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from Twitter https://twitter.com/AustinTenantAdv via Blogger You Don’t Need to Rent as Much Office Space as You Think! https://t.co/gZXNe6XsBc https://t.co/FeGLBfhG3W The following post is copyrighted by Austin Tenant Advisors - . When trying to reduce their office space rent costs many companies focus too much on only getting the lowest rental rates possible. What they seem to overlook is the fact that they don’t actually need as much office space as they think. If more companies would shift their focus to the actual square footage that they need and how efficiently the space could be built out and used they would be able to generate significant costs savings. Depending on the market you are in you may not have as much leverage in rent negotiations, however what you do have complete control over is the amount of space that you rent. Efficiency is Key When Renting Office SpaceEven in a down market where rental rates are low it’s still important to avoid leasing too much space. Before you begin looking for space consider doing a thorough space evaluation and determine your ideal layout, as well as how you will use the space. After being interviewing about your current and future needs and use a good space planner or architect can create a program for you to help you determine the exact size space you need. Think about the job functions and needs of each employee. If you spend some time in the planning phase you will uncover some ways to reduce your office space size and still maintain productivity in a smaller space. Also if you reduce your size you might find that you can now afford a nicer class A office space. When you are ready to find and rent office space you absolutely want to find the best location and negotiate the lowest rental rate possible. However don’t forget that you have more control over how much space you rent. Don’t get caught in the moment and lease more space than you really need. The post You Don’t Need to Rent as Much Office Space as You Think! appeared first on Austin Tenant Advisors. via Blogger You Don’t Need to Rent as Much Office Space as You Think! The following post is copyrighted by Austin Tenant Advisors - . When trying to reduce their office space rent costs many companies focus too much on only getting the lowest rental rates possible. What they seem to overlook is the fact that they don’t actually need as much office space as they think. If more companies would shift their focus to the actual square footage that they need and how efficiently the space could be built out and used they would be able to generate significant costs savings. Depending on the market you are in you may not have as much leverage in rent negotiations, however what you do have complete control over is the amount of space that you rent. Efficiency is Key When Renting Office SpaceEven in a down market where rental rates are low it’s still important to avoid leasing too much space. Before you begin looking for space consider doing a thorough space evaluation and determine your ideal layout, as well as how you will use the space. After being interviewing about your current and future needs and use a good space planner or architect can create a program for you to help you determine the exact size space you need. Think about the job functions and needs of each employee. If you spend some time in the planning phase you will uncover some ways to reduce your office space size and still maintain productivity in a smaller space. Also if you reduce your size you might find that you can now afford a nicer class A office space. When you are ready to find and rent office space you absolutely want to find the best location and negotiate the lowest rental rate possible. However don’t forget that you have more control over how much space you rent. Don’t get caught in the moment and lease more space than you really need. The post You Don’t Need to Rent as Much Office Space as You Think! appeared first on Austin Tenant Advisors. via Tumblr You Don’t Need to Rent as Much Office Space as You Think!
from Twitter https://twitter.com/AustinTenantAdv via Blogger Renting commercial space will be one of your largest expenses when running a business so it’s important that you know what to negotiate https://t.co/5nCgxORNCL
from Twitter https://twitter.com/AustinTenantAdv via Blogger One of the biggest mistakes I see companies make when renting warehouse space is that they start their search too late https://t.co/hTlLOsNhgG
from Twitter https://twitter.com/AustinTenantAdv via Blogger Are you interested in getting on Shark Tank? Check out this post that has all of the questions ever asked by the Sharks https://t.co/XOenPZAxUZ https://t.co/8lzclynCU7
from Twitter https://twitter.com/AustinTenantAdv via Blogger Virtual Reality Changing How We View Commercial Real Estate https://t.co/u8nUtmwtCB https://t.co/H3P77lbFm2 The following post is copyrighted by Austin Tenant Advisors - . When looking for commercial real estate to lease or purchase how many hours have you spent looking at office space photos or physically touring the spaces? If you have been in the commercial real estate business as long as I have or are a company that has leased a few commercial properties you have probably spent many hours looking at commercial spaces before deciding which one is right for your business. Well Virtual Reality is about to change all that. What is Virtual Reality?Virtual Realty (VR) is a computer generated technology that allows you to see 3 dimensional images or environments that you can seemingly or physically interact with using headsets, glasses with a screen inside, or other electronic equipment. Virtual reality is currently known more for the gaming industry however some companies are testing the new technology in residential and commercial real estate Virtual Reality Technology and Commercial Real EstateCurrent marketing practices for properties of most commercial real estate companies is by posting videos, photos, and flyers on the internet for people to see their commercial spaces that they have available for lease or sale. For the tenant or buyer the only way to get a real feel for the property is to physically see it. With VR the prospect may not even have to be in the same zip code of the property to see it. From their office or home they can put on the VR glasses and feel like they are physically in the space. If it works out using virtual reality in commercial real estate can be a game changer and make previewing commercial spaces much easier and faster. VR will change the way commercial tenants do their commercial property site selection and planning before