kylejeidson

[kylejeidson]

Short Term Warehouse For Rent in Southeast Austin With Dock High Loading

If you need to lease smaller warehouse space with dock high loading in Austin but not ready to sign a long term lease then you might want to check out this warehouse sublease located in Southeast Austin.

Warehouse space inventory is tight in Austin which means most landlords won’t do less than a 3-5 year lease depending on the existing condition of the space, however this sublease would allow you to go as short as month to month. 

If you are interested to know more about this sublease or about other warehouses for rent in Austin give us a call at 512-861-0525. 

Details About This Southeast Austin Warehouse Sublease

Building Name – Freeport Tech Center Building 2

Address – 6320 E Stassney Lane Austin, TX  78744

Size – There is 50,000 sf available however can rent as small as 5,000 sf

Layout – This is bulk warehouse space with shared access to a conference room and access to dock high doors and one ramp

Shared Access – Access to wireless internet, trash collection, video surveillance and alarm. Racking equipment also available

Base Rental Rate – $0.59 sf with yearly increases

Estimated NNN – $0.299

from 2019

Sublease Term – Open to Month to Month or longer. 

Clear Height – 32′

Average Bay Size – 56′ x 210′

Column Spacing – 52′ x 56′

Layout for Suite 250 at 6320 E Stassney Lane Austin Tx

Short Term Warehouse For Rent in Southeast Austin With Dock High Loading published first on https://nathanksmith.wordpress.com

[kylejeidson]

How Many Square Feet of Office Space Should My Business Lease?

How many square feet of office space do you need for your business? When planning on leasing office space there are a number of things one must consider to determine how many square feet to lease. Having an architect do an office space program that is based on how you will use the space is a good idea however you also have to consider the parking ratio a building has.

Office Buildings Have Parking Ratios Businesses Must Adhere To

First of all most buildings have parking ratios that they adhere to so as to avoid over parking. For example Austin Tx office buildings rentals have parking ratios that typically range from 3.3 to 4 per 1000 sf. What that means is that for every 1000 sf you lease you will be allowed 3.3 to 4 parking spaces. This equates to 250 to 300 sf per person. Per most leases if you exceed this amount you will be in default on your lease. Some landlords can be a little more flexible than others with this if they have a lot of extra parking available, if city code allows it, and if it won’t make it difficult for other tenants to find parking spaces. It’s important to find out how strict they will be with this requirement before you sign a lease if you think you will need more parking spaces than the commercial property will allow.

Actual Office Space Square Footage Needed By Most Companies

In reality, office building parking ratios and how much office space companies actually need or use are not in line with one another. Times have changed and a lot of companies are designing their office spaces in a way that makes them more efficient and collaborative. Depending on the office space layout (open vs hard wall) most companies only need 160 to 200 sf per person. Having an open office layout will allow you to use the space more efficiently and squeeze in more people, while obviously the more hard wall offices you have the more space you will need.

 A Few Things To Consider When Reviewing Office Buildings For Lease

As you look at office space options it’s important that you find out what the parking ratio’s are and if there is some flexibility in that number if you ended up exceeding that 2 years down the road.

If the Landlord will agree to giving you more parking spaces than the building allows make sure you get that in writing on the lease contract.

 Hire a good architect or space planner who can help you determine your actual space needs. They will look at a number of factors including but not limited to the number of employees you have, your ideal office configuration (open vs hard walled), number of offices, break rooms and other meeting rooms needed, etc.

How Many Square Feet of Office Space Should My Business Lease? published first on https://nathanksmith.wordpress.com

[kylejeidson]

3,667 SF Office Space Sublease For Rent in Northwest Austin

If you’re company is growing and you need the flexibility of a short term office in Austin then you might want to check out this 3,667 sf office sublease in Northwest Austin located in the Arboretum.

The Northwest Austin office market is very tight and most landlords are pushing tenants to sign 3-5 year leases. This sublease only has 25 months of lease term left so this is perfect for startups and those not ready to commit to long office lease contracts.

This space is move in ready (furniture is available) and all utilities are included in the rate. If you are interested know what other options there are that will enable you to sign leases shorter than 3 years give us a call at 512-861-0525

The building is located in the heart of the Arboretum area that includes shopping, dining, Starbucks and the Renaissance Hotel all within walking distance. There is also a sand volleyball court and a building shower. The building is also 5 minutes away from the Domain and many residential communities and has easy access to Hwy 183, Mopac, and Loop 360.

