Finding and leasing office space in Austin can indeed be a daunting task, especially when you choose to do it on your own. There is over 90 million sf of office space in the Austin metro area. From small houses zoned commercial to large multitenant office buildings classified as A, B, or C there are many options to choose from all with varying lease rates, amenities, rules, and accessibility.
TIME is one of your most precious resources. If you are not familiar with the Austin area or are busy starting and/or growing your business hiring a commercial realtor that ONLY specializes in representing tenants in the search, selection, and negotiation of office space is undoubtedly the best way for you to easily maneuver through the office leasing process from start to finish. This is because you will have expert advice every step of the way as you negotiate against landlords who have experts representing their best interests. Here are four reasons why a tenant representative is indispensable.
Represent Your Best Interests
A tenant representative represents your best interests. Their job is to level the playing field by representing your best interests and help you find the best space that meets your budget, timing, and current and future growth needs. They also work on your behalf and using their experience to negotiate against the landlord ensuring you get the lowest lease rates possible and the most concessions.
The building owner (aka landlord) has an experienced commercial realtor (listing agent) on their side giving them advice, consulting, etc every step of the way. Their job is to ensure the landlord gets the highest lease rates, and best possible deal.
An experienced commercial real estate agent has negotiated 100's of office space deals which means they have seen the good, bad, and the ugly. Never underestimate the details of leasing office space as some of the smallest mistakes can be very very costly. A good tenant representative has your back and will ensure you don't make costly mistakes.
Access to Market Knowledge
Landlords hire commercial listing agents to consult them on the market. They tell them everything they need to know to ensure they make the best decisions and get the best deal possible. From what to quote for office lease rates to the best way to negotiate each deal. What they won't do is tell you inside information or whether or not the landlord will accept a lower offer.
A tenant representative gives you the skinny on every office building (amenities, owner info, rates, etc..) in consideration so that you are equipped with all the data and market information needed to ensure you make the best decision for your company.
Many people think that by leasing office space on their own they will get a lower lease rate. That is not the case. Commissions are being paid whether or not you hire your own commercial real estate agent to represent your best interests so why not put some of those commission dollars to use to help you find and negotiate a better deal? Hiring a tenant representative does not have a negative effect onn the rates and concessions you get. In fact they will help level the playing field and ensure you get the lowest lease rates and best deal possible.
Learn more about finding and leasing Austin office space here:
Austin Tenant Advisors
1300 Guadalupe St #250
Austin, TX 78701