Friday, December 29, 2017

1,000 sf Office Space For Rent Downtown Austin – Tenant Advisors

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1000 sf office space downtown austinIf you are a startup or small business getting started and need to rent 1,000 square feet of office space in downtown Austin you have come to the right place. Finding small offices space for rent can be very difficult and time consuming however with our knowledge, tools, and resources we can help make your small office space search easier and faster.

There are literally hundreds of 1,000 sf spaces in downtown. How do you know which small office rentals will do short term leases or have the layout that you need? Without knowing the Austin market finding the right space can be very challenging.

Once you engage us we can search for and identify only those 1,000 sf office spaces that meet your needs or that will be able to accommodate them. We do all of the legwork calling the building owners and listing agents to confirm that what they have listed is still available, gather floor plans, confirm rental rates, etc.

After touring the best options with you we draft proposals for your top 1-2 options and then negotiate on your behalf to ensure you get the best deal possible.

Some larger brokerage firms won’t help smaller companies needing to rent 1,000 sf or less, however because our Austin commercial real estate company is small, nimble, and uses the best technology in the market we are able to represent your best interests and find you that perfect space. We have over 11 years experience in the Austin market so your needs will be taken care of.

 

The post 1,000 sf Office Space For Rent Downtown Austin – Tenant Advisors appeared first on Austin Tenant Advisors.

Austin Office Space Rentals For Startup Companies

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startup office space austin texasIf your a startup company that is looking to rent office space in Austin it will be tough to find landlord’s willing to do short term leases (less than 3 years). For most startup companies signing a lease longer than 3 years does not make business sense however for some that are generating profits and have easy access to raising funds signing a lease 3-5 years long may be ok.

Short Term Office Lease Options For Startups in Austin Tx

There maybe a few landlords that will let a startup company do a short term office space lease however they are very difficult to find. In this case it would make sense to have an Austin commercial realtor help you find space. They typically know which landlords are willing to do leases less than 3 years OR they know of all the office subleases that have 3 years or less remaining on the lease term. If your a startup and not familiar with the Austin market then trying to find office space on your own (especially short term options) can be quite challenging.

Many startups that already do business in Austin, Tx or are considering relocating to Austin typically start off with renting Austin coworking space. These days Austin has many options to choose from and each coworking facility typically allows startup companies to sign month to month leases. They also have a ton of amenities and available services, and of course the ability to network is endless.

Most startups that I work with are typically on a budget which may lead us to Southeast or Northeast Austin where the lowest Austin office rental rates can be found. Again you can find startup office space in Austin on your own however it will take you a ton of time and effort. Consider getting help from a commercial real estate agent OR checkout some of the coworking facilities in Austin.

The post Austin Office Space Rentals For Startup Companies appeared first on Austin Tenant Advisors.

Tuesday, December 19, 2017

Cate Edwina thanks for following me on Twitter! https://t.co/gEWMZ96vYS


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Free Loopnet Office Space Rental Search | Austin Tenant Advisors https://t.co/fjjnKg0vXC https://t.co/AWny48BW78


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Free Loopnet Office Space Rental Search | Austin Tenant Advisors

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free loopnet office space search austin txLooking to rent office space in Austin, Tx and searching Loopnet for listings? If you want to get better and more accurate office leasing information let Austin Tenant Advisors help you find your next commercial space.

We have helped over 400 businesses find Austin office space that is within their ideal size, location, and budget and we can help you do the same. To get started simply call (512) 861-0525 or fill out our online form and:

  1. We will do all the searching on your behalf and find space that matches your ideal criteria
  2. You receive a custom report of available spaces matching your exact needs. Photos, floor plans, and pricing will be emailed to you with hours of initial contact
  3. Representing your best interests we will set up visits for your favorite options, draft proposals, and negotiate against the building landlords to ensure that you get the best deal and terms possible.

Loopnet has a lot of great information and office space listings in Austin however they don’t always include all the pertinent information that you will need to make an informed decision. 

By letting us help you find office space in Austin you will level the playing field and be empowered with the same information & tools needed to make good deals that the landlord has.

The post Free Loopnet Office Space Rental Search | Austin Tenant Advisors appeared first on Austin Tenant Advisors.

