Are you looking for ways to ensure you’ve found the best office space for your company? Does negotiating with a landlord seem overwhelming?  If so, then you need to learn all you can about negotiating a lease for office space in Austin.

Doing so can help you find the perfect fit for your company both now and in the future. It can set you up with tenant-friendly terms, a reasonable amount of rent, and much more.

See below for an in-depth guide on how to negotiate a lease for office space in Austin TX and find the best fit for your needs.

1. Set Yourself Up With the Right Real Estate Advisors

If you set yourself up with the wrong set of real estate advisors, then you’re sabotaging your own chance to negotiate a deal.

Imagine this scenario: you bring in a real estate agent to help you negotiate a potential commercial lease with the landlord of a property they’ve pointed you to. 

During the talks, the landlord is surprisingly unwavering with what they’re looking for in terms of lease length, rent, etc. After the fact, you’re shocked to find out that the commercial real estate firm you hired doesn’t just represent you, but also the landlord that you were unsuccessful at negotiating with. 

That’s exactly the scenario that you’re walking into with most real estate agents. Most firms generally represent landlords as well, and will only point you towards the properties of those they represent. Doesn’t seem like a good start for negotiations, does it? Equally at issue is consider that you, the tenant, is the smaller party, and one that will only make a transaction every 3-5 years, versus the deep pocket landlord with several buildings, lots of spaces, and leasing to a different tenant monthly, It’s not hard to figure out where loyalties lie,

Thankfully, there are ways to avoid this problem. By using a conflict-free real estate company such as Austin Office Space, you are setting yourself up for successful negotiations. We only ever represent clients like you and never landlords. Even better, we have worked with these landlords over the past 20 years and know their sticking points and their typical gives. 

2. Create a Budget

Cost is likely on the top of your priority list, and rightly so. If you’re going to protect the future of your company, then you need to make sure rent makes financial sense both now and in the future. 

Start the process by creating a budget. How much do you currently pay for your office space in Austin TX? Are you looking to lower the price from what you currently pay? Are you looking for a larger or more attractive space that can support your growing company (and therefore willing to spend more)?  Your annual company budget can help you in your office space budget.

Having a budget will help you in several ways as you search and negotiate for a new office space. First, with a solid budget, we can browse the Austin corporate listings and find options that fit your financial parameters.

Also, a budget can help guide negotiations and help ensure affordability.

3. Know the Conditions for Termination

The termination conditions on a lease are typically unwavering. If you’re intentional about upholding your lease obligations, then you likely won’t run into any situations that warrant a termination of the commercial lease.

That said, you’ll want to have a firm understanding of what those conditions are, which we can help negotiate for you. The last thing your company needs is to be blindsided by a canceled lease.

Don’t worry, in Texas, landlords can’t just terminate a lease on a whim. The only time they’ll consider terminating the lease is when you don’t meet up to your end of an agreement. This could be for things like not paying rent, certain unethical events taking place, or your company becoming a danger to others around it.

4. Ask About Additional Fees

Those of you that have been renting office space for a while know that a commercial lease is never as simple as paying for the agreed-upon price of rent.

There will be additional fees—commonly referred to as “incidentals”—that you will need to pay. Why not get out ahead of these by asking for them in advance.

Such incidentals might include costs like lease renewals, tenant improvements, maintenance for a shared lobby, and so on. Some of these can be negotiated as well!

5. Think About Renovations

There may be some spaces that are in perfect shape when you move into them, but they also may be above your budget range.

It’s okay to walk into an office space in Austin TX that needs a few renovations; you’re likely going to make some aesthetic changes to match your brand anyways. 

But who will pay for those renovations? How much of the renovations does the landlord expect you to pay for? If it’s a substantial amount, then would they consider giving you a month or two of free rent? After all, it’s an improvement to their property that they won’t have to pay for. With a long enough term, many landlords will provide tenant improvements at no cost to the tenant. These are highly negotiated provisions, and we negotiate these often on our clients’ behalf.

Negotiate the Perfect Office Space in Austin TX for Your Needs

Now that you have seen several key things to consider when you go to negotiate a new office space in Austin TX, be sure to use this information to your advantage.

Take the time to read this article to learn more about Austin Office Space and why we’re the best fit for your needs. To get started, call us at 512-349-0003 and we will be happy to assist you further.

 

Are you looking for a commercial property to lease in Austin? Whether you’re relocating from your current address or opening a shop for the first time, there are numerous rental options available.

