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from Twitter https://twitter.com/AustinTenantAdv via Blogger Juleah Duesing thanks for following me on Twitter! https://t.co/XiPwlc9ldg
from Twitter https://twitter.com/AustinTenantAdv via Blogger Juleah Duesing thanks for following me on Twitter! https://t.co/XiPwlc9ldg The following post is copyrighted by Austin Tenant Advisors - . When renting commercial real estate (office, retail, or warehouse space) landlords have certain criteria that they typically look for in a good commercial real estate tenant. Financial viability is the key issue for landlords. They want to be assured that their tenants won’t go out of business before the lease expires or jump from building to building just to get concessions. Landlords also look at the type of tenant. Will this tenant help to create a mix that will, in turn, attract other good tenants? Banks, large law firms, and major accounting firms, for example, fall into this category. At the same time, landlords are sensitive to the size of the tenancy proposed. They may not want one tenant to dominate the building. Advertising and public relations companies, for example (often the first to be faced with downsizing during economic downturns), are risky as predominant tenants in a building. Although landlords would prefer to deal solely with tenants that have the best credit, they also recognize that sometimes they must accept risk. In these instances, they may want to minimize the risk by spreading a concession such as free rent over the life of the lease rather than giving it all in the first part of the lease. Financial information is critical and they WILL ask to see your company financials. Psychology plays a role too. Landlords also want to know the reasons why prospective tenants are planning to move, and what motivates them. Even in a soft market, property owners must be sold on prospective tenants, and even existing tenants. Factors Landlords Consider When Rating Prospective Commercial Tenants
As you look at commercial properties for rent and are comparing buildings and landlords, keep in mind that they are evaluating you as a potential tenant also. You want to make sure that you understand what landlords look for in a good commercial tenant so that you can prepare your company to meet the financial and other criteria that landlords have. The post How Landlords Evaluate Prospective Commercial Real Estate Tenants appeared first on Austin Tenant Advisors. via Blogger How Landlords Evaluate Prospective Commercial Real Estate Tenants The following post is copyrighted by Austin Tenant Advisors - . One of the most common questions we get is, “Why should I hire a tenant representative to lease commercial real estate?” Because we want our clients to feel comfortable and confident when renting office space, retail, or warehouse space we have compiled a list of some advantages of retaining exclusive tenant representation for your company. Advantages of Using a Tenant Rep Broker to Rent Commercial Real Estate
If you are looking for a tenant representative in Austin Tx give us a call and see if we are a fit for your business. The post Benefits of Tenant Representation When Renting Commercial Real Estate appeared first on Austin Tenant Advisors. via Tumblr Benefits of Tenant Representation When Renting Commercial Real Estate
from Twitter https://twitter.com/AustinTenantAdv via Blogger How Landlords Evaluate Prospective Commercial Real Estate Tenants https://t.co/XFwOBkuD3E https://t.co/nfmfJkvUn0 The following post is copyrighted by Austin Tenant Advisors - . When renting commercial real estate (office, retail, or warehouse space) landlords have certain criteria that they typically look for in a good commercial real estate tenant. Financial viability is the key issue for landlords. They want to be assured that their tenants won’t go out of business before the lease expires or jump from building to building just to get concessions. Landlords also look at the type of tenant. Will this tenant help to create a mix that will, in turn, attract other good tenants? Banks, large law firms, and major accounting firms, for example, fall into this category. At the same time, landlords are sensitive to the size of the tenancy proposed. They may not want one tenant to dominate the building. Advertising and public relations companies, for example (often the first to be faced with downsizing during economic downturns), are risky as predominant tenants in a building. Although landlords would prefer to deal solely with tenants that have the best credit, they also recognize that sometimes they must accept risk. In these instances, they may want to minimize the risk by spreading a concession such as free rent over the life of the lease rather than giving it all in the first part of the lease. Financial information is critical and they WILL ask to see your company financials. Psychology plays a role too. Landlords also want to know the reasons why prospective tenants are planning to move, and what motivates them. Even in a soft market, property owners must be sold on prospective tenants, and even existing tenants. Factors Landlords Consider When Rating Prospective Commercial Tenants
As you look at commercial properties for rent and are comparing buildings and landlords, keep in mind that they are evaluating you as a potential tenant also. You want to make sure that you understand what landlords look for in a good commercial tenant so that you can prepare your company to meet the financial and other criteria that landlords have. The post How Landlords Evaluate Prospective Commercial Real Estate Tenants appeared first on Austin Tenant Advisors. via Tumblr How Landlords Evaluate Prospective Commercial Real Estate Tenants Is a Long or Short Term Commercial Lease Right For Your Business? - Pros and Cons to Consider9/27/2017 The following post is copyrighted by Austin Tenant Advisors - . Pros and Cons to ConsiderOne of the most common questions I get asked is whether a business should sign a long term commercial real estate lease or a short term lease. For a small business or startup that is renting office, retail, or warehouse space getting this right is important as the success or failure of the business could be determined by the decision. Unfortunately there is no wrong or right answer as every company has different needs. Short and long term commercial leases both have certain advantages and disadvantages that you should analyze and discuss with your commercial real estate agent before you begin negotiations with a potential landlord. Advantages of a Long-Term Commercial Real Estate Lease
Cons of Long Term Commercial Leases
Advantages of a Short-Term Commercial Real Estate Lease
Cons of Short Term Commercial Leases
As you can see there are many Pros and Cons to signing short term and long term commercial leases. It’s hard to do however it’s important that you think of your business needs 1, 2, 3, 4, and 5 years down the road. If you are not sure you want to remain in the same location or expect future growth, or are just uncertain about the future of the company then a short term lease might be the best option. If your business is more established, financially stable, and not expecting to expand rapidly then you are better suited for a longer term commercial real estate lease. The post Is a Long or Short Term Commercial Lease Right For Your Business? appeared first on Austin Tenant Advisors. via Tumblr Is a Long or Short Term Commercial Lease Right For Your Business? - Pros and Cons to Consider
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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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