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Friday, December 15, 2017

Xceligent Files for Chapter 7 (Liquidation) Bankruptcy, Shuts Down Its Operations For Good https://t.co/6ZJ9ASxIZ3 https://t.co/fq2cKzoDy3


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Xceligent Files for Chapter 7 (Liquidation) Bankruptcy, Shuts Down Its Operations For Good

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xceligent files chapter 7According to news sources Xceligent has shut down their operations for good. Commercial real estate data firm, Xceligent, which is owned by General Trust and Daily Mail (DMGT) has filed for Chapter 7 liquidation. This news comes about 12 months after Xceligent started its legal battle with commercial real estate data firm Costar. 

Xceligent has over 250 employees which were sent a memo at 4:08 pm on 12/14/17 telling them their employment was being terminated that day. They only have 30 minutes to gather their stuff and leave the premises.

What is a Chapter 7 Bankruptcy?

It’s the most common and simplest form of bankruptcy that an individual or company can file. Any assets that the debtor does not have exempted a court appointed trustee may sell and then distribute the net proceeds to creditors. In exchange for this the debtor gets released of his personal liability for most debts. In most cases the case gets closed by the trustee without selling any of the debtors assets

According to DMGT it will have no liability for the legal costs it incurred with Xceligent.

Other sources to check out regarding the Chapter 7 Filing of Xceligent

https://www.bisnow.com/national/news/commercial-real-estate/breaking-dmgt-to-shut-down-xceligent-82748

https://therealdeal.com/2017/12/14/xceligent-shuts-down-firm-files-for-chapter-7-source/

https://www.wsj.com/articles/property-data-firm-xceligent-files-for-chapter-7-protection-1513296157

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Tuesday, December 5, 2017

Espree Devora 🎙 thanks for following me on Twitter! https://t.co/AmPAqWaN3S


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Austin Texas Marijuana | Cannabis | Hemp Commercial Real Estate Property Listings https://t.co/itlAj4dcM6 https://t.co/vtmbXNavFA


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Austin Texas Marijuana | Cannabis | Hemp Commercial Real Estate Property Listings

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marijuana commercial property austinAs more studies are done on the medicinal benefits of marijuana (aka cannabis) more life-improving treatments are being found for people with serious health problems such as epilepsy, chronic pain, autism, aids, loss of appetite, post traumatic stress disorder, cancer, anxiety, etc. Many of these debilitating conditions are untreatable with conventional drugs which can also have intolerable or dangerous side effects. Some Texas patients have actually reported being able to stop taking these conventional drugs which in many cases are very expensive and not covered or only partially covered by insurance.

Thanks to the Compassionate Use Act which was approved over in 2015 oils made from cannabidiol for medical needs have been approved. Marijuana plants produce Cannabidiol however the oil does not produce a high or euphoria which is what marijuana is mostly known for.

Increase in Marijuana Related Commercial Real Estate Properties

As more states approve such uses you will also see a rise in commercial real estate properties that cater to the growing of marijuana. These commercial properties will typically be Austin industrial warehouse spaces which will allow companies to grow cannabis under tightly controlled environments. Also as Texas state laws relax retail spaces will start to pop up in Texas that sell marijuana for recreation use.

Texas Approved CBD Dispensaries 

  • Surterra Texas has a North Austin marijuana dispensary
  • Cansortium Texas
  • Compassionate Cultivation 

They have been licensed to cultivate, extract, and dispense marijuana that is less than .5% THC by weight. Also if Texas lawmakers ever relax the states rules on marijuana cultivation these companies will have an inside track since they are the first to reach commercialization.

Other articles to read regarding marijuana dispensaries in Texas and Austin 

  • https://www.austinchronicle.com/daily/news/2017-10-17/texas-is-about-to-get-its-first-marijuana-dispensary/
  • https://www.bizjournals.com/austin/news/2017/05/03/growing-soon-in-austin-medical-marijuana-bound-for.html

 

The post Austin Texas Marijuana | Cannabis | Hemp Commercial Real Estate Property Listings appeared first on Austin Tenant Advisors.

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Monday, December 4, 2017

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Preserve at 620 Office Space – 8201 N FM 620 Austin Tx 78726 https://t.co/OLRhvMetux https://t.co/scvhUuibvS


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Preserve at 620 Office Space – 8201 N FM 620 Austin Tx 78726

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preserve at 620 northwest austin office spacePreserve at 620 office building is located in Northwest Austin at 8201 N FM 620. If you are looking for cutting edge creative office space in NW Austin this is the place to be. 