The lease agreement is the mechanism by which a tenant can lease a commercial space directly from a landlord. Commercial leases are different from residential contracts and often vary from state to state city to city, and market to market.

If you are looking to lease office space in Austin, this overview of commercial lease agreements will give you more insight into the market.

Inclusive are tips on finding the best office space in Austin, some red flags to be aware of, and leasing costs. So let’s get right in.

Commercial Lease Types

Before you sign on the dotted line, you need to know what kind of agreement you’re getting into. This is because a lease determines what you’ll pay for and stipulates your liabilities as the tenant.

Legally, the three main types of commercial lease agreements are set forth below. In Austin, leases are customarily full service (rent is inclusive of all expenses) or a Triple Net Lease or “NNN.”:

Single Net Lease

Although it’s the least preferred by tenants, the single net lease is one of the lease agreements you may come across. Here, the agreement lists the tenant as the party responsible for paying the building’s base rent and property taxes.

The landlord covers other costs arising from operations in the property.

Double Net Lease

This type of lease agreement is similar to a single net lease. But, only some of the costs are more rationally distributed. In double net leases, also known as ‘NN’ agreements, the tenant pays two of the three property expenses. 

Depending on the contract details, these can be taxes and utilities or taxes and insurance premiums. Either way, the landlord covers the remaining expense.

Triple Net Lease

A Triple Net lease is the most common lease structure in the Austin market. It also tends to be the most complicated lease because the tenant absorbs most of the landlord’s financial responsibilities. In this type of agreement, the lessee pays all property expenses, including taxes, insurance, and maintenance.

On the bright side, NNN leases have lower rental amounts as the tenant covers most of the cost. 

Common red flags in Lease Agreements to be Aware of

Now that you know the types of leases and each category, what remains is signing the dotted line. Before you pull the trigger be aware of these common red flags:

Landlord Financial Woes

General knowledge about the landlord is beneficial. Consider doing background research of the owner’s financial situation. Our brokers are familiar with the Austin market and the reputation of various landlords, but here are a few things you may want to consider:

Look at the current state of the building, check to see if it’s uncared for or there are unoccupied office spaces. Plus, if the tenants have a poor track record of making payments, it could be that the landlord is struggling financially.

Unclear Charges and Rights

Our brokers review every lease agreement for commercial terms. Some landlords don’t clarify the tenants’ rights and net charges in a lease, which are severe omissions. This is because you’ll need them for a financial audit at the end of every year. 

Furthermore, if the landlord fails on their obligations such as maintenance, there must be consequences for these actions.

Poor Delivery Conditions and Repair Terms

Depending on the lease agreement, tenants may inherit the problems that come with the premises. 

If there are problems with major systems like HVAC, plumbing, and electrical,  the lease should stipulate who will cover these costs. 

Ambiguity

Ambiguous statements or varying numbers in the figures can cause confusion.

The best way to avoid misunderstandings down the road is to have a professional tenant representative and your attorney review and assist you with lease negotiation.

Tips on Locating the Best Office Space for Rent in Austin

Settling a lease agreement could be a complicated and lengthy process, and one our brokers are equipped to assist with. These tips will help you minimize errors and negotiate a feasible price offer for the space you intend on leasing. They include:

Consider Tenant Representation

Tenant representatives, such as Austin Office Space, are agencies that represent the tenant during lease agreement negotiations. Other agencies often represent both the tenant and the landlord, which can, at times, cause a conflict of interest for the tenant. Determine Your Requirements

What will you be using this space for? This is the first step to finding a property that suits your business needs. 

If you have a growing workforce, you’ll need a property with growth possibilities.

Send Proposals to Potential Landlords

Before getting to the actual lease signing phase, sending out lease proposals is often beneficial to ensure that the space, and the potential landlord, are a good fit. After stating your terms, you will know if they’re willing to consent to them or not.

It is best to consult with a tenant representative to help you draft a complete commercial lease proposal that you don’t have to bargain for yourself. Tenant representatives understand the market, what concessions a particular landlord might be willing to make, and they can also help analyze any feedback proposals you get to determine the best offers.

 

Cost of Leasing a Commercial Space in Austin Texas

While other factors matter, none is greater than the price because it can break or seal the deal. But, the cost may vary from one market to another, and the Austin office market continues to grow.

Unlike some other commercial real estate markets, landlords in Austin calculate rent monthly as opposed to annually.

So, to get the exact amount you’ll have to pay, add the base rent to the operating expenses, or “triple net”and multiply the figure with property square feet. Then, finally, multiply the resulting figure by twelve if you want to get an annual fee.

