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— Nathan K Smith (@AustinTenantAdv) October 26, 2018

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Examples & Photos of Office Space Amenities You Will Love

When planning to lease your next office space it’s important that you think about amenities that your employees will love. Ones that will make them want to come to work and encourage better collaboration and productivity. Below are a few office space amenities that you may want to consider incorporating into your next office build-out. I have toured pretty much every office space for lease in Austin and when I do I like to take a lot of photos of spaces that I think are cool and creative. If you would like to see more examples of creative office space photos feel free to 

Office Space With Exposed Ceiling

 

Creative Office With Polished Concrete

 

Office Building With Outdoor Green Area

 

Coffee Bar in Office Space

 

Office Space Outdoor Green Area

 

Office Space With Outdoor Seating

 

Office Space With Fitness Center

 

Creative Office Break Area

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— Nathan K Smith (@AustinTenantAdv) October 24, 2018

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— Nathan K Smith (@AustinTenantAdv) October 18, 2018

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— Nathan K Smith (@AustinTenantAdv) October 18, 2018

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How to Get the Best Deal On Austin Office Space For Lease

There is no question that Austin office space for lease has gotten more expensive over the last few years. Class A rates in downtown are averaging $60 to $65 sf. Class A space in the suburbs is averaging $40 to $46 sf. Class B space all over town is averaging $28 to $35 sf depending on the age of the building and location.

So in a Landlord’s market are Austin office leases still negotiable?

The short answer is YES if you know the market and know what you are doing.

What you have to keep in mind however is that negotiating the best deal on office leases is MORE than just about lease rates. You have to look at the deal as a whole as well as your current and future business needs.

For example besides lease rates you need to negotiate:

• Lease term and commencement dates
• Tenant improvement allowance enough to cover costs
• Test fit allowances
• Renewal options
• Expansion options
• Termination options if needed
• Who is responsible for repairs and maintenance (e.g. HVAC)
• Caps on expenses
• Security deposit
• Signage
• Sublease and assignment rights
• The lease contract itself

Getting the Best Office Lease Deal in Austin

1. Get a commercial agent to help you.

You are not going to save anything (time or money) by trying to do this on your own. There are millions of square feet of office space in Austin. The landlords agent is not going to negotiate for you as they represent the landlord. You want to make sure that you have someone representing your best interests.

2. Get your financials in order

The landlords perception of the strength of your financials will determine whether they want to lease you space AND how much leverage you will have to negotiate concessions.

3. Find out the building owners motivations

Ask a TON of questions. Are they willing to give a lower rate or free rent? Are they offering a tenant improvement allowance? Is the building for sale? What will the rent structure look like and are they flexible on that?

4. Get educated on market conditions

This is where having an agent can be very helpful. What are comparable buildings quoting vs what deals they are actually doing?

5. Always go to market

No matter if you are leasing space for the first time or renewing an existing lease, ALWAYS go through the process as if you are leasing space for the first time. You must compare your existing space to other alternatives

6. Start the process of find space sooner than you think

It’s taking much longer to find office space in Austin and negotiate the leases, especially if tenant improvements are necessary. If a permit is needed the City of Austin is taking 30-45 days to approve them! A good rule of thumb is to start searching for Austin office space at least 4-6 months before your ideal move in date or lease expiration date. If your space needs are much larger then at least 8-12 months.

 

How to get the best deal on an office lease from Austin Tenant Advisors

 

 

 

 

 

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— Nathan K Smith (@AustinTenantAdv) October 15, 2018

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