If you are interested in leasing Northwest Austin office space at Preserve at 620 give us a call at 512-861-0525 and we can help you negotiate the best deal possible.

Building Size – 220,000 RSF of newly renovated creative office space

Building Height – 1 story

Typical Floor Plate – 50,000 to 215,000 sf

Parking – Parking ratio 5/1,000 sf. 

Amenities – 23 foot ceiling heights, fitness Center with showers, rooftop terrace, 16k sf outdoor courtyard, sport courts, dog runs, bike shop and storage, running trail, tenant gardens

For Austin office leasing rates and info on available spaces give us a call and we will help you find the perfect office space at Preserve at 620 in Northwest Austin.

The post Preserve at 620 Office Space – 8201 N FM 620 Austin Tx 78726 appeared first on Austin Tenant Advisors.

Why Use a Tenant Rep Broker https://t.co/OyCzxSQf5Z https://t.co/dgepLM2bSp


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Why Use a Tenant Rep Broker

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why use a tenant rep brokerSearching for and finding the right commercial real estate for rent can be very time consuming and costly if you don’t know what you are doing. You already have a lot on your plate running a business so the last thing you have time for is looking for commercial rentals on your own. That is why you should enlist the help of a tenant rep broker. They are invaluable when searching for commercial space and with the experience, tools, and relationships they have you will get the best possible deal. below are a few reasons why you should use a tenant rep broker:

1. Tenant Rep Brokers Can Help You Determine Your Needs

You might have a general idea of what you want when it comes to renting commercial space however how do you know for sure if a particular space is right for you? Tenant rep brokers have a lot of experience in leasing office, retail, and warehouse space and can help you figure out what you really need. They will ensure that you consider your current and future needs and find a balance between the two so you do not lease too much or too little space.

2. Tenant Rep Brokers Will Ensure You Don’t Pay Too Much

Finding a great space is just one piece of the puzzle. You also need to ensure that you get a good deal. If you don’t do leasing all year long how do you know if the deal you got is a good one? A good tenant rep broker will be experienced in the market and have years of experience which means they can tell you if a deal if good or overpriced. They also have relationships with landlords in town so they can negotiate on your behalf to get better terms and rental rates.

3. Not All Commercial Properties Are On Loopnet

Not every available space will be public knowledge. Some tenants might not be renewing their leases which mean their spaces will become available in 6-12 months. However you won’t find that out until the space has already been leased up. Many times the best spaces are leased up long before they are advertised. Tenant rep brokers typically know about potentially available spaces long before they are advertised and BEFORE you will know about them.

4. Tenant Brokers Service Cost You Nothing

Having a tenant rep broker help you find space does not have a negative impact on the deal you get. If you tell a landlord that you are representing yourself and ask for the rental rate you will find that the rental rate is the same as the tenant rep broker told you it would be. There is absolutely no cost for you to hire a tenant representative as the landlords cover the cost. However they represent your best interests. 

5. Commercial Real Estate Leasing Is Complex and Time Consuming

When leasing commercial real estate you will hear a bunch of complicated acronyms and terms. Not knowing what they mean can put you at a disadvantage when negotiating against a landlord our listing agent that does know. Tenant rep brokers can help educate you and take the mystery out of the process to ensure you understand and make the best decisions. Having a good commercial real estate tenant representative in your corner can help you save time and avoid costly mistakes.

The post Why Use a Tenant Rep Broker appeared first on Austin Tenant Advisors.

Westview Office Space – 316 W 12th Street Austin Tx 78701 https://t.co/DEq56I3qrm https://t.co/jFrKBoUPWv


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Westview Office Space – 316 W 12th Street Austin Tx 78701

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westview office building austin txWestview office building is located in downtown Austin at 316 W 12th St, Austin, Tx 78701. If you are looking to be close to the Texas State Capital this is the place to be. 

If you are interested in leasing downtown Austin office space at Westview give us a call at 512-861-0525 and we can help you negotiate the best deal possible.

