Leasing office space will be one of the largest expenses your company makes. Below are a few ways to reduce your costs. Start your office space search and negotiation early. The more time you have to weigh your options the better. 4-6 months for smaller spaces 8-12 months for larger spaces. Create a competitive environment …
A great business or franchise in a bad location becomes a bad business or franchise. Selecting the right location is imperative for a retail business. Below are a few site selection tips when leasing retail space. Start early so you are not making stressful decisions. New retail businesses or franchises should start at least 4-6 …
When leasing commercial real estate it’s important that you ASK and KNOW what the usable square feet (USF) and the rentable square feet (RSF) are for the building and space in consideration. Since office space is typically listed with RSF, which includes more square footage than what you actually occupy it’s important to know what …
Usable vs. Rental Square Feet in Commercial Real Estate Read More »
So you have found your ideal office space and signed the lease. Your work is not done yet as now you have the prepare, plan, and execute the relocation. If you follow a plan you can make this process stress free. Below is a general checklist to help guide you. Communication About the Office Move …
When leasing office space you typically work with a tenant representative who will ensure you find the right space, negotiate the best terms, and review the contract, recommend contractors, and overall ensure you make the best decisions possible. However there are a few things you should do on your own before choosing your new …
Important Things TO DO Before Signing Office Lease Read More »
Austin, Tx continues to grow at a rapid pace. In fact in October officials stated that the population in Austin will double in size by 2040, which would increase the number of people in the Austin Metro area to over 4 million and make it the 21st largest Metro in the U.S. It’s currently the …
When leasing office space most companies only focus on reducing their costs by negotiating the lowest rental rate as possible. What they forget is that there are two ways to reduce their monthly rental costs Reduce the rental rate Reduce the square footage This may seem elementary however it’s surprising how many companies lease more …
You Don’t Need As Much Office Space As You Think Read More »
When renting commercial real estate whether it be office space, retail space, or warehouse space most owners will use a triple net lease (seen as NNN). NNN stands for net, net net which are the property’s operating expenses (taxes, insurance, & common area maintenance fees) that the owner passes through to tenants. Keep in …
What Does NNN Mean When Renting Commercial Real Estate? Read More »
When it came to designing the headquarters of the world’s largest marketplace for digital goods RetailMeNot, STG Design had to consider its culture and the nature of the company’s service. It had to show the dynamic culture the website is known for and make a workspace that would keep employees moving. The office looks like …
Known fashion brand Kenneth Cole announced on Friday that it will be closing all of its 63 outlet stores throughout the country within six months. The move, according to its CEO Marc Schneider, is because of the growing importance of e-commerce and international sales, prompting the brand to focus more on these areas and sell …
Kenneth Cole to shutter Austin Retail outlet store Read More »
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