The following post is copyrighted by Austin Tenant Advisors - . If you are looking for the most expensive office space in Austin Tx then look no further than downtown Austin. With its abundance of lifestyle and entertainment options for clients and employees as well as being the center of government and business for the region, many companies feel that having an office in downtown Austin is a must. The flip side is that you have to pay for it. Office space rental rates in downtown Austin will by far be the highest across the Austin-Round Rock Metropolitan area. Below are a few of the most expensive office spaces in Austin, Tx. #1. Frost Bank Tower – 401 Congress Ave, Austin, Tx 78701Asking Base Rate = $45 + #2. 100 Congress Ave, Austin, Tx 78701Asking Base Rate = $42 #3. San Jacinto Center – 98 San Jacinto Blvd Austin, Tx 78701Asking Base Rate = $38 #4. One Eleven – 111 Congress Ave, Austin, Tx 78701Asking Base Rate = $37 The post Most Expensive Office Space in Austin Tx appeared first on Austin Tenant Advisors. via Tumblr Most Expensive Office Space in Austin Tx
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The following post is copyrighted by Austin Tenant Advisors - . If you are a startup or new business at some point you will have to rent commercial real estate. You try to avoid having that expense for as long as you can however as your headcount grows and your business needs change you have no choice but to find office, retail, or warehouse space for rent. There are many mistakes that I have seen made however below are the 3 big ones. Leasing Too Much Commercial SpaceMany times new businesses or startups lease way too much space. You typically only need about 150 to 175 sf per person as long as the buildings parking ratio allows it. Also, they get too caught up in having all the cool fun space right off the bat. Yes it’s nice to have a game room with a ping pong or foosball table, or a lot of fun trendy lounge areas, however if you are a startup or new business you need to be smart about this. I know you want to impress your visitors and want to recruit and retain employees however it’s important that you keep your operating expenses low until the business is more stable. You can rent a bunch more office space later on to turn into fun hangout areas later on. But for now lease as little space as you can get away with. Renting the Most Expensive Commercial Real EstateI know recruiting and retaining employees is important however you don’t have to rent the most expensive commercial space to accomplish this. Everyone knows that most startups are not profitable for the first few years and have to watch the numbers. So go find a nice class B or C space that you can live with for now. Ikea has lots of inexpensive cool furniture that you can buy to make your space look trendy. Keep your costs low and your investors will love you for it. When you are making lots of money then consider renting the most expensive commercial space. Signing a Long Commercial LeaseIn a hot market many landlords will try to force you into a long term lease. Don’t be pressured into doing so unless it makes business sense. Find a commercial space that will allow you to lease for 3 years or less. If you search hard enough you will find a handful of property owners that will do shorter term leases. When your company is more established and stable then consider signing a 3-5 year lease. The post 3 Biggest Mistakes Startups Make When Renting Commercial Real Estate appeared first on Austin Tenant Advisors. via Tumblr 3 Biggest Mistakes Startups Make When Renting Commercial Real Estate The following post is copyrighted by Austin Tenant Advisors - . Renting medical office space will be one of your biggest expenses when owning your own medical practice. The location of your medical space, type of space, amount you pay in rent, etc will have a huge impact on the success of your medical practice. Therefore it’s important that you thoroughly research your options, pick the right space, and negotiate the best deal possible. Below are a few considerations when renting medical office space. Medical Building AccessibilityNot all professional office buildings will give your patients 24 hour access or be accessible outside their normal building hours. In professional offices building hours may be 7am to 6pm Monday – Friday and 8am to 12pm on Saturday. The only way you can access the building is if you have a rfid card and your patients would have to call you to come down to let them in. If your medical practice typically sees patients during hours outside these hours then make sure you find a building that will accommodate after hours access. Or find a space that allows you to have your own direct entrance. Most medical office buildings have building hours that accommodate most medical practices. Biohazardous Medical WasteMost medical practices handle biohazards so make sure the building you are considering is equipped to handle that. Most office buildings that are labeled as medical office space typically do. If you are renting a standard professional office then you will have to work out the details. After Hours HVACAgain most professional office buildings have standard building hours of 7am-6pm Monday-Friday and 8am-12pm on Saturday. That also means that those are the hours that the HVAC (Heating, Ventilation, Air Conditioning) is included in your operating expenses. If you have any HVAC needs outside of those hours you will end up paying up to $25 per hour. Medical office buildings are set up to where each tenant pays their utilities on their own so they can have the HVAC on 24/7 if they like. And they avoid any hourly fees. As you evaluate office spaces make sure you know how the utilities will be handled. Is after hours HVAC included or is there an hourly fee. Are you able to separately meter the after hours HVAC? Security For Medical PatientsYou want to ensure that your staff and patients are safe. Find out what security is available in the building if any. If there is what is the process for contacting. Medical Office Space ParkingMedical practices typically have high parking needs. You need parking for your staff and patients. Make sure the building you are going to rent from has enough parking to accommodate your needs. Find out where it is located. The more difficult it is for your patients to park the less likely they will want to come to your medical office. The post Considerations When Renting Medical Office Space appeared first on Austin Tenant Advisors. via Tumblr Considerations When Renting Medical Office Space The following post is copyrighted by Austin Tenant Advisors - . Renting medical office space will be one of your biggest expenses when owning your own medical practice. The location of your medical space, type of space, amount you pay in rent, etc will have a huge impact on the success of your medical practice. Therefore it’s important that you thoroughly research your options, pick the right space, and negotiate the best deal possible. Below are a few considerations when renting medical office space. Medical Building AccessibilityNot all professional office buildings will give your patients 24 hour access or be accessible outside their normal building hours. In professional offices building hours may be 7am to 6pm Monday – Friday and 8am to 12pm on Saturday. The only way you can access the building is if you have a rfid card and your patients would have to call you to come down to let them in. If your medical practice typically sees patients during hours outside these hours then make sure you find a building that will accommodate after hours access. Or find a space that allows you to have your own direct entrance. Most medical office buildings have building hours that accommodate most medical practices. Biohazardous Medical WasteMost medical practices handle biohazards so make sure the building you are considering is equipped to handle that. Most office buildings that are labeled as medical office space typically do. If you are renting a standard professional office then you will have to work out the details. After Hours HVACAgain most professional office buildings have standard building hours of 7am-6pm Monday-Friday and 8am-12pm on Saturday. That also means that those are the hours that the HVAC (Heating, Ventilation, Air Conditioning) is included in your operating expenses. If you have any HVAC needs outside of those hours you will end up paying up to $25 per hour. Medical office buildings are set up to where each tenant pays their utilities on their own so they can have the HVAC on 24/7 if they like. And they avoid any hourly fees. As you evaluate office spaces make sure you know how the utilities will be handled. Is after hours HVAC included or is there an hourly fee. Are you able to separately meter the after hours HVAC? Security For Medical PatientsYou want to ensure that your staff and patients are safe. Find out what security is available in the building if any. If there is what is the process for contacting. Medical Office Space ParkingMedical practices typically have high parking needs. You need parking for your staff and patients. Make sure the building you are going to rent from has enough parking to accommodate your needs. Find out where it is located. The more difficult it is for your patients to park the less likely they will want to come to your medical office.
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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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