Building Size – 98,500 RSF of newly renovated class A office space

Building Height – 6 stories

Typical Floor Plate – 15,470 RSF

Parking – Parking ratio 1.16/1,000 sf. Garage parking also available

Amenities – Fitness Center with showers, rooftop terrace, building conference room, bike lockers, private outdoor space

Walking Distance To – The capital, The University of Texas, Dell Medical School, Downtown Austin entertainment district, and public transportation

westview office 316 w 12th austin txTransportation – Metro bus stops including rapid line

For Austin office leasing rates and info on available spaces give us a call and we will help you find the perfect office space at Westview in downtown Austin.

The post Westview Office Space – 316 W 12th Street Austin Tx 78701 appeared first on Austin Tenant Advisors.

Wednesday, November 29, 2017

barristerLambert thanks for following me on Twitter! https://t.co/fJhu0nzfme


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You Don’t Need to Rent as Much Office Space as You Think! https://t.co/gZXNe6XsBc https://t.co/FeGLBfhG3W


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You Don’t Need to Rent as Much Office Space as You Think!

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don't need too much office spaceWhen trying to reduce their office space rent costs many companies focus too much on only getting the lowest rental rates possible. What they seem to overlook is the fact that they don’t actually need as much office space as they think. 

If more companies would shift their focus to the actual square footage that they need and how efficiently the space could be built out and used they would be able to generate significant costs savings. 

Depending on the market you are in you may not have as much leverage in rent negotiations, however what you do have complete control over is the amount of space that you rent.

Efficiency is Key When Renting Office Space

Even in a down market where rental rates are low it’s still important to avoid leasing too much space. Before you begin looking for space consider doing a thorough space evaluation and determine your ideal layout, as well as how you will use the space. After being interviewing about your current and future needs and use a good space planner or architect can create a program for you to help you determine the exact size space you need.

Think about the job functions and needs of each employee. If you spend some time in the planning phase you will uncover some ways to reduce your office space size and still maintain productivity in a smaller space. Also if you reduce your size you might find that you can now afford a nicer class A office space.

When you are ready to find and rent office space you absolutely want to find the best location and negotiate the lowest rental rate possible. However don’t forget that you have more control over how much space you rent. Don’t get caught in the moment and lease more space than you really need.

The post You Don’t Need to Rent as Much Office Space as You Think! appeared first on Austin Tenant Advisors.

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One of the biggest mistakes I see companies make when renting warehouse space is that they start their search too late https://t.co/hTlLOsNhgG


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Tuesday, November 28, 2017

Are you interested in getting on Shark Tank? Check out this post that has all of the questions ever asked by the Sharks https://t.co/XOenPZAxUZ https://t.co/8lzclynCU7


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Virtual Reality Changing How We View Commercial Real Estate https://t.co/u8nUtmwtCB https://t.co/H3P77lbFm2


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Virtual Reality Changing How We View Commercial Real Estate

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virtual reality in commercial real estateWhen looking for commercial real estate to lease or purchase how many hours have you spent looking at office space photos or physically touring the spaces? If you have been in the commercial real estate business as long as I have or are a company that has leased a few commercial properties you have probably spent many hours looking at commercial spaces before deciding which one is right for your business. Well Virtual Reality is about to change all that.

What is Virtual Reality?

Virtual Realty (VR) is a computer generated technology that allows you to see 3 dimensional images or environments that you can seemingly or physically interact with using headsets, glasses with a screen inside, or other electronic equipment. Virtual reality is currently known more for the gaming industry however some companies are testing the new technology in residential and commercial real estate

Virtual Reality Technology and Commercial Real Estate

Current marketing practices for properties of most commercial real estate companies is by posting videos, photos, and flyers on the internet for people to see their commercial spaces that they have available for lease or sale. For the tenant or buyer the only way to get a real feel for the property is to physically see it. With VR the prospect may not even have to be in the same zip code of the property to see it. From their office or home they can put on the VR glasses and feel like they are physically in the space.

If it works out using virtual reality in commercial real estate can be a game changer and make previewing commercial spaces much easier and faster. VR will change the way commercial tenants do their commercial property site selection and planning before having to physically tour commercial spaces. This will also be a great tool for investors looking to buy commercial investment properties in different cities, states, or countries.

There are some major steps to climb however as the VR technology gets better more and more commercial real estate companies will experiment with ways to improve their ability to lease and sell properties. There may not even be a need to visit some commercial properties before leasing or buying them as you will be able to see everything you need to see by just putting on some VR glasses. You can even buy or lease space across the country.

