barristerLambert thanks for following me on Twitter! https://t.co/fJhu0nzfme
— Nathan K Smith (@AustinTenantAdv) November 29, 2017
from Twitter https://twitter.com/AustinTenantAdv
This blog was created to provide information about the Austin Commercial Real Estate scene. If you want to learn information and tips about leasing and purchasing office, retail, and industrial space in Austin you have come to the right place
barristerLambert thanks for following me on Twitter! https://t.co/fJhu0nzfme
— Nathan K Smith (@AustinTenantAdv) November 29, 2017
You Don’t Need to Rent as Much Office Space as You Think! https://t.co/gZXNe6XsBc pic.twitter.com/FeGLBfhG3W
— Nathan K Smith (@AustinTenantAdv) November 29, 2017
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When 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.
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.
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
— Nathan K Smith (@AustinTenantAdv) November 29, 2017
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
— Nathan K Smith (@AustinTenantAdv) November 29, 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 pic.twitter.com/8lzclynCU7
— Nathan K Smith (@AustinTenantAdv) November 29, 2017
Virtual Reality Changing How We View Commercial Real Estate https://t.co/u8nUtmwtCB pic.twitter.com/H3P77lbFm2
— Nathan K Smith (@AustinTenantAdv) November 28, 2017
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When 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.
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
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.
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.
The post Virtual Reality Changing How We View Commercial Real Estate appeared first on Austin Tenant Advisors.
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
— Nathan K Smith (@AustinTenantAdv) November 28, 2017
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
— Nathan K Smith (@AustinTenantAdv) 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 pic.twitter.com/ZbLjlD7Sdu
— Nathan K Smith (@AustinTenantAdv) November 28, 2017
Centennial Towers Office Space – 505 E Huntland Dr Austin Tx 78752 https://t.co/tCxrF6IpzU pic.twitter.com/sXC0VDFDQN
— Nathan K Smith (@AustinTenantAdv) November 27, 2017
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Centennial 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 pic.twitter.com/GXPvC1fkmd
— Nathan K Smith (@AustinTenantAdv) November 27, 2017
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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.
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.
pridetechdesign thanks for following me on Twitter! https://t.co/VHQJHiLdlD
— Nathan K Smith (@AustinTenantAdv) November 27, 2017
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
— Nathan K Smith (@AustinTenantAdv) November 27, 2017
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
— Nathan K Smith (@AustinTenantAdv) 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 pic.twitter.com/kwv7etIPa1
— Nathan K Smith (@AustinTenantAdv) November 27, 2017
LionQuotes thanks for following me on Twitter! https://t.co/UXkcFTo9aY
— Nathan K Smith (@AustinTenantAdv) November 26, 2017
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
— Nathan K Smith (@AustinTenantAdv) November 26, 2017
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
— Nathan K Smith (@AustinTenantAdv) 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 pic.twitter.com/OzWhYq22xh
— Nathan K Smith (@AustinTenantAdv) November 26, 2017
VisionLED thanks for following me on Twitter! https://t.co/JlotkEzhGV
— Nathan K Smith (@AustinTenantAdv) November 25, 2017
LionQuotes thanks for following me on Twitter! https://t.co/UXkcFTo9aY
— Nathan K Smith (@AustinTenantAdv) November 25, 2017
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
— Nathan K Smith (@AustinTenantAdv) November 25, 2017
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
— Nathan K Smith (@AustinTenantAdv) 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 pic.twitter.com/hets4gYfgN
— Nathan K Smith (@AustinTenantAdv) November 25, 2017
