Domain 12 Office Space For Rent – 3110 Esperanza Xing

The following post is copyrighted by Austin Tenant Advisors - .

Domain 12 Office Building is located in North Austin at 3110 Esperanza Xing. At 17 stories It will be the tallest office building at the Domain. If you are interested in leasing office space at Domain 12 give us a call at 512-861-0525

Building Size – 320,102 RSF

Building Height – 17 stories

Typical Floor Plate – 33,405 RSF

Parking – Parking ratio 3.8/1,000 sf. Garage parking on levels 1-8

Amenities – Bike storage, Showers, jogging trails, 35,000 sf of outdoor park space

Walking Distance To – Whole Foods, Archer Austin hotel, Rock Rose Blvd

For rates and availabilities give us a call and we will help you find the perfect Domain office space.

 

The post Domain 12 Office Space For Rent – 3110 Esperanza Xing appeared first on Austin Tenant Advisors.

How Much Does it Cost to Use a Tenant Representation Broker?

Costs to Consider When Buying Commercial Real Estate Property

The following post is copyrighted by Austin Tenant Advisors - .

When purchasing commercial property you will incur other costs in addition to the actual sale price. Below are a few costs to consider that you will have to pay during the due diligence period before the closing and costs incurred during the actual purchase process.

• Phase 1 Environmental – This is an environmental report on the commercial property. Typically the commercial buyer pays for this. The cost typically run between $1,500 and $2,500 for good locations. For poor property sites the costs could be even more.
• Appraisal – When borrowing money from a bank they will require that you get an appraisal done. Buyers typically pay for the commercial appraisal. Depending on the size of the property they can start at around $2,000 and go up from there.
• Survey – If there is no existing survey a buyer would want to have one created. The cost depends on the size of the land & improvements and is typically paid for by the buyer, however in some cases you can get the seller to reimburse for part of the cost. As an example for a 5 acre commercial property it would be $5,000 to $7,000.
• Loan Origination Fees – If you are purchasing the commercial real estate property via a bank loan you might be required to pay a loan origination fee. This is typically ½ to 1% of the loan amount. Depending on the size and terms of the loan there maybe other lender fees as well.

If you have not purchased commercial real estate before it would be a good idea to get help from a commercial real estate broker. They can help you navigate the process of buying and selling your commercial property and give you valuable market information. There are also other things you need to know when buying commercial real estate

If you have any questions about this don’t hesitate to give us a call.

The post Costs to Consider When Buying Commercial Real Estate Property appeared first on Austin Tenant Advisors.

What Costs to Expect When Budgeting Commercial Office Space Build-Out

The following post is copyrighted by Austin Tenant Advisors - .

Before signing a commercial office space lease it’s important that the tenant or the landlord get a preliminary construction bid to see how much the tenant improvement allowance will cover and how much out of pocket (if any) the tenant has to come. This way there are no surprises later and the tenant does not spend more than they were prepared to spend.

Major categories that go into a preliminary commercial finish out bid and their percent of total costs

• Hard Costs – Will be 75% to 85% of your construction budget. They will always be the largest piece because they include the actual construction of the space and the costs depend on the size of the space and quality or level of finishes. They typically cover the mechanical, electrical, plumbing, paint, flooring, drywall, doors and windows, and framing.
• Soft Costs – 8% to 12% of total costs. Are things such as architectural fees, legal fees, engineering fees, TAS ADA review, permit expediting, reimbursables. Typically easier to estimate than hard costs
• Vendor Costs – Typically 5% to 10% of total budget. Items such as furniture, data and phone cabling, security, moving, and signage costs are vendor costs. It can sometimes be negotiated to have the tenant improvement allowance cover these items however typically the tenant pays for them.
• Contingency Allowance – 5% to 10% of budget. The reserve of money that is added to a project budget to cover unforeseen expenses and changes. Also covers scope creep which are items that are added after the fact.
• Project Management Fee – This ranges between 3% and 5% of total costs. Project managers help you mange the project, help with the schedule, budget, and quality of project.

Those are the primary categories and percentage of costs. To see the average sf price for tenant finish outs go here.

 

The post What Costs to Expect When Budgeting Commercial Office Space Build-Out appeared first on Austin Tenant Advisors.

November Sponsor Showcase, Round 2

Thank you to our November sponsors…

How will you keep up with the changing MLS landscape and technology while also growing your business? With ListHub, the largest and most trusted partner for broker-authorized listings from nearly 600 MLSs in the United States! ListHub provides a reliable, accurate, and industry-friendly platform for publishers to receive regional or national real estate listing data from over 60,000 registered brokers.

Learn More

Geek Estate: A private community of creatives making real estate, financial independence, & home ownership more accessible using technology? Sign up as a founding member for discounted pricing for life. Only 15 founding member slots left.

Become a Founding Member

Horizon facilitates finding places to stay, swap, or live with friends, friends of friends, and communities (Peace Corps, University of Washington, Church of Latter Day Saints, Geek Estate, etc).

