commercial Real Estate Company appeared first on Austin Tenant Advisors.

Wednesday, April 18, 2018

Congress Avenue Commercial Office Space Austin Tx 78701 - Need Help Finding Office Space on Congress Avenue in Austin Tx? Give us a call at (512) 861-0525

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Need Help Finding Office Space on Congress Avenue in Austin Tx? Give us a call at (512) 861-0525

Congress Ave Commercial Office Space Austin TxAre you searching for commercial office space on Congress Avenue in Austin Tx for lease, rent, or sale? If so let us help you. Just call us or email us and we can get started right away.

We specialize in helping buyers and tenants search, select, and negotiate office properties in Austin, Tx. Because our fee is paid for by landlords and building owners our services are free to you, however our fiduciary duty is to represent your best interests. Unlike other commercial real estate agents we have no conflict of interest since we do not represent landlords or owners. We only represent your best interests and are able to provide unbiased opinions on every property and give you insider information that they are not allowed to since they represent the owners.

How to Find Commercial Office Space on Congress Avenue in Austin Texas

There are over 18 Austin office buildings on Congress Ave with over 100 spaces. You could spend a lot of time searching on your own or let us help. We will save you a ton of time, help you avoid costly mistakes, and negotiate the best deal possible.

  1. Simply give us a call at (512) 861-0525 or fill out our contact form on the website.
  2. After learning about your ideal location, size, budget, and timing we will will identify all the properties that make sense for your business
  3. We will schedule tours with the best office spaces and walk them with you giving you our unbiased opinions on each one
  4. We will help you do an apples and apples analysis of each property and then draft and submit proposals on the best options.
  5. And finally we will help you negotiate the best price and recommend vendors to help prepare the space for occupancy.

Types of Commercial Office Space on Congress Ave

Whether you need to lease or purchase Office space on Austin’s Congress Avenue we got you covered. Office buildings on Congress Ave come in various sizes, prices, and building classifications. Some are old converted houses and others are modern office towers Downtown such as the Frost Bank Tower. The determination of Classes can be subjective depending on the marketplace or the landlord/broker listing a particular property, however the basic rules of thumb are as follows:

Traditional Office Buildings

These are multistory buildings/towers with many different tenants in different industries and sizes. Lobbies, bathrooms, and hallways are common to all tenants in the building. In most cases landlords take care of all the maintenance, cleaning, & repairs. The buildings are classified based on age, amenities, and quality of finishes (Class A, B, C). Class A office space is the newest, nicest, and most expensive. Class B are older than class A but well maintained and lower rates. Class C are the oldest, less maintained, and least expensive. 

Short Term Executive Office Suites

If you need temporary space or short term leases these are the way to go. Typically plug n play complete with furniture, phones, and internet service.

Old Houses Zoned for Commercial Office Use

Many old houses are zoned for commercial office use. For those that like quirky space with your own entrance and parking, and don’t mind being responsible for paying your own electric and janitorial then these might be a fit. You would also may be responsible for the maintenance, repairs, and landscaping for the property

 

Need Help Searching For Office space in downtown Austin on Congress Ave?

Give us a call (512) 861-0525 or fill out our website form and we will get started right away! 

The post Congress Avenue Commercial Office Space Austin Tx 78701 appeared first on Austin Tenant Advisors.

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