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
— Nathan K Smith (@AustinTenantAdv) November 24, 2017
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
— Nathan K Smith (@AustinTenantAdv) 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 pic.twitter.com/e2T7PJvl1p
— Nathan K Smith (@AustinTenantAdv) November 24, 2017
JJ Yosh • Adventurer thanks for following me on Twitter! https://t.co/AVKKiCKbCg
— Nathan K Smith (@AustinTenantAdv) November 23, 2017
KarenYankovich thanks for following me on Twitter! https://t.co/8Ntmicja6p
— Nathan K Smith (@AustinTenantAdv) November 23, 2017
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
— Nathan K Smith (@AustinTenantAdv) November 23, 2017
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
— Nathan K Smith (@AustinTenantAdv) November 23, 2017
The Setup thanks for following me on Twitter! https://t.co/7eALK7p12A
— Nathan K Smith (@AustinTenantAdv) 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 pic.twitter.com/7HQ3fX291w
— Nathan K Smith (@AustinTenantAdv) November 23, 2017
SCORE Willamette thanks for following me on Twitter! https://t.co/PyUE23piWZ
— Nathan K Smith (@AustinTenantAdv) November 22, 2017
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
— Nathan K Smith (@AustinTenantAdv) November 22, 2017
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
— Nathan K Smith (@AustinTenantAdv) November 22, 2017
Cityline at MLK Station East Austin Office Space For Rent – 2900 E Martin Luther King Jr… https://t.co/00VPmP4jP5 pic.twitter.com/SI8VGo9GoM
— Nathan K Smith (@AustinTenantAdv) November 22, 2017
GetMeOutOfHere thanks for following me on Twitter! https://t.co/Vlf2Z7YUza
— Nathan K Smith (@AustinTenantAdv) November 22, 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 pic.twitter.com/iPs84cqYZS
— Nathan K Smith (@AustinTenantAdv) November 22, 2017
The following post is copyrighted by Austin Tenant Advisors - .
Cityline 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.
The post Cityline at MLK Station East Austin Office Space For Rent – 2900 E Martin Luther King Jr Blvd appeared first on Austin Tenant Advisors.
Domain 11 Office Space for Rent – 3110 Esperanza Crossing Austin Tx 78758 https://t.co/lCyklqKG21 pic.twitter.com/te8SoFWjFG
— Nathan K Smith (@AustinTenantAdv) November 22, 2017
The following post is copyrighted by Austin Tenant Advisors - .
Domain 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.
The post Domain 11 Office Space for Rent – 3110 Esperanza Crossing Austin Tx 78758 appeared first on Austin Tenant Advisors.
Domain 12 Office Space For Rent – 3110 Esperanza Xing https://t.co/DMu0dV0ZpJ pic.twitter.com/KpzELJKD5R
— Nathan K Smith (@AustinTenantAdv) November 22, 2017
The following post is copyrighted by Austin Tenant Advisors - .
Domain 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.
The post Domain 12 Office Space For Rent – 3110 Esperanza Xing appeared first on Austin Tenant Advisors.
How Much Does it Cost to Use a Tenant Representation Broker? https://t.co/sLJIEOZhzU pic.twitter.com/4Vtm7isEnY
— Nathan K Smith (@AustinTenantAdv) November 21, 2017
CrowdUK thanks for following me on Twitter! https://t.co/tj6sZFdBtK
— Nathan K Smith (@AustinTenantAdv) November 21, 2017
Costs to Consider When Buying Commercial Real Estate Property https://t.co/9WPVQ3qECa pic.twitter.com/Sdhd1lMtJ5
— Nathan K Smith (@AustinTenantAdv) November 21, 2017
The following post is copyrighted by Austin Tenant Advisors - .
When 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.
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.
The post Costs to Consider When Buying Commercial Real Estate Property appeared first on Austin Tenant Advisors.
What Costs to Expect When Budgeting Commercial Office Space Build-Out https://t.co/MStzGGkysK pic.twitter.com/vvxycreM5k
— Nathan K Smith (@AustinTenantAdv) November 21, 2017
The following post is copyrighted by Austin Tenant Advisors - .
Before 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.
Those are the primary categories and percentage of costs. To see the average sf price for tenant finish outs go here.