Getting the Right Office Space for Rent in Austin

Finding an office space for rent in Austin is a big step, and leasing an even bigger one. Before you start hunting, consider these points and hire a professional to help you succeed. In Austin, tenant representatives are paid out of the landlord representative’s commission, so generally, their assistance to a tenant is at no cost to the tenant.

If you want a smooth leasing experience, please contact us for trusted tenant representation in Austin, Texas.

Congratulations on taking the daring step to become an entrepreneur. But do you have office space ready to go? When looking for commercial space options, remember you need the right environment for your management, administrative, and marketing activities to take place. 

Whether you are starting, relocating, or expanding your business, picking the right commercial space is invaluable. However, finding commercial space for rent in Austin, TX is not a piece of cake. There are multiple factors that you ought to consider before making the final decision.

For example, did you know the average rent for offices in Austin was around $36 per square foot in 2019? That can be significant, considering the size of your business. You can’t afford to make the costly mistake of picking the wrong commercial space options.

What are the specific features to check for when choosing a commercial property for rent in Austin? Here are some factors to help you pick a suitable Austin office space for lease.

Location

Do you know the location of your business will significantly affect its growth? When renting commercial space, location is key.

What kind of business do you operate? Do you expect customer and employee walk-ins?

These questions help determine the right location for your business. You want to make your business easily accessible to everyone who needs access to it. The right commercial space location should be located near your customers.

Do you need a central or remote business location? When renting space for businesses, choosing a remote location doesn’t matter if no customers are expected. However, if the flow of clients is expected on a daily basis, you might need to think about picking a remote location.

In addition, check on the amenities provided in or near the commercial space.

Is the neighborhood safe? Is there ample parking and accessible public transit? What about a coffee shop or restaurant for your employees?

You also don’t want to choose a space close to a busy highway or railway if your employees need concentration.

Depending on the type of business you run, you should also determine exactly where your business will be within the property. If you expect many clients, such as in a clinic, salon, or grocery store, you might want to have your physical location on the ground floor.

However, if your business is online and only requires desk-work employees, then any location within a building should suffice. Remember to take into consideration handicap accessible locations.

Check the Price

You already have a budget for the amount you wish to spend on rent. A budget is essential when determining commercial space options within your price range. However, come up with a reasonable budget if you wish to get a suitable space for your business.

Commercial spaces at prime locations, such as central business districts, are likely to cost more than those in remote areas. Also, a less secure neighborhood is likely to be much cheaper than a secure one. You must pick a space that strikes a balance between your must-haves and the price you can realistically pay.

Choosing a costly space can easily lead your business to financial turmoil. If you are a startup, pick a low-to-mid rent range until your business picks up. However, a well-established business can opt for high rent areas, since they already have the capital.

When evaluating the price of commercial space, don’t forget extra costs such as cleaning, water, and electricity.

Services and Facilities

Does the space offer all the services and facilities your business needs to get up and running? Imagine renting a space, only to find out after signing the lease contract that it doesn’t have an internet connection.

Don’t hurriedly choose an office space; create a checklist of the crucial amenities, facilities, and services that are a must-have in the space you are renting. 

After setting up your business in your new office space, you should be able to operate smoothly and without any interruptions. If you find there are interruptions, such as excessive noise, contact your landlord immediately. 

In addition, services and amenities will affect your employee’s motivation and productivity. Think about your employees having to work in a noisy place without air conditioning during hot summer months. Such an environment might increase the rate of employee turnover within your business.

Check on details such as security within the building, neighborhood crime statistics, internet connection, air conditioning, and CCTV surveillance availability. 

Lease Terms

Before signing a commercial lease agreement, do you fully understand the terms? You don’t want to be legally bound after signing a bad lease. Check through the terms and conditions to confirm they are friendly to your business.

If it is a long-term lease, work with a lawyer who will help you understand the terms and conditions of the lease. They can check to see if the terms of your lease comply with your specific needs. 

In addition, you want to check details such as the duration of the lease and break-lease fees, when applicable. Do you need the lease for a few hours, days, or months? Your business goals and needs will determine the time period you need the space for.

Furthermore, you don’t want to lease a commercial space for a month when you only need it for a few days.

Regardless of how great the location is, a bad lease can hinder your chances of establishing a successful business.

Choosing a Commercial Space for Rent Austin, TX

Commercial space is more than just a physical location for your business; it impacts every aspect of your business. It’s vital to review all the factors influencing the functioning of your business when picking a commercial space for rent in Austin, TX.