With VR these CRE firms will be able to actually PUT a potential buyer or tenant in the space, enabling them to look around and get an idea of what it would be like to occupy and work in the space. Then within an instant the prospect could be PUT into another property for viewing. VR has the ability to capture the attention of prospects for up to 5 minutes or longer.

Other uses for virtual reality in commercial real estate will be to see raw land, touring to be built properties, looking at building interior mockups, etc. And all this can be done without having to spend money on travel back and forth. 

Seeing Commercial Spaces with VR Can Save Time and Money

Most decision makers have a lot on their plate and having to fly or drive across the country to look at multiple locations is very time consuming. However by being able to virtual tour commercial spaces they will be able to view spaces across different cities all within minutes thus saving valuable time. 

Also when touring spaces it can be hard to envision how it would work for your company once it’s finished out with a different layout, furniture, etc. VR will allow tenants to view sample floor plans so they can see what an unfinished space would look like after the build-out is completed.

I don’t think that physical tours of commercial spaces will go away however virtual reality will cut down on the time needed to physically tour them. VR is still new and the cost cost and expertise is high which will making adopting the use of VR slow. However as the costs go down you will eventually see more commercial property owners using it so that buyers and tenants can more easily view their spaces.

 

 

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Renting commercial space will be one of your largest expenses when running a business so it’s important that you know what to negotiate https://t.co/5nCgxORNCL


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One of the biggest mistakes I see companies make when renting warehouse space is that they start their search too late https://t.co/hTlLOsNhgG


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Monday, November 27, 2017

Are you interested in getting on Shark Tank? Check out this post that has all of the questions ever asked by the Sharks https://t.co/XOenPZAxUZ https://t.co/ZbLjlD7Sdu


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Centennial Towers Office Space – 505 E Huntland Dr Austin Tx 78752 https://t.co/tCxrF6IpzU https://t.co/sXC0VDFDQN


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Centennial Towers Office Space – 505 E Huntland Dr Austin Tx 78752

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centennial towers austin txCentennial Towers office building is located in North Central Austin at 505 E Huntland Drive. If you are looking for a Class A building with value oriented rates this is the place. 

If you are interested in leasing Austin office space at Centennial Towers give us a call at 512-861-0525

Building Size – 156,293 RSF

Building Height – 6 stories

Typical Floor Plate – 26,048 RSF

Parking – Parking ratio 4/1,000 sf. Garage parking available

Amenities – Building conference room, fitness Center with showers, steam room, and lockers

Walking Distance To – Several restaurants, ACC Highland Mall Campus, commuter rail, and public transportation

Transportation – Easy Access to IH-35, Hwy 290, and US Hwy 183. 10 minutes to downtown Austin. 

For rates and info on available spaces give us a call and we will help you find the perfect office space at Centennial Towers in North Central Austin

The post Centennial Towers Office Space – 505 E Huntland Dr Austin Tx 78752 appeared first on Austin Tenant Advisors.

What is a HUBZone and How Do I Find Out Where They Are? https://t.co/uiOLUDVa54 https://t.co/GXPvC1fkmd


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What is a HUBZone and How Do I Find Out Where They Are?

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hubzone austin tx

HUBZones (Historically Underutilized Business Zones) are programs created by the Small Business Administration (SBA) to help companies expand and grow in economically distressed communities by promoting job growth, economic development, and capital investment. They do this by providing small businesses that operate and employ people in these  economically challenged communities contracting opportunities that they would not otherwise have access to. The federal government’s goal is to award 3% of federal contracts to companies that operate in HUBZone map locations

If you need to buy or lease Austin commercial real estate in a HUBZone give us a call at 512-861-0525 and we can help you find the right space for your business.

Criteria to Qualify For HUBZone Designation

  1. Must be a Small business based on NAICS (North American Industry Classification System)
  2. U.S. Citizens must own at least 51% of the business
  3. The main head quarters must be located in a HUBZone
  4. 35% of the businesses employees must live in the HUBZone

Where are Hubzones in Austin Texas Located?

In Austin you will find most of the Hubzones in Central Austin, East Austin, Northeast Austin, and Southeast Austin. If you are a business that is looking to take advantage of the Austin HUBZones then you will want to make sure you focus on the areas outline in the photo or if you enter your city or specific address you will be able to see if your ideal location falls within the HUBZone in Austin, Texas

If you need help finding Austin commercial office spaces for lease or purchase in a HUBZone feel free to contact us for help.

