Third party logistics also known as 3PL or TPL is when a company uses a third party business to outsource parts of the company’s fulfillment & distribution services, rather than secure their own industrial space for rent. Third party logistics service providers commonly specialize integrated operations, transportation, and warehousing services that can be customized and …
When buying or leasing commercial real estate you will often come across a space that is in plain vanilla shell condition. Other terms you may have heard are cold dark shell, warm shell space, grey shell, etc. As you can see it can get kind of confusing and to make it more interesting the definitions …
Plain Vanilla Shell Condition Meaning in Commercial Real Estate Read More »
When you are in the retail sales business you typically have a main service or product that you sell that may comprise of 50% or more of your total sales. Ancillary retail services are either different from, enhance, or support the main services/products of a company. They are essentially revenue generated from the sale of …
What the Definition of Ancillary Retail Sales & Services Means Read More »
Flex space will never compare to the look and feel of traditional office space however across the country renting flex space is on the rise. And they are attracting companies in all types of industries including software and technology companies. For example in Austin Tx flex space is half the cost of traditional Class B …
Flex Space is the Future of Office & Storage Needs Read More »
You have heard it before however I will say it again. If you want to recruit and retain the best employees then your office space design needs to focus on employee engagement. Employees want to feel like they are valued team members and they want to be productive and satisfied, however many work environments and …
The Future of Office Space Design Focuses on Employee Engagement Read More »
So you are a new business or startup and ready to lease your first commercial real estate space, however with little track record and little to no revenue how will you be able to get the landlord comfortable with having you as a tenant? Most landlords are hesitant to lease commercial space to startups as …
How to Get Out of a Personal Guarantee on a Commercial Lease Read More »
When signing a commercial real estate lease (office space, retail space, warehouse space) you are typically committing to either 3 year, 5 year, or sometimes longer lease contract and you are legally obligated to fulfill the entire obligation regardless of whether or not your business succeeds or fails. You have the best intentions to create …
How to Get Out of a Commercial Real Estate Lease Read More »
When searching for office space the first thing most people is search online which typically involves using google to search office space for rent. The first thing you will see is a laundry list of office space listing sites with hundreds of listings for office space for lease all across the city near you. These …
When searching for office space for rent the spaces you look at will typically need some sort of upgrades. You might get lucky and find one that is move in ready and exactly the way you want it, however in most cases they will need new carpet, new paint, walls removed, new walls built, new …
When Renting Office Space Who is Responsible For Upgrades? Read More »
Tenants have been leasing commercial real estate for over 200 years however there are still many myths or misunderstandings about the industry and how the process works. For example many tenants think they have to pay for 100% of the tenant improvement costs when renting commercial real estate property in Austin, Tx. They don’t realize …
Common Myths Dispelled About Leasing Commercial Real Estate Read More »
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