having to physically tour commercial spaces. This will also be a great tool for investors looking to buy commercial investment properties in different cities, states, or countries. There are some major steps to climb however as the VR technology gets better more and more commercial real estate companies will experiment with ways to improve their ability to lease and sell properties. There may not even be a need to visit some commercial properties before leasing or buying them as you will be able to see everything you need to see by just putting on some VR glasses. You can even buy or lease space across the country. With VR these CRE firms will be able to actually PUT a potential buyer or tenant in the space, enabling them to look around and get an idea of what it would be like to occupy and work in the space. Then within an instant the prospect could be PUT into another property for viewing. VR has the ability to capture the attention of prospects for up to 5 minutes or longer. Other uses for virtual reality in commercial real estate will be to see raw land, touring to be built properties, looking at building interior mockups, etc. And all this can be done without having to spend money on travel back and forth. Seeing Commercial Spaces with VR Can Save Time and MoneyMost decision makers have a lot on their plate and having to fly or drive across the country to look at multiple locations is very time consuming. However by being able to virtual tour commercial spaces they will be able to view spaces across different cities all within minutes thus saving valuable time. Also when touring spaces it can be hard to envision how it would work for your company once it’s finished out with a different layout, furniture, etc. VR will allow tenants to view sample floor plans so they can see what an unfinished space would look like after the build-out is completed. I don’t think that physical tours of commercial spaces will go away however virtual reality will cut down on the time needed to physically tour them. VR is still new and the cost cost and expertise is high which will making adopting the use of VR slow. However as the costs go down you will eventually see more commercial property owners using it so that buyers and tenants can more easily view their spaces.
The post Virtual Reality Changing How We View Commercial Real Estate appeared first on Austin Tenant Advisors. via Blogger Virtual Reality Changing How We View Commercial Real Estate The following post is copyrighted by Austin Tenant Advisors - . When looking for commercial real estate to lease or purchase how many hours have you spent looking at office space photos or physically touring the spaces? If you have been in the commercial real estate business as long as I have or are a company that has leased a few commercial properties you have probably spent many hours looking at commercial spaces before deciding which one is right for your business. Well Virtual Reality is about to change all that. What is Virtual Reality?Virtual Realty (VR) is a computer generated technology that allows you to see 3 dimensional images or environments that you can seemingly or physically interact with using headsets, glasses with a screen inside, or other electronic equipment. Virtual reality is currently known more for the gaming industry however some companies are testing the new technology in residential and commercial real estate Virtual Reality Technology and Commercial Real EstateCurrent marketing practices for properties of most commercial real estate companies is by posting videos, photos, and flyers on the internet for people to see their commercial spaces that they have available for lease or sale. For the tenant or buyer the only way to get a real feel for the property is to physically see it. With VR the prospect may not even have to be in the same zip code of the property to see it. From their office or home they can put on the VR glasses and feel like they are physically in the space. If it works out using virtual reality in commercial real estate can be a game changer and make previewing commercial spaces much easier and faster. VR will change the way commercial tenants do their commercial property site selection and planning before having to physically tour commercial spaces. This will also be a great tool for investors looking to buy commercial investment properties in different cities, states, or countries. There are some major steps to climb however as the VR technology gets better more and more commercial real estate companies will experiment with ways to improve their ability to lease and sell properties. There may not even be a need to visit some commercial properties before leasing or buying them as you will be able to see everything you need to see by just putting on some VR glasses. You can even buy or lease space across the country. With VR these CRE firms will be able to actually PUT a potential buyer or tenant in the space, enabling them to look around and get an idea of what it would be like to occupy and work in the space. Then within an instant the prospect could be PUT into another property for viewing. VR has the ability to capture the attention of prospects for up to 5 minutes or longer. Other uses for virtual reality in commercial real estate will be to see raw land, touring to be built properties, looking at building interior mockups, etc. And all this can be done without having to spend money on travel back and forth. Seeing Commercial Spaces with VR Can Save Time and MoneyMost decision makers have a lot on their plate and having to fly or drive across the country to look at multiple locations is very time consuming. However by being able to virtual tour commercial spaces they will be able to view spaces across different cities all within minutes thus saving valuable time. Also when touring spaces it can be hard to envision how it would work for your company once it’s finished out with a different layout, furniture, etc. VR will allow tenants to view sample floor plans so they can see what an unfinished space would look like after the build-out is completed. I don’t think that physical tours of commercial spaces will go away however virtual reality will cut down on the time needed to physically tour them. VR is still new and the cost cost and expertise is high which will making adopting the use of VR slow. However as the costs go down you will eventually see more commercial property owners using it so that buyers and tenants can more easily view their spaces.
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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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