The post What is a HUBZone and How Do I Find Out Where They Are? appeared first on Austin Tenant Advisors.

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Renting commercial space will be one of your largest expenses when running a business so it’s important that you know what to negotiate https://t.co/5nCgxORNCL


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One of the biggest mistakes I see companies make when renting warehouse space is that they start their search too late https://t.co/hTlLOsNhgG


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Sunday, November 26, 2017

Are you interested in getting on Shark Tank? Check out this post that has all of the questions ever asked by the Sharks https://t.co/XOenPZAxUZ https://t.co/kwv7etIPa1


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Renting commercial space will be one of your largest expenses when running a business so it’s important that you know what to negotiate https://t.co/5nCgxORNCL


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One of the biggest mistakes I see companies make when renting warehouse space is that they start their search too late https://t.co/hTlLOsNhgG


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Saturday, November 25, 2017

Are you interested in getting on Shark Tank? Check out this post that has all of the questions ever asked by the Sharks https://t.co/XOenPZAxUZ https://t.co/OzWhYq22xh


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Renting commercial space will be one of your largest expenses when running a business so it’s important that you know what to negotiate https://t.co/5nCgxORNCL


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One of the biggest mistakes I see companies make when renting warehouse space is that they start their search too late https://t.co/hTlLOsNhgG


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Friday, November 24, 2017

Are you interested in getting on Shark Tank? Check out this post that has all of the questions ever asked by the Sharks https://t.co/XOenPZAxUZ https://t.co/hets4gYfgN


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Renting commercial space will be one of your largest expenses when running a business so it’s important that you know what to negotiate https://t.co/5nCgxORNCL


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One of the biggest mistakes I see companies make when renting warehouse space is that they start their search too late https://t.co/hTlLOt4S8e


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Thursday, November 23, 2017

Are you interested in getting on Shark Tank? Check out this post that has all of the questions ever asked by the Sharks https://t.co/XOenPZAxUZ https://t.co/e2T7PJvl1p


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Renting commercial space will be one of your largest expenses when running a business so it’s important that you know what to negotiate https://t.co/5nCgxORNCL


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One of the biggest mistakes I see companies make when renting warehouse space is that they start their search too late https://t.co/hTlLOsNhgG


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Wednesday, November 22, 2017

The Setup thanks for following me on Twitter! https://t.co/7eALK7p12A


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Are you interested in getting on Shark Tank? Check out this post that has all of the questions ever asked by the Sharks https://t.co/XOenPZAxUZ https://t.co/7HQ3fX291w


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Renting commercial space will be one of your largest expenses when running a business so it’s important that you know what to negotiate https://t.co/5nCgxOAceb


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One of the biggest mistakes I see companies make when renting warehouse space is that they start their search too late https://t.co/hTlLOt4S8e


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Tuesday, November 21, 2017

Cityline at MLK Station East Austin Office Space For Rent – 2900 E Martin Luther King Jr… https://t.co/00VPmP4jP5 https://t.co/SI8VGo9GoM


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Cityline at MLK Station East Austin Office Space For Rent – 2900 E Martin Luther King Jr Blvd

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cityline at mlk stationCityline at MLK Station is a creative office building located in East Austin at 2900 E Martin Luther King Jr Blvd. If you are interested in leasing office space in East Austin at Cityline give us a call at 512-861-0525

Building Size – 181,000 RSF

Creative Office Space – 134,000 RSF

Ground Floor Retail – 11,000 RSF

Residential – 36,000

Typical Floor Plate – 3,530 to 35,000 RSF

Parking – Parking ratio 3.5/1,000 sf. 

Amenities – Dog friendly office space, MLK Jr MetroRail Stop, Bike storage, outdoor space with free wifi, rooftop terrace, showers, 

Transportation – Minutes to downtown, UT, and Dell Med Center and tenants can use the onsite MetroRail stop

Ckityline at MLK was designed for tenants who seek creative office space with designs such as  open ceilings and stained concrete floors. This amazing location will make it easy for your employees to take advantage of Austin’s public transportation whether you want to go to visit office tenants at Domain 11 or in Downtown Austin.

For rates and info on available spaces give us a call and we will help you find the perfect creative office space in East Austin at Cityline. 

