from Twitter https://twitter.com/AustinTenantAdv via Blogger Back-up Your Commercial Lease Contracts https://t.co/0ppHt4RSuX
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One of the main decision making factors that determine which Austin office space businesses choose to rent is cost. However, we often get asked the question, “How do I calculate the monthly cost of renting office space for lease?” While the calculation is simple, it can be confusing sometimes as some landlords tend to quote rental rates differently than others. For example one landlord may quote $26 SF gross and another may quote a base rate of $14 SF + $12 NNN. At the end of the day all you care about is what your total monthly business space rental costs are. While there are a lot of other factors to consider below will give you the down and dirty on how to calculate the monthly office space rental cost for your business. Calculating your monthly office lease amount involves 3 things:
Below are a couple of examples on how to calculate the monthly cost of renting office space for lease. Office Example #1 – Gross Rental Rate Square footage of Office Property = 2,400 SF Quoted Gross Rental Rate = $26 SF/Yr Estimated operating expenses = already included in gross rental rate Total asking lease rate = $26 SF/Yr Yearly Rent = 2,400 x $26 = $62,400 Monthly Rent = $62,400 / 12 = $5,200 per month Office Example #2 – Base Rate + NNN (operating expenses) Square footage of Office Property = 2,400 SF Quoted Base Rental Rate = $14 SF/Yr Estimated operating expenses (NNN) = $12 SF/Yr Total asking lease rate = $26 SF/Yr Yearly Rent = 2,400 x $26 = $62,400 Monthly Rent = $62,400 / 12 = $5,200 per month To get more help check out one of our past blogs that shared a few tools to help calculate office space needs and lease costs. If you need additional help with your commercial property lease needs feel free to give us a call. via Tumblr How to Calculate the Monthly Cost of Renting Office Space for Lease in Austin Tx One of the main decision making factors that determine which Austin office space businesses choose to rent is cost. However, we often get asked the question, “How do I calculate the monthly cost of renting office space for lease?” While the calculation is simple, it can be confusing sometimes as some landlords tend to quote rental rates differently than others. For example one landlord may quote $26 SF gross and another may quote a base rate of $14 SF + $12 NNN. At the end of the day all you care about is what your total monthly business space rental costs are. While there are a lot of other factors to consider below will give you the down and dirty on how to calculate the monthly office space rental cost for your business. Calculating your monthly office lease amount involves 3 things:
Below are a couple of examples on how to calculate the monthly cost of renting office space for lease. Office Example #1 – Gross Rental Rate Square footage of Office Property = 2,400 SF Quoted Gross Rental Rate = $26 SF/Yr Estimated operating expenses = already included in gross rental rate Total asking lease rate = $26 SF/Yr Yearly Rent = 2,400 x $26 = $62,400 Monthly Rent = $62,400 / 12 = $5,200 per month Office Example #2 – Base Rate + NNN (operating expenses) Square footage of Office Property = 2,400 SF Quoted Base Rental Rate = $14 SF/Yr Estimated operating expenses (NNN) = $12 SF/Yr Total asking lease rate = $26 SF/Yr Yearly Rent = 2,400 x $26 = $62,400 Monthly Rent = $62,400 / 12 = $5,200 per month To get more help check out one of our past blogs that shared a few tools to help calculate office space needs and lease costs. If you need additional help with your commercial property lease needs feel free to give us a call. via Blogger How to Calculate the Monthly Cost of Renting Office Space for Lease in Austin Tx In the past we posted a blog that talked about the importance of reviewing your office space needs and commercial lease contracts YEARLY to make sure that you are not paying for space you don’t need, that you don’t have too little or too much space, know what you are being charged, and saving every dime possible in your office space lease. One of the things we touched on briefly was making sure that you have all of your commercial lease documents organized. When organizing them, you also need to be certain that they are backed up and in a safe place. After spending the last five days recovering my PC from a virus, it reminded of the importance of having all of your important documents backed up—this includes your lease contract. A new landlord could possibly take over ownership of the building you are in and if you don’t have these documents, it could be difficult to negotiate a lease renewal when the time comes. It’s also a good idea to make sure that you are using all the space you have. If you determine you have too much space there are ways to negotiate with the landlord and get it off your books. HOWEVER if you never take the time to review your existing space situation and don’t investigate your options you may be leaving money on the table. For those that are lucky enough to have an in-house IT staff, they are likely on it with security and back up solutions. If you are a small business and your are the IT staff, here are three easy ways you can back up your data on your PC and make sure your lease contracts are safe. 1. Use the auto back up function on your laptop to remind you to burn back up CDs. Cost=$FREE (other than the cost of CDs) 2. Use an external hard drive to manually back up your data. Cost= approximately $100 for 500GB hard drive 3. Online backup service such as Carbonite that will automatically back up all of your data for you. Cost=$54.95 per year for unlimited storage One of these solutions should work for you and take it from me—it’s best to kick off the New Year with a back up solution! If you need help reviewing your commercial lease contract or help renting commercial property for lease give us a call. via Blogger Back-up Your Commercial Lease Contracts One of the main decision making factors that determine which Austin office space businesses choose to rent is cost. However, we often get asked the question, “How do I calculate the monthly cost of renting office space for lease?” While the calculation is simple, it can be confusing sometimes as some landlords tend to quote rental rates differently than others. For example one landlord may quote $26 SF gross and another may quote a base rate of $14 SF + $12 NNN. At the end of the day all you care about is what your total monthly business space rental costs are. While there are a lot of other factors to consider below will give you the down and dirty on how to calculate the monthly office space rental cost for your business. Calculating your monthly office lease amount involves 3 things:
