When leasing commercial real estate properties such as office space, retail space, or warehouse space, landlords will typically offer incentives to get tenants to lease space in their building. One of those incentives is offering a tenant improvement allowance (aka TI Allowance or TIA) to build out the space custom to your needs. The tenant improvement allowance …
What is a Tenant Improvement Allowance & How Do They Work? Read More »
Renegotiating a commercial lease is possible if your business or the market changes and you are unsatisfied with your current situation. There are no guarantees that the landlord will agree to your requests however you will never know if you don’t ask. Business climates and markets can change which at some time or another will …
Rent abatement in a commercial lease means that the tenant does NOT have to pay rent for a certain time period during one of the following scenarios: During the initial tenant improvements, As a concession in lieu of a reduced rental rate, Or when the tenant is not able to occupy the space because major …
What is Rent Abatement in Commercial Leases & How To Get It? Read More »
Leasing retail space is expensive so before rushing out to sign a commercial lease it’s important that you prove that your products will sell. This applies to anyone wanting to open a retail business including health spas, restaurants, hair salons or any store that sells merchandise. Do people want to buy your products at a …
Before Leasing Retail Space Try These Alternatives First Read More »
The Bank of America Center is a class A office building located in the heart of downtown Austin at 515 Congress Ave Austin Tx 78701. If you want to be at the center of it all, and within walking distance of the Warehouse & 6th street entertainment districts, the Texas State Capital, Austin Convention Center, …
515 Congress Ave Austin Tx 78701 – Bank of America Center Read More »
When leasing commercial office space on your own, it’s important to consider hiring a tenant rep to help you, especially in landlord friendly Austin office space markets. Building owners have highly experienced agents representing their best interests which puts you at a disadvantage during negotiations. Having a tenant rep in your corner will ensure that …
Tenant Reps Give You Advantages When Leasing Office Space Read More »
Office space build-out permits in Austin can take up to 30 to 45 days, and even longer for larger more complicated projects. When searching for Austin office space for lease you need to ensure that you give yourself enough time to see all the options as well as allowing enough time to build-out the spaces …
How Long Does it Take to Get an Office Space Build-Out Permit in Austin, Tx? Read More »
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. …
Examples & Photos of Office Space Amenities You Will Love Read More »
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 …
How to Get the Best Deal On Austin Office Space For Lease Read More »
When buying or leasing commercial real estate you sometimes will come across a commercial property that was previously used as something different than your intended use. For example say you find an industrial space for rent Austin that was previously used by a wine distributor. According to the City of Austin zoning chart their use …
How to Do a Change of Use When Leasing Commercial Space Read More »
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