Industrial Space Lease Austin
Industrial Space Lease Austin Tenants are looking for industrial space for lease in Austin with various usages. There are different types of industrial space that are available that may or may not suit a tenant’s requirements. One of the most popular needs from tenants is to acquire small warehouse space for lease. Small industrial space in Austin for lease starts at anything below 5000 square feet. Typically the smaller warehouse property footprint does not allow for certain attributes that may be considered as important to tenants....
read moreRealtors break from Zillow and Trulia Summary
Realtors break from Zillow and Trulia Summary Many people feel since the advent of the internet and information at everyone’s fingertips a broker for commercial real estate or an agent for residential real estate is no longer needed. The question comes up, “If I can find the information myself, why do I need a Realtor or Commercial Real Estate Broker?” Recently 8 residential real estate brokerages broke their ties with Zillow and Trulia. The main thrust behind this decision was the Austin Board of Realtors said that it...
read moreAustin Mini Storage Warehouses
Austin Mini Storage Warehouses Originally called mini warehouses the common terminology today is self storage warehouse or mini storage property in Austin. There is some liability associated with the word warehouse and this is why the change has occurred. Under common law, a person who runs a warehouse in Austin where goods are stored for the general public is fully responsible for those goods that are stored. Because landlords lease mini storage or self storage warehouses to tenants this is the main reason the terminology has changed....
read moreAustin Warehouse Space for Sale Report October 2013
Austin Warehouse Space for Sale Report for October 2013 There are alot of buyers that look for Austin warehouse spaces for sale ,this is a summary of the supply of warehouse space in Austin for October 2013. We can start with where the supply of warehouse space is in Austin by square footage. The thinnest area of warehouse properties for sale is in the 5,000 SF range or lower. Below are bullet points summarizing the supply of Austin warehouse space at 5000 SF or below. 5,000 SF or lower In the Austin area <5,000 SF there are a total of...
read moreLandlord Tenant Relationships
Landlord Tenant Relationships When a tenant enters into a lease agreement the landlord are not mutually exclusive relationship. Any good relationship between a landlord and tenant relations begins with a clear understanding of the rules and regulations along with provisions of the lease agreement. During the lease period it is important that the servicing of the lease is done correctly and effectively. Renewals of lease agreements are an important part of the lease agreement as well because they do save a landlord the costs of improving an...
read moreTenant Relocation Austin
Tenant relocation Austin As a tenant there is going to be a time when you are looking to relocate or consider a relocation. This blog is about alternative strategies that may keep you were you are and as a tenant you do not have to relocate in Austin. When should you first consider relocation? Commonly, this happens upon your lease expiration. If as a tenant you are a start up business with no track history and you are looking to lease a warehouse space, there are quite a few things when you first move into a space. One of the key things...
read moreTenants in Common Overview
When a tenancy in common arrangement is created, each individual owner, called a “co-tenant” or “co-owner,”
read moreSummary of an ALTA Survey and Zoning
ALTA Survey and Zoning An ALTA (American Land Title Association) Survey is essentially a pictorial representation of the title showing a potential buyer the following elements: Boundaries Existing improvements Utilities and Significant observations ALTA Survey Costs Approximately 80% of surveys will cost a buyer $3,000-$6,000. Some of the common issues in a survey are differing legal descriptions , easements and encroachments , boundary issues with neighbors, flood zones and non conformance with zoning. Summary of an ALTA Survey and Zoning ...
read moreCommercial Property Due Diligence
The average turn time for a commercial real estate environmental study is 3 weeks with a cost of approximately $2000.00.
read moreTenant Improvements Explained
Tenant improvements explained Rarely in the case of commercial real estate does a tenant find a space layout that has a floor plan that matches exactly what a tenant wants. Tenant improvements also work a bit differently depending on the type of space you are looking at and is related usage. Here is a snapshot of what you would looking at for office space, retail space and warehouse space. Office and Warehouse tenant improvements Office space allowances Office space will usually have a tenant improvement allowance involved, landlords know...
read moreHiring a Tenant Representative
Hiring an Austin tenant representative There are 3 important benefits to hiring a tenant representative when looking for office or warehouse space to lease in the Austin area. First, a tenant representative does not typically charge their clients directly Tenant representatives are paid by the landlord of the property. Secondly, the tenant representative represents your interests only, not the landlords so there is no conflict of itnerests involved. And thirdly, a tenant representative will know the market well enough to help your company...