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Domain 11 Office Space for Rent – 3110 Esperanza Crossing Austin Tx 78758 https://t.co/lCyklqKG21 https://t.co/te8SoFWjFG


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Domain 11 Office Space for Rent – 3110 Esperanza Crossing Austin Tx 78758

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office space for rent domain 11 austinDomain 11 Office Building is located in North Austin at 3110 Esperanza Crossing. If you are interested in leasing Austin office space at Domain 11 give us a call at 512-861-0525

Building Size – 315,862 RSF

Building Height – 15 stories

Typical Floor Plate – 33,396 RSF

Parking – Parking ratio 4/1,000 sf. Garage parking on levels 1-6

Amenities – Fitness Center with showers, Bike storage, jogging trails, 18,000 sf of outdoor park space, floor to ceiling windows

Walking Distance To – Whole Foods, Archer Austin hotel, Rock Rose Blvd

For rates and info on available spaces give us a call and we will help you find the perfect office space at the Domain in Austin, Tx.

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Domain 12 Office Space For Rent – 3110 Esperanza Xing https://t.co/DMu0dV0ZpJ https://t.co/KpzELJKD5R


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Domain 12 Office Space For Rent – 3110 Esperanza Xing

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domain 12 office space for rent Austin TxDomain 12 Office Building is located in North Austin at 3110 Esperanza Xing. At 17 stories It will be the tallest office building at the Domain. If you are interested in leasing office space at Domain 12 give us a call at 512-861-0525

Building Size – 320,102 RSF

Building Height – 17 stories

Typical Floor Plate – 33,405 RSF

Parking – Parking ratio 3.8/1,000 sf. Garage parking on levels 1-8

Amenities – Bike storage, Showers, jogging trails, 35,000 sf of outdoor park space

Walking Distance To – Whole Foods, Archer Austin hotel, Rock Rose Blvd

For rates and availabilities give us a call and we will help you find the perfect Domain office space.

 

 

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How Much Does it Cost to Use a Tenant Representation Broker?

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Costs to Consider When Buying Commercial Real Estate Property https://t.co/9WPVQ3qECa https://t.co/Sdhd1lMtJ5


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Costs to Consider When Buying Commercial Real Estate Property

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costs to buy commercial propertyWhen purchasing commercial property you will incur other costs in addition to the actual sale price. Below are a few costs to consider that you will have to pay during the due diligence period before the closing and costs incurred during the actual purchase process.

  • Phase 1 Environmental – This is an environmental report on the commercial property. Typically the commercial buyer pays for this. The cost typically run between $1,500 and $2,500 for good locations. For poor property sites the costs could be even more.
  • Appraisal – When borrowing money from a bank they will require that you get an appraisal done. Buyers typically pay for the commercial appraisal. Depending on the size of the property they can start at around $2,000 and go up from there.
  • Survey – If there is no existing survey a buyer would want to have one created. The cost depends on the size of the land & improvements and is typically paid for by the buyer, however in some cases you can get the seller to reimburse for part of the cost. As an example for a 5 acre commercial property it would be $5,000 to $7,000.
  • Loan Origination Fees – If you are purchasing the commercial real estate property via a bank loan you might be required to pay a loan origination fee. This is typically 1/2 to 1% of the loan amount. Depending on the size and terms of the loan there maybe other lender fees as well.

If you have not purchased commercial real estate before it would be a good idea to get help from a commercial real estate broker. They can help you navigate the process of buying and selling your commercial property and give you valuable market information. There are also other things you need to know when buying commercial real estate

If you have any questions about this don’t hesitate to give us a call.

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What Costs to Expect When Budgeting Commercial Office Space Build-Out https://t.co/MStzGGkysK https://t.co/vvxycreM5k


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What Costs to Expect When Budgeting Commercial Office Space Build-Out

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commercial office buildout budgetBefore signing a commercial office space lease it’s important that the tenant or the landlord get a preliminary construction bid to see how much the tenant improvement allowance will cover and how much out of pocket (if any) the tenant has to come. This way there are no surprises later and the tenant does not spend more than they were prepared to spend.