The post What Costs to Expect When Budgeting Commercial Office Space Build-Out appeared first on Austin Tenant Advisors.
One Ocean Bahamas thanks for following me on Twitter! https://t.co/WoHCMIutPg
— Nathan K Smith (@AustinTenantAdv) November 21, 2017
How and Where to Find Commercial Real Estate Listings https://t.co/gaCyzmWQPz pic.twitter.com/ASpggl20GJ
— Nathan K Smith (@AustinTenantAdv) November 21, 2017
The following post is copyrighted by Austin Tenant Advisors - .
When 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:
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.
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.
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.
The post How and Where to Find Commercial Real Estate Listings appeared first on Austin Tenant Advisors.
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
— Nathan K Smith (@AustinTenantAdv) November 21, 2017
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
— Nathan K Smith (@AustinTenantAdv) November 21, 2017
Agustin Argelich thanks for following me on Twitter! https://t.co/ZRKLivPBE7
— Nathan K Smith (@AustinTenantAdv) November 21, 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 pic.twitter.com/HlDnMU8IOo
— Nathan K Smith (@AustinTenantAdv) November 21, 2017
Amazon’s Purchase of Whole Foods Validates Relevance of Brick and Mortar Retail Stores https://t.co/yTtRJhrmCK pic.twitter.com/aT81Sfs0v3
— Nathan K Smith (@AustinTenantAdv) November 20, 2017
The following post is copyrighted by Austin Tenant Advisors - .
According to the Census Bureau of the Department of Commerce online retail sales (E-commerce sales) in the 3rd quarter of 2017 accounted for 9.1% of Total retail sales in the U.S. Additionally E-commerce sales increased 3.6% from the prior quarter (Q2 2017) AND had a 15% increase from the same quarter a year ago (Q3 2016). Compare that to a total retail sales increase of 1.1% and 4.3% respectively.
Not according to retail giants Target, Walmart, and yes, Amazon. Traditional retail brick and mortar stores will have a lot of work to do to meet the demands of modern shoppers however it seems that retail space real estate will remain at the heart of retailing for a long time. To continue to grow online platforms such as amazon must deal with high transportation costs that are incurred with free delivery offers and free returns.
According to hospitality and retail advising firm, IHL Group more new stores will open then close this year, especially from discount retailers such as T.J. Maxx and Marshalls.
Online retail sales still continue to have double digit year over year growth however at the end of the day consumers still like the convenience of walking into a store. While the stores maybe shrinking in size they won’t be going away anytime soon. If that were the case why would Amazon purchase Whole Foods?
The post Amazon’s Purchase of Whole Foods Validates Relevance of Brick and Mortar Retail Stores appeared first on Austin Tenant Advisors.
Justin Fehler thanks for following me on Twitter! https://t.co/kcsINoQcpL
— Nathan K Smith (@AustinTenantAdv) November 20, 2017
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
— Nathan K Smith (@AustinTenantAdv) November 20, 2017
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
— Nathan K Smith (@AustinTenantAdv) November 20, 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 pic.twitter.com/G0GcT47v1o
— Nathan K Smith (@AustinTenantAdv) November 20, 2017
YADA thanks for following me on Twitter! https://t.co/ml5A2ITZTZ
— Nathan K Smith (@AustinTenantAdv) November 19, 2017
Lavana Yoken thanks for following me on Twitter! https://t.co/B1SajIpa9S
— Nathan K Smith (@AustinTenantAdv) November 19, 2017
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
— Nathan K Smith (@AustinTenantAdv) November 19, 2017
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
— Nathan K Smith (@AustinTenantAdv) November 19, 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 pic.twitter.com/9V2r9hQC8T
— Nathan K Smith (@AustinTenantAdv) November 19, 2017
Lonnie Sciambi thanks for following me on Twitter! https://t.co/2c5adWUO6h
— Nathan K Smith (@AustinTenantAdv) November 18, 2017
Moora Salam thanks for following me on Twitter! https://t.co/DPNtXBcSM3
— Nathan K Smith (@AustinTenantAdv) November 18, 2017
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
