Life in Austin: How Commercial Real Estate Influences this Texas Powerhouse

June 18, 2018, 8:13 am

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Despite the ever-advancing wave of globalization in this connected world, no two cities are the same. While many share similar economic and development trends to cater to new and burgeoning industries, their location, culture, and specializations tend to affect the shape of a city’s future more than any other factor – save one. As with …

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The Most Viable West Coast Cities for Startups

July 2, 2018, 9:56 am

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The idea that Silicon Valley is the proverbial bread basket of business innovation and disruption is finally, thankfully, squarely in the rear view mirror. According to the 2017 Kauffman Index of Growth Entrepreneurship, startup growth is exploding nationwide – and well away from the Bay Area. That’s good news for business owners seeking affordable commercial …

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7 Considerations When Negotiating an Office Lease Renewal

July 17, 2018, 8:48 am

≫ Next: Navigating the Commercial Real Estate Lease Process

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Hovering over your office real estate lease is always one thing: the lease renewal. Unlike residential leases, landlords will approach commercial leasees with proposals months in advance of the renewal date. Like residential leases, the terms for the renewed lease include a common element: higher rates. What most businesses don’t understand, however, is that their …

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Navigating the Commercial Real Estate Lease Process

August 8, 2018, 9:14 am

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An agreement between a business and a landlord is defined as a commercial real estate lease, with each agreement coming with its own restrictions, stipulations, and features that are negotiated during the final signing process. But before the ink is wet and you start calling moving companies, new and first-time business owners learn quickly that …

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Explaining the Various Types of Commercial Real Estate Leases

August 15, 2018, 7:59 am

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When it comes time to expand your business to your first office or upgrade to a more suitable location, there’s plenty to worry about. Budgetary concerns, logistics, and ensuring continuity of business during the relocation are all crucial elements. Before you consider how you’ll move, you should investigate your commercial real estate lease options to …

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A Simple Guide to Calculating Operating Expenses for Office Buildings

September 4, 2018, 7:23 am

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When considering a commercial office space lease, it’s important to carefully investigate any non-rental costs, what’s included in your rental agreement, and what you’re going to be responsible for on a monthly basis. While many commercial leases are likely to be triple net leases (in which the tenant is responsible for operating expenses on a …

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How to Choose the Right Tenant Representation Broker

September 20, 2018, 12:41 pm

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Finding the right fit in a commercial real estate lease is a challenge unto itself. Aside from researching, budgeting, and planning for an office move or expansion, there’s the lengthy and sometimes stressful endeavor of negotiating lease terms and what you’ll be responsible for paying on a monthly basis. An effective strategy is to work …

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What to Consider When Moving Into A New (Or Your First) Office [Infographic]

October 1, 2018, 7:57 am

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Moving into a new office can be a challenge both logistically and energetically. Finding an office that suits your business needs is only the first part of the process — moving in and readjusting to the new space can take some effort as well. By having a detailed checklist of factors relating to your relocation, …

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A Complete Guide to Leasing a Restaurant Space

October 23, 2018, 8:13 am

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An endeavor into the restaurant business is, needless to say, a challenging one. Establishments come and go like the direction of the wind, leaving business owners reeling and skeptical. Despite these challenges, finding the right location in the right neighborhood will reap major benefits for a restaurant owner of any experience level. Before you start …

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Examining the True Costs of Opening a New Restaurant

November 19, 2018, 9:19 am

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Opening a restaurant is a costly endeavor to say the least. With so much volatility in the market and no guarantees that your establishment will take off with your intended audience, it can feel like an uphill battle before you even start the initial planning process for a new restaurant. Are you simply revitalizing a …

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Explaining Tenant Improvement Allowances and How to Negotiate the Best Deal

November 28, 2018, 8:47 am

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Every lease agreement will contain a section for tenant improvement allowances – a set amount allocated by the landlord for build out, retrofit, or new construction to suit the new tenant’s needs. The amount provided is dependent on various factors, including length of lease, overall cost, and size of the tenant’s company, but prospective tenants …

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A Complete Guide to Touring Office Space

December 13, 2018, 12:24 pm

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Whether you’re facing a much-needed expansion or simply searching for your first permanent office space, tenants would be better equipped with a list of detailed questions for each space rather than going in blind. Furthermore, knowing a few important tips about the commercial real estate world will help you gain a better understanding before your …

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Exclusive Broker Agreements: What Are They and Why Do They Matter

January 15, 2019, 11:06 am

≫ Next: Commercial Real Estate Letters of Intent: Everything You Need to Know

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Looking for commercial office space is a tedious process. Tenants are rarely equipped to handle the complexity and scope of the commercial real estate world, which is fraught with technical terms, lengthy negotiations, and stacks of paperwork. That’s why tenant brokers exist. With their expertise and knowledge of the local market, they provide an invaluable …

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Commercial Real Estate Letters of Intent: Everything You Need to Know

January 22, 2019, 10:19 am

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After you’ve done your research, worked with your tenant representation broker, participated in site tours, and figured out your budget, the perfect commercial real estate property is finally in your sights. Unlike most residential real estate deals, commercial real estate is complex, complicated, and often progresses at a glacial pace. Existing tenants may need time …

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Coworking Space vs Traditional Commercial Leases: Finding the Best Fit for Your Needs

January 29, 2019, 9:29 am

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When you’re a small business owner, you look for every possible advantage. There are no shortcuts to success, but with the dawn of shared or coworking spaces in larger cities where commercial real estate comes at a premium, it makes sense to consider your options – until you outgrow them. Finding traditional office space isn’t …

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A Complete Checklist and Outline for Moving to a New Office

February 13, 2019, 10:27 am

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Office moves always start out with excitement. The thrill of a larger space, upgraded amenities, or a better location are exactly why companies expand to a new location. But after your search, endless tours, negotiations over lease agreements, and finally signing the paperwork, the actual work begins. First thing first, you’ll need a comprehensive relocation …

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The Biggest Mistakes that Startups Make When Leasing Office Space

February 21, 2019, 11:16 am

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As a business grows and expands, it’s easy to begin imagining moving into a larger, more permanent space. This is especially attractive for the startup crowd, which romanticizes the “build it in your garage” mentality while striving for the authenticity of a physical, professional office. But moving too quickly – even in the startup phase …

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Listings Spotlight: 7 Spaces That Will Give You Serious Office Envy

February 22, 2019, 10:29 am

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Thousands of listings get added to OfficeSpace.com daily, and we get the pleasure of seeing cool office space photos from all over the country. So naturally we thought: why not spread the office envy?   This week’s round up features industrial columns, exposed brick walls, bright red accent walls and so much more! Whether you’re …

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What You Need to Know Before You Sublease an Office Space

March 26, 2019, 8:23 am

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If you’ve been in the market for commercial real estate space, you know the difficulties that come with finding and securing the right space for your budget. Outside of a long-term rental commitment with a landlord, your options are limited between subleasing office space or a shared office space. Most commercial real estate leases involve …

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Discovering the Hidden Costs of Leasing an Office Space

April 8, 2019, 8:31 am

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Once you’ve located your ideal space (after a lengthy search, tour, and negotiation process), the real work begins. Moving, logistics, and continuity of business are your prime concerns, but there’s more you should consider before signing the lease and securing the keys. Hopefully, you’ve been transparent about the amount of monthly rent your company can …

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