Here at Austin Office Space, we simplify your search by providing you with a list of available commercial spaces based on your needs. After you have identified a retail space you like, we will organize office tours for you.

Contact us if you need to rent a commercial space today.

Most people will spend about 90,000 hours or 1/3 of their lives at work. If you’re a small business owner, manager, or entrepreneur, add 33% to that already whopping total.

With those numbers in mind, it goes without saying (but we’re going to say it anyway) that choosing the right office space is a big deal. Don’t you wish there was a button you could push or a link you could click that would immediately show you the perfect one?   

Unfortunately, if you’ve been considering a move or are looking to open the doors to your first real office space, then you’ve probably figured out that it’s not exactly the easiest wish to grant. 

How will you find the place that will essentially be your home-away-from-home? 

Don’t worry, we’ve got you covered. 

With hard-working, people like you in mind, we’ve put together this guide to finding an office space for rent that will meet your needs now and in the years to come. 

The Self Survey

Before you start your search, it’s a good idea to answer these 4 questions so you’ll have a solid idea of what to look for in an office space for rent.

1. What’s my budget?

You knew this was coming. This is the most important question and it needs a definitive answer. Sort of. What we mean is that you should be defining a range of rent amounts that your business would be comfortable paying. 

It should be noted that the price in most listings for office space for rent is for base rent, which is only for the space. The listed price doesn’t include additional fees or taxes. 

So be realistic and remember to include some cushion in your monthly rent range that accounts for an estimate of CAM fees (common area maintenance fees) and tax, as well as additional charges for amenities like parking. Many office buildings also include electric and janitorial services with your lease and ALL of the fees together are called NNN expenses or “triple net”. 

There are likely to be a few one-time fees involved with moving into a new space such as the issuance of security keys or cards for each of your team members.

2. How much office space do I need? 

You don’t have to know the exact square footage, you just need to consider how many separate parts of an office would be necessary for your ideal and most effective workflow. 

When we say “separate parts of an office,” think about: 

• How many individual offices are needed? How many people need separate offices with their own doors? 
• Do you need a reception area that’s separate from the rest of the office? This is sometimes a preference and sometimes a requirement. If you love everything about an office space but it doesn’t have a reception area and you need one, it might be possible to make it happen. 
• Do you need a break room or lounge? If you have or would like to offer your staff something extra, say a yoga or meditation space, a juice bar, a gym- anything, you want your future space to have room for that. 
• How about a bathroom? Most buildings will have common area restrooms, which are restrooms that are shared with other building occupants (usually by floor), but if you’re looking for an exclusive one, be sure to keep that in mind because it’s not always a simple matter to add a restroom to an existing space. 
• Does your business have special needs? No, this isn’t a trick question, we know that all businesses have special needs, but in this case, you want to think about things like servers and copiers. Do you have a massive collection of servers that need a temperature-controlled climate? Maybe your business includes 3D printing and your 3D printer needs its own space? Or maybe you have files that have a minimum or secured storage requirement? 
• Future expansion? If you expect to add to your team in the next 2-5 years, you don’t want to have to move again, so leave some cushion in your square footage for additional team members.  

3. Where is my ideal office located?  

Location, location, what about location? We don’t just mean “Austin, TX” or “Dirty 6th Street.” Although we can certainly see the appeal for both of those. Yes, you should know which city, but also think about the kind of neighborhood that your business would thrive best in and around.

The downtown metro area? More suburban? Industrial? Is there something that you need to be close to for maximum business model effectiveness?

A big part of the answer to this question should take your target demographic into consideration. Where are your customers? Where would they think it would be most convenient for you to be located. 

For example, many businesses opt to be in what’s known as the “CBD” or “Central Business District” of a city even though it’s mostly a Monday through Friday business potential because they see the advantage of being right where their customers are for most of their waking hours during the week. 

Keep in mind (for your budget’s sake) that you’re very likely to pay a premium for a hot spot CBD location, no matter which city you choose. But it might be worth it, so be sure to consider that option.  

4. What kinds of amenities am I looking for? 

In real estate terms, “amenities” refers to any property feature that isn’t considered essential, but adds comfort, convenience, or enjoyment. It’s a good idea to make two lists for this question. One list will be for things that you can’t do without and the other will be a “wish” list.  