Details of This Northwest Austin Office Space Sublease

Size: 3,667 Sf

Layout: Reception, 7 offices, conference room, open area for desk, copy/work area, break area

Building Name: Arboretum Atrium is a 3 story professional building with common are lobby and bathrooms

Address: 9737 Great Hills Trail, Suite 150, Austin Tx 78759

Rental Rate: $38 sf gross (this includes electric and janitorial)

Sublease Expiration Date: February 28th, 2022

Furniture Available: Office furniture is available. All of the desks convey with the space and the table and chairs in the conference room. The PC, the phone, the TV and the video conferencing setup, will likely go. In addition, the central cubes and refrigerator stay. Some of the chairs stay, too. We can also talk about PCs, monitors, keyboards, lamps, TV, most of the white boards, and the chairs that were purchased later.

Floor Plan for Suite 150 at 9737 Great Hills Trail Austin Tx

Contact Us About This Office Space Sublease in Northwest Austin 

For more details about this NW Austin office space sublease call Nathan K Smith at 512-861-0525

If you want to know what other short term offices spaces are available let us know and we can help you find the perfect space at no cost to you.

3,667 SF Office Space Sublease For Rent in Northwest Austin published first on https://nathanksmith.wordpress.com

[kylejeidson]

Calculating the Amount of SF for Your Office Space

Here is another question that we come across frequently: “How many square feet do I need per person in my office space?” There are a couple of things to take into consideration when calculating the amount of space necessary for every person including your desired space layout and the parking ratio of the building. Here is how they come into play when determining this number:

The first scenario will deal with a building where the parking ratio is an issue. Typically, parking ratios for office space range from 3.3-4/1000, meaning you are allotted this many parking spaces for every thousand rentable square feet you are occupying.

Example 1:

Square feet: 1,000 Employees: 4 Parking ratio: 4/1000 Result: You could lease this space because it meets the parking requirement

Example 2:

Square feet: 1,000 Employees: 5 Parking ratio: 4/1000 Result: You will need to lease more space in order to have enough parking

In some scenarios the parking ratio is not an issue. This gives the tenant some room to play based on the layout of the space and in some cases will allow the tenant to fit more employees into a smaller space. The average amount of space per person in an office with cubicles ranges from 175-250 square feet and 200-300 in a space with offices

With that said, a software company with space that will primarily be cubicles could fit in 5 or maybe even six people into a 1,000 sf office where the parking ratio is not an issue.

Likewise, a law firm whose office will primarily be hard walled offices will be able to fit 3-4 people in a 1,000 sf office based on the larger amount of space needed per employee.

For more information on calculating your space requirements or finding Austin Tx office space for lease give us a call at 512-861-0525.

Calculating the Amount of SF for Your Office Space published first on https://nathanksmith.wordpress.com

[kylejeidson]

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:

The size (in square feet) of the office space you are about to lease (e.g. 2,400 SF)

The landlord’s asking lease rate. Could be quoted as a gross lease (e.g. $26 SF) or a NNN lease (e.g. $14 SF+ $12 NNN SF). More about NNN (aka operating expenses later).

The number 12 (number of months in one year)

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.

How to Calculate the Monthly Cost of Renting Office Space for Lease in Austin Tx published first on https://nathanksmith.wordpress.com

[kylejeidson]

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.

Back-up Your Commercial Lease Contracts published first on https://nathanksmith.wordpress.com

[kylejeidson]

Commercial Real Estate Agents - What You Need to Know About This Field

Within the world of real estate, there are a wide number of choices of careers. Besides the most common type - residential real estate agent or realtor - there are also jobs in commercial estate, commercial brokerages, residential brokerages, industrial brokerages, farm estate, appraisal offices, property management, land development, urban planning, research, and counseling. Here are some things you should know about commercial real estate to see if it's right for you.

Within the world of commercial estate, there are several sub-categories. There are retail, industrial, institutional, office, resort, and investment. In big cities, this can get broken down even further. Some agents might only deal in high-rise office tower leasing, for instance.

It's easier to get into residential estate, and it's also easier to earn your first paycheck in that part of the field. It can take the better part of a year to get into the business and close your first deal. That being said, the payoff can be much greater than a residential deal would ever be. The properties a commercial agent handles are of a much higher price than houses are. The commission amounts, therefore, are much higher. A commercial agent is also less likely to need to divide the commission.

A commercial real estate agent can make as much as double that of a residential agent. The National Association of Realtors estimates that a commercial agent can make over $85,000 a year as compared to an average of just over $39,000 for a residential agent.

You will have to have a more insistent salesperson's personality to be successful in commercial real estate. Many are younger and more of a go-getter than you find in other areas of estate. It is also a dominantly male field, but women can be very successful. It's seen as more of a career than residential, which can be done part time if you wish.

Read More: Commercial Real Estate Agents - What You Need to Know About This Field