Do you believe the world needs a community funded hospitality exchange platform that doesn’t sell out or plaster ads all over the screen? A platform focused on facilitating true community, and not “transactions”? A platform that gives a damn about giving back? We need your financial help to continue improving Horizon’s product & unlock travel opportunities to grow the community of global citizens.

$2 per month is all we ask.

Contribute Now

We build consumer products at the intersection of community, real estate, and travel. Have a killer product idea and funding, but not expertise to bring it to fruition? Drop a line.

Learn More

Interested in being featured next month? Shoot us a note.

Geek Estate housekeeping:

• How can we help you in 2017?
• Are you a product manager, engineer, or designer looking for work? Let us know what you’re looking for.

The post November Sponsor Showcase, Round 2 appeared first on GeekEstate Blog.

from theokbrowne digest http://geekestateblog.com/november-sponsor-showcase-round-2/

How and Where to Find Commercial Real Estate Listings

The following post is copyrighted by Austin Tenant Advisors - .

When you own or manage a business at some point you will to need to find commercial real estate listings for lease or sale. Depending on the city you are in finding commercial real estate can be difficult especially in large metropolitan areas where there can be multiple thousands of commercial buildings and spaces.  For example there are over 3,000 Austin commercial real estate property listings with over 6,000 spaces. If you need help finding commercial space in Austin give us a call 512-861-0525.

Most companies that need business space fall into one or more of the categories below:

• Local Start up or new business needing space for the first time
• Existing local company that needs to expand and/or relocate
• Out of town company looking to open a satellite office in a new city
• Out of town company looking to relocate head quarters to a new city

If you are not familiar with the city you need space in you may not know where to find commercial real estate listings that are right for your business. Of course you will see for lease signs on every street corner however how do you know if those particular buildings have the size, layout, and pricing that meets your needs? The only way to find out is if you call and email every commercial real estate listing agent, which can take many hours of your time.

How to Find Commercial Real Estate

1. The best way to find commercial real estate is to hire a local commercial real estate agent that specializes in the type of space that you are looking for. A tenant representative or buyers rep can save you a ton of time and their services typically don’t cost you anything as they split a commission that is already being paid to the landlord agent. Their fiduciary duty is to help you ask all the right questions, find the right space, and negotiate the best deal. Once you tell them about your companies space needs they will do all the work to find commercial space which would include calling all of the landlords in your desired area to ensure that what they have listed is still available, confirm pricing, gather floor plan, schedule tours, etc. They will then present you information on only those spaces that meet your ideal location, size, timing, and budget.
2. Search on your own or have one of your employees search for space by driving around calling on for lease signs or searching the internet. You can certainly go this route however keep in mind the time and effort that you will be spending doing this on your own. Especially if you are not familiar with the area or not sure what questions to ask the landlords. 

Where Can I Find Commercial Real Estate Listings

Over the past few years there have been a lot of online commercial real estate listing sites pop up that are basically lead magnets. The data is almost always outdated or they leave out important listing details like whether a property is full service or a triple net (NNN) lease which causes a lot of confusion for tenant and buyers. They can sometimes be a good place to start however don’t assume the data is correct until you confirm it with an agent. Below are a few of these websites. 

• Loopnet
• rofo
• 42floors
• thesquarefoot
• realmassive
• suitedeals
• cityfeet
• officespace . com
• craigslist office and commercial
• commercial search . com

If you plan on searching online for listings then Loopnet is probably your best bet. However keep in mind the data can be misleading. I once had someone tell me they found a great retail space on Loopnet that was only $35 sf in downtown Austin. Not until after they signed a lease they found out that in addition to the $35 sf they also had to pay $15 sf for the operating expenses or NNN. This was a costly mistake that cost them thousands.

If your going to do this on your own make sure you do your homework and ask all the right questions to ensure you don’t make costly mistakes. Otherwise consider hiring a commercial real estate finder that will listen to your needs, find you the right space, help you negotiate the best deal, and ensure you avoid making costly mistakes.

The post How and Where to Find Commercial Real Estate Listings appeared first on Austin Tenant Advisors.

A Creative SEO Strategy: Support Crowd Funding Campaigns

Here’s a link building idea for those thinking about your business on a long enough time span to invest in SEO…

Support crowdfunding campaigns on platforms such as Kickstarter, Patreon, and IndieGoGo — especially if you can get in early enough with one to become a showcase supporter/sponsor. You’ll often be able to milk the makers for a link or two or three, at a much, much cheaper price point than other link building initiatives/endeavors.

What’s the most effective link building strategy you’ve implemented?How much time and/or money did it require?

PS #1: Yes, it so happens Horizon has a crowd funding campaign in need of supporters…

PS #2: Yes, I’ll show my gratitude for financial support with a link from this domain if you contribute at least $5 for 3 months to our Patreon campaign… (As a data point for you, I routinely receive pitches in my inbox to buy one link on the Geek Estate domain for between $50 and $150. I delete all them, but it’s clear there is still financial value to obtaining them.)

[Image via https://www.cuttingedgecapital.com/]

The post A Creative SEO Strategy: Support Crowd Funding Campaigns appeared first on GeekEstate Blog.

from theokbrowne digest http://geekestateblog.com/creative-seo-strategy-support-crowd-funding-campaigns/