If you need some inspiration for this question, we’ve put together the following lists of “common” and “uncommon, but popular” amenities offered in the world of commercial office space for rent:

Common

• High-speed wifi 
• Fitness facilities
• Showers
• Secured access, such as key card or code
• Conference or meeting rooms
• Covered parking
• Reserved parking  
• Concierge or Lobby Reception
• Lounge areas
• Bike racks
• Additional storage space
• EV parking spaces
• Green spaces 
• Dining options on property

Uncommon But Popular

• Pool
• Rooftop lounge areas
• Exclusive restaurant for tenants and their guests
• Child daycare services

 

Keep in mind that A (amenities) = MMM (more money monthly). This equation is the reason we suggested that you have two lists for this question.

Ask yourself if an amenity is “Must Have” or “Wish For.” You’ll thank yourself for that later. 

These lists are by no means exhaustive, but they’re a good start. 

Putting it all together 

Don’t shoulder this consideration process all on your own, get together with your leadership team and get some feedback from them. Ask them if they have any ideas or suggestions for what they’d appreciate in the next version of a workplace. What kinds of amenities have they always envied others for? 

In addition to the different perspectives and information you’re likely to get from these brainstorming sessions, you’ll score with your team for including them in the discussion. Whether or not their suggestions make the final cut, they’ll feel like they’ve been heard and have contributed. That goes a long way, too. 

Construction, Contractors, and Keeping it Together

Let’s talk about building out space.

What’s a “Build-Out”?

For anyone unfamiliar with the term, a “build-out” is the process of retrofitting an existing space to meet the needs of an incoming tenant.

Build-outs are often referred to by real estate professionals as “TIs” or “tenant improvements.” TIs are the same as build-outs, the name change is really just due to perspective. Tenants see it as building out their space and real estate professionals see it as a tenant making improvements to the space. 

Build-outs come in all shapes and sizes and vary greatly across the different types of real estate (office, retail, warehouse, etc.). 

If you’re looking for ideas about what kind of layout might work best for your team, we can help. We’ve put together some information about the 3 most common office layouts. 

In the world of office space for rent, build-outs will usually follow one of these types of layouts: 

1. Open Concept

This is where walls might get blown out (but not really “blown” so much as carefully taken down) to create a layout that’s about 70% open with cubicles or free-standing desks or tables and seating areas, 20% private offices and conference rooms, with the last 10% being restrooms and breakroom (or karaoke rooms) or any other shared facilities. 

The open setting of Open Concept layouts results in communication usually being more informal and casual, which can be great. But, it also means there’s less privacy and more distractions. 

Construction costs for this type of build-out are typically the lowest of the three, but as with anything, it depends on what the existing space offers and what the incoming tenant wants. 

2. Traditional Private Office 

Basically the opposite of Open Concept, this is the kind of layout that most of us envision when we think of the word “office.” The distribution is the same for shared facilities (10%), but reversed for the other two types of spaces, so 70% private offices and 20% cubicles or desks, including the reception or front desk area. 

This concept is about privacy. It makes for an outwardly more formal mode of communication and supports quiet, focused work. If your business deals with a lot of sensitive materials or information, this is likely the route to go. It’s not a favorite of some of the newer start-ups because of its intended privacy, but that is up to each business. 

Construction costs will vary greatly for this type of layout and largely depends on what you start with. Remember that this is the typical layout of office space for rent up until about 5-10 years ago, so if your new building was built prior to that, it will likely be in this layout, so costs would be less. If you choose a more recently constructed building, it might require putting up a few more walls, which means more money. 

3. Collaborative 

Our final type of layout is a mix of the first two and is a favorite amongst the startups. For this type of layout, there is no “standard” formula for how the space is distributed.  

Instead, the distribution is based on function or task. It includes small and large meeting areas, team “zones,” community areas, as well as a few private offices sprinkled in. The mix of private and open spaces seems to work well and supports the business models of many start-ups which encourages strong company culture. 

Construction costs for this type of layout can be pricy, depending on the complexity of the configuration and how much of the existing space can be used. 

Your broker can help

It’s always a good idea to talk with a professional. Potential build-outs are no exception. Whether or not you’re sure about the kind of build-out or not, speaking with an experienced broker who can give you more specific information and help you get estimates for different options is definitely to your benefit. They’ll have a much better idea of whether a space would work well for what you want or not.

In addition, they’ll be familiar with all the processes involved for getting preliminary bids prior to signing a lease and help estimate the  timing for permitting and occupancy. 

The Low-Down on Listings

Now that you know what you need, you’re ready to start identifying potential spaces that would work for those needs. Right? 