— Nathan K Smith (@AustinTenantAdv) November 18, 2017
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
— Nathan K Smith (@AustinTenantAdv) November 18, 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 pic.twitter.com/4I8rdJvq6l
— Nathan K Smith (@AustinTenantAdv) November 18, 2017
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
— Nathan K Smith (@AustinTenantAdv) November 17, 2017
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
— Nathan K Smith (@AustinTenantAdv) November 17, 2017
Sandra Ryles thanks for following me on Twitter! https://t.co/SObKTizrYM
— Nathan K Smith (@AustinTenantAdv) November 17, 2017
Freenters thanks for following me on Twitter! https://t.co/3GjbWNYrLR
— Nathan K Smith (@AustinTenantAdv) November 17, 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 pic.twitter.com/TE9ydSMvOj
— Nathan K Smith (@AustinTenantAdv) November 17, 2017
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
— Nathan K Smith (@AustinTenantAdv) November 16, 2017
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
— Nathan K Smith (@AustinTenantAdv) November 16, 2017
T. L. Richardson thanks for following me on Twitter! https://t.co/6d7AkJih7v
— Nathan K Smith (@AustinTenantAdv) November 16, 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 pic.twitter.com/GEZ7xsvCkX
— Nathan K Smith (@AustinTenantAdv) November 16, 2017
Steiner Playbook thanks for following me on Twitter! https://t.co/wonGcrqRlY
— Nathan K Smith (@AustinTenantAdv) November 15, 2017
What is the Definition of Tenant Improvements & Build out? https://t.co/1hB7GNVdMv pic.twitter.com/eStBaUnQW8
— Nathan K Smith (@AustinTenantAdv) November 15, 2017
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Tenant improvements, also known as Leasehold improvements are the custom interior finish outs a landlord or tenant makes to a commercial rental space (office, retail, or warehouse space). The amount build out to be completed or the tenant allowance needed to do the tenant improvements is typically negotiated up front between the landlord and tenant and is part of the overall commercial lease agreement.
Before signing lease it’s important that you understand what the tenant improvements will cost because landlord will agree to only cover the cost of $xxx amount. If you are a new business you want to keep your costs low so you may want to find a space that does not need much interior finish out work. Depending on the spaces previous use the space could need A LOT of work or not much work at all to suit your needs. They key is however to get a preliminary construction bid before signing a lease so you have an idea of what the finish out cost will be AND how much of the tenant improvements the landlord is willing to pay for.
Also, as you plan your tenant improvements it’s important that you consider the company’s culture and how it will use the space. According to furniture company, Homes Direct 365 first impressions are everything. For both your current and future employees and clients. Branding in your entry ways, reception areas, and conference rooms are important and the use of furniture pieces, accent colors and lighting elements will help you emphasize your brand.
The cost of tenant improvements and the time needed to do them depends on the existing condition of the space. If it’s in shell condition (meaning it’s a brand new space that has never been built out) then the tenant improvements will be more expensive and take at least 3-4 months depending on the city you are in. If it’s 2nd generation space (meaning the space has been finished out and occupied before) it will typically cost less to do the tenant finishes and won’t take as long to do them. Now if you are completely changing everything in a 2nd generation space then then obviously the cost and time will increase.
Tenant improvements are required in most commercial spaces as it’s very rare that you find a space that meets your needs exactly. Some sort of interior build out will typically be needed. It’s important that you negotiate a favorable tenant improvement allowance with the landlord so you can minimize your out of pocket costs to cover the rest. Consider hiring a good architect that can help you determine what tenant finish outs you want to do.
If you have any questions about tenant interior build outs don’t hesitate to give us a call.