Major categories that go into a preliminary commercial finish out bid and their percent of total costs

  • Hard Costs – Will be 75% to 85% of your construction budget. They will always be the largest piece because they include the actual construction of the space and the costs depend on the size of the space and quality or level of finishes. They typically cover the mechanical, electrical, plumbing, paint, flooring, drywall, doors and windows, and framing.
  • Soft Costs – 8% to 12% of total costs. Are things such as architectural fees, legal fees, engineering fees, TAS ADA review, permit expediting, reimbursables. Typically easier to estimate than hard costs
  • Vendor Costs – Typically 5% to 10% of total budget. Items such as furniture, data and phone cabling, security, moving, and signage costs are vendor costs. It can sometimes be negotiated to have the tenant improvement allowance cover these items however typically the tenant pays for them.
  • Contingency Allowance – 5% to 10% of budget. The reserve of money that is added to a project budget to cover unforeseen expenses and changes. Also covers scope creep which are items that are added after the fact.
  • Project Management Fee – This ranges between 3% and 5% of total costs. Project managers help you mange the project, help with the schedule, budget, and quality of project.

Those are the primary categories and percentage of costs. To see the average sf price for tenant finish outs go here.

 

 

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How and Where to Find Commercial Real Estate Listings https://t.co/gaCyzmWQPz https://t.co/ASpggl20GJ


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How and Where to Find Commercial Real Estate Listings

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how to find commercial real estate listingsWhen you own or manage a business at some point you will to need to find commercial real estate listings for lease or sale. Depending on the city you are in finding commercial real estate can be difficult especially in large metropolitan areas where there can be multiple thousands of commercial buildings and spaces.  For example there are over 3,000 Austin commercial real estate property listings with over 6,000 spaces. If you need help finding commercial space in Austin give us a call 512-861-0525.

Most companies that need business space fall into one or more of the categories below:

  • Local Start up or new business needing space for the first time
  • Existing local company that needs to expand and/or relocate
  • Out of town company looking to open a satellite office in a new city
  • Out of town company looking to relocate head quarters to a new city

If you are not familiar with the city you need space in you may not know where to find commercial real estate listings that are right for your business. Of course you will see for lease signs on every street corner however how do you know if those particular buildings have the size, layout, and pricing that meets your needs? The only way to find out is if you call and email every commercial real estate listing agent, which can take many hours of your time.

How to Find Commercial Real Estate

  1. The best way to find commercial real estate is to hire a local commercial real estate agent that specializes in the type of space that you are looking for. A tenant representative or buyers rep can save you a ton of time and their services typically don’t cost you anything as they split a commission that is already being paid to the landlord agent. Their fiduciary duty is to help you ask all the right questions, find the right space, and negotiate the best deal. Once you tell them about your companies space needs they will do all the work to find commercial space which would include calling all of the landlords in your desired area to ensure that what they have listed is still available, confirm pricing, gather floor plan, schedule tours, etc. They will then present you information on only those spaces that meet your ideal location, size, timing, and budget.
  2. Search on your own or have one of your employees search for space by driving around calling on for lease signs or searching the internet. You can certainly go this route however keep in mind the time and effort that you will be spending doing this on your own. Especially if you are not familiar with the area or not sure what questions to ask the landlords. 

commercial real estate listings austinWhere Can I Find Commercial Real Estate Listings

Over the past few years there have been a lot of online commercial real estate listing sites pop up that are basically lead magnets. The data is almost always outdated or they leave out important listing details like whether a property is full service or a triple net (NNN) lease which causes a lot of confusion for tenant and buyers. They can sometimes be a good place to start however don’t assume the data is correct until you confirm it with an agent. Below are a few of these websites. 

  • Loopnet
  • rofo
  • 42floors
  • thesquarefoot
  • realmassive
  • suitedeals
  • cityfeet
  • officespace . com
  • craigslist office and commercial
  • commercial search . com

If you plan on searching online for listings then Loopnet is probably your best bet. However keep in mind the data can be misleading. I once had someone tell me they found a great retail space on Loopnet that was only $35 sf in downtown Austin. Not until after they signed a lease they found out that in addition to the $35 sf they also had to pay $15 sf for the operating expenses or NNN. This was a costly mistake that cost them thousands.

If your going to do this on your own make sure you do your homework and ask all the right questions to ensure you don’t make costly mistakes. Otherwise consider hiring a commercial real estate finder that will listen to your needs, find you the right space, help you negotiate the best deal, and ensure you avoid making costly mistakes.

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