We don’t want to rain on your parade but the truth is that real estate listings are sort of written in code. We’re sure you’ve heard about the residential listings that read “cute mid-century bungalow with free parking” which actually means “really tiny studio space with street parking.” 

The commercial listings can be just as misleading and even more vague than their residential equivalents. Enlisting the services of a real estate professional is an excellent choice at any point, but especially at this point. 

What are the benefits of hiring a real estate professional?

The right real estate professional or agent can make a big difference in many ways. Here’s why:

• They know your target area and are very likely to be familiar with any vacancies in the market
• They work for you and have your best interests as their priority
• They can decipher the code in listings
• They know the ropes because they have done this many more times than you hopefully will ever have to

And don’t forget that they don’t get paid unless and until you find the right fit for you and your team. 

Going on Tour 

You’ve found a few places that you’re excited about and your real estate agent has set you up to take a look at potential new office space for rent. It’s easy to get caught up in the potential of a space and forget to ask key questions or see a potential problem. We’ve got your back.

The following is a list of features and functions that you should be aware of. They may not all apply to your specific situation, but most of them should.

On Property or Outside the Space

(These are features of the property to check on)

• Ease of access (including ingress/egress, how many access points, and their positioning)                                                     
• Parking                                                          
• Condition of property (paint, paving, sidewalks, elevator, stairwell, parking lot, anything that stands out to you, good or bad, make a note)         
• Traffic and Noise                                                       
• Common area conditions (incl. trash and restrooms, if shared)                                                    
• Security?                                                       

Inside the Space 

(These are features of the space to check on)

• Air conditioning/HVAC system. If the space is fitted with A/C and it’s not already on, turn it on as soon as you open the space so you can see if it gets cold, if it makes a lot of noise or smells, or if there are any obvious problems.  
• General condition (clean/not clean, does it smell, any noticeable damage)
• Configuration – easy to work with or lots of work to make it work for you?                                           
• Lighting and electrical check: electrical box (if possible), lights, outlets, and anything else hooked into these systems
• Plumbing/water fixtures check water pressure for sinks, drains, toilets (TIP: flush a piece of toilet paper so you can see if there’s an issue)
• Storage area/s                                               
• Ceiling: Damage? Water spots?                                                        
• Wiring: Check for existing cable, telephone, internet lines                                                    
• Noise                                                                                                         

These lists of questions are just to start you off and point you in a productive direction. Discuss them with your real estate agent before and after the tour and make any adjustments that you see fit. 

The Office Space For Rent is in Sight

You’ve found The One. The office space for rent one, that is. The next step is where your real estate agent will take the lead. It’s time to make a deal. 

The Proposal

This is also referred to as the “LOI” (Letter of Intent) or just “the offer.” The first offer is usually given by the prospective tenant. You’ll sit down and discuss the terms that you, your contractor, and your real estate agent are comfortable with. 

The terms included in each LOI are intended to be deal-specific but a few things that are standard include:

• Official name that will be on the lease 
• Rent amount (per square foot or a total monthly amount)
• Term dates
• Square footage 
• Common Area Maintenance fees and what is included
• Parking allotments and price, if any
• Commercial insurance requirements
• Brokerage commission fees (this outlines who pays)
• Build-out information (your agent can provide this)
• Security Deposit

Proposals will be exchanged between you and the landlord (or their agent) until an agreement is reached. 

Tenant Incentives

Also referred to as “Lease Incentives,” Tenant Incentives are concessions sometimes offered by landlords to encourage a new tenant to enter into a lease or to sweet talk an existing tenant into renewing their lease. They’re not guaranteed to be available but if offered, should become part of the lease agreement. 

Tenant Incentives can be anything from free rent to a commitment to contribute a certain amount to a tenant’s planned improvements. Your real estate agent will advise you as to whether your offer should include a Tenant Incentive and what kind. 

It’s a Sign!

Well, it’s TO sign. Once the terms have been agreed upon by both parties, the lease will be drafted and it’s time to sign on that dotted line! 

Congratulations, You Did It!

You have your brand office space for rent in the place you had hoped for, with the configuration that will work best for you and your team, and you got a great deal on terms. That is quite an accomplishment and definitely something to be proud of! Now it’s time to make it happen!

Let Us Help!

If you’re interested in leasing office space in or around the Austin, Texas area, we’d love the opportunity to fill the role of the real estate agent in your story.

Our team has exclusively represented tenants in Austin for over 20 years. We have the experience, the knowledge, and the resources to become a resource and an asset to you and your team. 

Click here to connect with us so that together, we can make this story a reality!