The post What is the Definition of Tenant Improvements & Build out? appeared first on Austin Tenant Advisors.
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Some companies that lease commercial space in Austin, Tx prefer to rent space in an old commercial house or home typically because they don’t like the corporate feel of a professional multistory office building. Before doing this it’s important to confirm that the house is zoned for commercial use otherwise they could be asked to move out even if they purchased the building or signed a long term lease. Finding an old house zoned for commercial use in Austin is not easy to find and renting them does have advantages and disadvantages. Most of the old houses have a lot of quirks and typically require more tenant or owner management than a traditional multi-tenant office building. Before deciding to lease a commercial house it’s important that you determine what sort of culture you want your company to have. What type of employees will you be recruiting? Depending on the type of industry you are in it could be hard to recruit employees (especially executive level) if you rent a commercial home. Renting old houses for commercial use is not for everyone. Below are a few advantages and disadvantages that you should consider before doing so.
Commercial houses in Austin, Tx are typically found in / around the central business district (aka around dowtown and central Austin). Depending on the location they can be used for office space or retail space. You can sometimes find them in suburban areas however in Austin it’s not as likely.
Those are just a few things to consider when leasing an old commercial house in Austin, Tx. If you need help finding office space in Austin feel free to give us a call at 512-861-0525
The post Austin Houses & Homes Rented for Commercial Space appeared first on Austin Tenant Advisors.
Austin Houses & Homes Rented for Commercial Space https://t.co/1GMR2PaaI9 pic.twitter.com/BBKEvm51BH
— Nathan K Smith (@AustinTenantAdv) November 15, 2017
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
— Nathan K Smith (@AustinTenantAdv) November 15, 2017
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
— Nathan K Smith (@AustinTenantAdv) November 15, 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 pic.twitter.com/lD3sEIGAPQ
— Nathan K Smith (@AustinTenantAdv) November 15, 2017
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
— Nathan K Smith (@AustinTenantAdv) November 14, 2017
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
— Nathan K Smith (@AustinTenantAdv) November 14, 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 pic.twitter.com/Srst2s99fS
— Nathan K Smith (@AustinTenantAdv) November 14, 2017
What is Commercial Real Estate? https://t.co/PUZtWgGjKQ pic.twitter.com/r43U20et8Q
— Nathan K Smith (@AustinTenantAdv) November 13, 2017
The following post is copyrighted by Austin Tenant Advisors - .
Welcome to the exciting world of commercial real estate! you know more about it than you realize. Do you shop? Do you enter office buildings? Do you live in an apartment? Perhaps you own or rent warehouse space, retail, or office space?
Unlike residential real estate, which is based upon personal desires, commercial real estate is leased or purchased by businesses who select the space they do because it is right for their business. Is there a reason a grocery store wants to be on a certain corner? Why do all the drugstores seem to be near each other? Why is their a Burger King next to every Mcdonald’s? Is one corner better than another? Is the location of the skilled labor pool critical for a large manufacturer? The answer to all of these questions is Yes!
The term commercial when referring to real estate can mean different things in different places. Most people use the term to refer to nonresidential property. In some cases, the brokerage of large multifamily properties such as apartment complexes, is included as part of commercial real estate because the brokerage is considered investment sales. The purchaser is typically an institutional investor, such as a pension fund, real estate investment trust (REIT), or a life insurance company.
In commercial real estate, there are even more avenues and more distinct types of avenues than in residential real estate. The following are some of the major categories of commercial real estate.
Keep in mind that these categories overlap and there can often be sub-specialties within each category. If you would like to know about the Austin commercial real estate market feel free to give us a call.
The post What is Commercial Real Estate? appeared first on Austin Tenant Advisors.
Leasing Commercial Space – Create a Monthly Budget and Stick to it! https://t.co/w2tJoZMZnM pic.twitter.com/B8Zkclmj8q
— Nathan K Smith (@AustinTenantAdv) November 13, 2017