Below are a couple of examples on how to calculate the monthly cost of renting office space for lease. Office Example #1 – Gross Rental Rate Square footage of Office Property = 2,400 SF Quoted Gross Rental Rate = $26 SF/Yr Estimated operating expenses = already included in gross rental rate Total asking lease rate = $26 SF/Yr Yearly Rent = 2,400 x $26 = $62,400 Monthly Rent = $62,400 / 12 = $5,200 per month Office Example #2 – Base Rate + NNN (operating expenses) Square footage of Office Property = 2,400 SF Quoted Base Rental Rate = $14 SF/Yr Estimated operating expenses (NNN) = $12 SF/Yr Total asking lease rate = $26 SF/Yr Yearly Rent = 2,400 x $26 = $62,400 Monthly Rent = $62,400 / 12 = $5,200 per month To get more help check out one of our past blogs that shared a few tools to help calculate office space needs and lease costs. If you need additional help with your commercial property lease needs feel free to give us a call. via Blogger How to Calculate the Monthly Cost of Renting Office Space for Lease in Austin Tx
from Twitter https://twitter.com/AustinTenantAdv via Blogger Back-up Your Commercial Lease Contracts https://t.co/c5HxqvDkYO In the past we posted a blog that talked about the importance of reviewing your office space needs and commercial lease contracts YEARLY to make sure that you are not paying for space you don’t need, that you don’t have too little or too much space, know what you are being charged, and saving every dime possible in your office space lease. One of the things we touched on briefly was making sure that you have all of your commercial lease documents organized. When organizing them, you also need to be certain that they are backed up and in a safe place. After spending the last five days recovering my PC from a virus, it reminded of the importance of having all of your important documents backed up—this includes your lease contract. A new landlord could possibly take over ownership of the building you are in and if you don’t have these documents, it could be difficult to negotiate a lease renewal when the time comes. It’s also a good idea to make sure that you are using all the space you have. If you determine you have too much space there are ways to negotiate with the landlord and get it off your books. HOWEVER if you never take the time to review your existing space situation and don’t investigate your options you may be leaving money on the table. For those that are lucky enough to have an in-house IT staff, they are likely on it with security and back up solutions. If you are a small business and your are the IT staff, here are three easy ways you can back up your data on your PC and make sure your lease contracts are safe. 1. Use the auto back up function on your laptop to remind you to burn back up CDs. Cost=$FREE (other than the cost of CDs) 2. Use an external hard drive to manually back up your data. Cost= approximately $100 for 500GB hard drive 3. Online backup service such as Carbonite that will automatically back up all of your data for you. Cost=$54.95 per year for unlimited storage One of these solutions should work for you and take it from me—it’s best to kick off the New Year with a back up solution! If you need help reviewing your commercial lease contract or help renting commercial property for lease give us a call. via Blogger Back-up Your Commercial Lease Contracts In the past we posted a blog that talked about the importance of reviewing your office space needs and commercial lease contracts YEARLY to make sure that you are not paying for space you don’t need, that you don’t have too little or too much space, know what you are being charged, and saving every dime possible in your office space lease. One of the things we touched on briefly was making sure that you have all of your commercial lease documents organized. When organizing them, you also need to be certain that they are backed up and in a safe place. After spending the last five days recovering my PC from a virus, it reminded of the importance of having all of your important documents backed up—this includes your lease contract. A new landlord could possibly take over ownership of the building you are in and if you don’t have these documents, it could be difficult to negotiate a lease renewal when the time comes. It’s also a good idea to make sure that you are using all the space you have. If you determine you have too much space there are ways to negotiate with the landlord and get it off your books. HOWEVER if you never take the time to review your existing space situation and don’t investigate your options you may be leaving money on the table. For those that are lucky enough to have an in-house IT staff, they are likely on it with security and back up solutions. If you are a small business and your are the IT staff, here are three easy ways you can back up your data on your PC and make sure your lease contracts are safe. 1. Use the auto back up function on your laptop to remind you to burn back up CDs. Cost=$FREE (other than the cost of CDs) 2. Use an external hard drive to manually back up your data. Cost= approximately $100 for 500GB hard drive 3. Online backup service such as Carbonite that will automatically back up all of your data for you. Cost=$54.95 per year for unlimited storage One of these solutions should work for you and take it from me—it’s best to kick off the New Year with a back up solution! If you need help reviewing your commercial lease contract or help renting commercial property for lease give us a call. via Tumblr Back-up Your Commercial Lease Contracts World News & International Relations thanks for following me on Twitter! https://t.co/zU2sGG0VZG1/12/2020
from Twitter https://twitter.com/AustinTenantAdv via Blogger World News & International Relations thanks for following me on Twitter! https://t.co/zU2sGG0VZG
from Twitter https://twitter.com/AustinTenantAdv via Blogger Chris H. Leeb thanks for following me on Twitter! https://t.co/cPt2THdcQ1 |
AuthorThe experienced commercial realtors at Austin Tenant Advisors specialize in representing the best interests of buyers and tenants in the Search, Selection, Negotiation, and Occupancy of Office, Retail, Industrial & Warehouse Space for lease, rent, or sale in and around Travis, Williamson, Hays, Bastrop, & Burnet Counties, which are the 5 largest counties in Central Texas. We serve the surrounding cities such as Pflugerville, Round Rock, Georgetown, Leander, Cedar Park, Lakeway, Bee Cave, Sunset Valley, Dripping Springs, Buda, Kyle, San Marcos, Burnet, Marble Falls, and more. Archives
November 2020
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