read moreAustin Warehouse Market | Q1 2017
Austin Warehouse Market | Q1 2017 Here is quarterly report for the Austin warehouse market at the end of March 2017. Current vacancies have remained relatively the same at 7% with occupancies continuing to stay very high in the Austin Texas and Central Texas area. Market fundamentals remain strong and average asking rents have increased since last quarter up $0.12 cents per square foot per year. Demand continues and supply of warehouse properties under 5000SF has become even tighter. As a tenant looking to lease a property in the Austin...
read moreBuyer Loyalty
Buyer Loyalty For every buyer a commercial real estate broker works with, we come into contact with another dozen “pretenders”. Buyer loyalty is critical to an effective transaction as well as the commercial real estate broker’s loyalty to the Buyer as their client. Pretenders use the Broker’s time and effort only to glean information from them and feel no buyer loyalty to buy a property that the Broker shows them during their engagement. Also what may happen is the Buyer make try to cut the Broker out of their...
read moreTenants in common
Tenants in Common In some commercial real estate markets it is difficult to convert rental apartments due to rent controls and condo conversion laws. Innovative real estate investors have found a way to circumvent the restrictive nature of the market by utilizing tenants in common also referred to as TIC. Tenants in common is a popular form of joint ownership which creates a hybrid type commercial real estate property. Snapshot of Tenants in Common and how it works Consider you have a four unit rental property that is depressed but due to...
read moreAustin Warehouse Market |Q2 2016
Austin Warehouse Market | Q2 2016 Here is a summary of the Austin warehouse market for the 2nd quarter in 2016, it is looking like we are headed for a 20 yr low for vacancies. Current vacancy rates in the Austin area are coming in at below 7 percent currently at 6.7%. There is alot of corporate interest in Austin and the city’s incentives to get the attention of large corporations. Most warehouse spaces that are being occupied are smaller in size below 30,000SF. Lease Rates for Warehouse Properties Austin’s warehouse leasing rates...
read moreWarehouse Update
Warehouse Property | Texas Triangle Dallas Houston San Antonio With the exception of San Antonio, the Texas Triangle reached it’s lowest point of new construction since the 1990’s. The following is a warehouse update on what is going on in the Texas Triangle area. Austin and Dallas hit their lows for warehouse properties in the months of May and October in 1992 with Houston to follow in 1993. The most construction for warehouse properties is currently in San Antonio, whereas San Antonio did not hit its low for warehouse...
read moreAustin Warehouse Market Update
Austin Warehouse Market Update – May 2016 The Austin warehouse market continues to drive vacancies lower and demand remains strong. Moving into the 2nd quarter of 2016, the warehouse market in Austin to move lower by another 1%. Currently the warehouse vacancy rate is at 7% , this is level that has not been seen since the tech explosion in the late 90’s. Of all the sub-markets in Austin three of them have vacancy rates below 1% thus almost having 100% occupancy. If construction does not take off with more product the rental rates...
read moreWarehouse leasing
Warehouse Leasing Warehouses are also listed as industrial property within the commercial real estate industry. What does it take when it comes to making a decision about warehouse leasing for your company? Do you know what your future needs will be?What about the difference between buying a warehouse versus leasing a warehouse, and utilizing a specialist broker in the warehouse space silo to help you navigate your potential solutions. Growth Near Term and in the Future? Do you have enough warehouse space to hold your inventory now and in...
read moreAustin Warehouse Market 2016
Austin Warehouse Market Report Summary 2016 The Austin warehouse property market continues to move towards lower vacancies and high demand especially for lower square footage properties. Any tenant expecting “a deal” on a 2 year or less commitment should forget about it, it won’t happen near term. Just telling the truth folks, of course you can always find this out on your own if you want. In 2009 the vacancy rates for warehouse properties hovered at 14%. Today they are at 7% vacancy, that is right a 50% cut in...
read moreNet Lease Investments
Who can invest in Net Lease Investments? A Net leased property can attract a wide variety of buyers, they can be high net worth individuals to partnerships to large institutional investors like real estate investment trusts, life insurance companies and pension funds. 1031 Exchange buyers are attracted to net lease investments as well. So, what are the benefits of investing into a net lease investment? Because a single-tenant, net-leased properties are bond-like investments they provide a more stable and predictable return. The existing...
read moreTitle Commitment
The Title Commitment When both parties execute the sales purchase contract, it will be delivered to the Title Company . Within about 20 days, the title company will issue what is called a title commitment. The title commitment is an agreement from the title company to issue a title policy based on the terms and conditions expressed in the commitment document. The only way to change the policy is to change the commitment. Changing or amendments to the policy would take place between the issuance of the title commitment and the closing of...
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