Rent Office Space in Austin

5 Benefits of Renting Office Space in Austin

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Are you wondering whether to buy or rent office space in Austin?

The decision over whether to buy or lease office space can be perplexing for most small business owners and entrepreneurs. If you inquire from a professional real estate broker, they will most likely tell you that it depends on certain circumstances.

The reality is that there is no “one size fits all” solution when it comes to this critical business decision.

Of course, if you don’t have enough money to buy a commercial building, the decision becomes simple.

However, leasing may be the best option in any case. According to statistics, the majority of new entrepreneurs begin by leasing office space. So many business consultants recommend leasing your workspace until you get on your feet and your company begins to profit.

Read on to learn about the 5 benefits of leasing office space in Austin.

1. High-Quality Office Spaces

When searching for an office building, you must understand the office building type you are searching for. Typically, office space for rent in Austin, Texas, is classified as A, B, or C. These classifications are different and are classified depending on the building’s ability to attract tenants.

Class A Office Space

Do you want a prestigious office building in Austin? Then go for class A office space.

These offices will give you the status and amenities you are looking for, but rent will be significantly higher than other office spaces. These buildings will offer you a state-of-the-art building systems, modern technology, and other amenities like covered parking, gyms and on-site food service.

Class B Office Space

The office types are suited for the average user. Typically, rent will be average.

The office buildings are also well maintained, though some finishes may be outdated. You may not find the amenitiies of class A space, this is more utilitarian..

Class C Office Space

If you seek value and functional space, Class C are office spaces to rent. Rent is typically below Class A and B; the buildings may be significantly dated or outside the preferred areas of town.  They are the least desirable office spaces in Austin, TX and typically attract non-profits and small businesses with no customer facing activities.

2. Superior Office Locations

When choosing an office space, location is the key. But do you know where to rent office space in Austin? Well, Austin has several  major office space submarkets. They include:

The Central Business District and the East Side

This is where you will find most of the high-rise, Class A office buildings.

Despite being expensive, offices in downtown Austin will offer you the convenience of being in the hub of the city, with restaurants, coffee shops, public transportation, happy hour locales and an energized working environment. The trails around Lady Bird Lake provide a good place for recreation for your talent. We often recommend this part of town if your employee base is comprised of young professionals or those seeking an urban experience without personal transportation. However, downtown is susceptible to heavy traffic and low or costly parking supply. 

The Domain

This area is quickly emerging as a second downtown. Buildings in the Domain are new, surrounded by retail and restaurants, and give you the downtown vibe without the traffic and less seedy parts of a downtown location. This area is also developmentally more central as Austin and its suburbs are developing north of downtown and is often the area we recommend if your employee base is professionals with families and their own transportation.

Northwest Austin

The price is still significantly lower than downtown, is comprised of a substantial number of Class B buildings but is very convenient to the whole of the city. In fact, this area could be considered the center of the demographic area when considering Round Rock and Cedar Park as one marketplace. 

Southwest Submarket

This area of town is generally more inexpensive and offers a choice of Class A, Class B, and Class C buildings.

Northeast Submarket

In this area of town Class B, Class C buildings and industrial warehouse buildings predominate.

3. Amenities

There is a mixed relationship between amenities and rental rates.

However, amenities are an essential factor to consider when researching rental. Offering your employees some kind of amenity is always an advantage in Austin. You can expect to find office spaces with amenities like gyms, outdoor areas, and food courts, among others.

Your business may lose more money and productivity if employees spend a lot of time away from the office. Furthermore, people have a complicated life; though it can be tough, you can make some things work to make your space more attractive to your employees.

For instance, having close amenities such as physician offices may allow them to take care of their daily lives without the need to take a day off. You may be tempted to think that adding amenities will result in a higher rental rate, but that is always not the case.

4. Renting Is a Hassle-Free Option

When you rent an office, your landlord will be responsible for maintenance, remodeling, security, and other management issues.

You will need to acquire technology, desks and chairs for your employees. When determining the budget to set for your office furniture, you should consider:

  • Whether you can repurpose what is in your existing office
  • Quality of furniture acceptable
  • The flexibility you need for your new employees

5. Proximity to Prospects, Clients & Vendors

Austin office spaces allow employees to be close to a safe residential area and live free of logistic hassles.   It is important to consider how close the office is to your other employees, clients and vendors. A heat map can help decide the ideal location for your current employees.

Rent Office Space in Austin Today and Reap the Benefits

Renting office space in Austin can come with a lot of benefits. You can find quality office spaces in proximity to employees, clients and vendors. There are indeed many reasons you should rent office space in Austin.

Before diving in, your first step should be finding the best tenant representation broker in Austin who can help you find a space that matches your needs and budget. Tenant representatives are generally paid by the landlord’s representative so will work on your behalf without cost to you.

At Austin Office Space, we are corporate real estate advisors and are dedicated to helping you find the best office space in Austin, TX. If you want a successful lease negotiation, we are also the right real estate advisors.

Contact us today to help you rent office space.

small office space for rent in Austin TX

Tips for Choosing the Right Small Office Space for Rent in Austin TX

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Are you looking for a small office space for rent in Austin, TX? Choosing the right office space in Austin can be challenging. And with the current global pandemic and the unparalleled growth in the Austin market,, the margin of errors is decreasing.

Renting an office space can be expensive. That’s why choosing an office space without proper due diligence will undoubtedly be a costly mistake.

Your office space should accommodate your current and future needs and allow your company to grow. Before renting a small office space in Austin, Texas, there are various factors to consider.

Keep reading to learn how to select the best small office space for rent in Austin, TX.

Why You Need a Small Office Space for Rent Austin, TX

Austin is well-known as a tech hub in the United States. The city is a great place to run a business because no specific industry holds the market.

Also, there are highly developed government and health care services. The various industries operating in Austin are wide.

Austin, TX has a strong and flexible commercial real estate market that backs up the increasing company needs, but the good spaces go quickly in our current environment. 

Office Trends for Letting in Austin

What are some of the trending small office spaces for rent in Austin, TX? The three most popular trends are:

Traditional Office –generally three to five year terms with traditional lease agreement

Flexible Office – such as a co-working space, allows you to rent the space for a shorter time frame. The space includes either daily, monthly, or yearly rent.

Subleases – this is a great alternative allowing the new tenant to take over the existing tenants lease for the remainder of the term. This option also typically comes “plug and play” with furniture, allowing for a quick turnaround.

Work With a Great Broker

Do you need a coworking space in Austin, or are you ready to have a permanent space? That’s when working with a great real estate broker with experience in the office-space market is helpful.

Ask around in your industry for referrals to local brokers who know the Austin community well, such as Austin Office Space. Your chosen broker will be a good resource and a nice source of advice so long as you are in business.

When examining a small office space for rent in Texas, remember to consider your present and future office space needs. You may have only three employees currently. But, if you plan on hiring over 20 people soon or in the next two years, you will need to plan well and incorporate certain lease provisions, which your broker will help you navigate. 

Opting for the Minimum Viable Office Space

It’s tempting to spend a lot of cash on office space that dazzles both clients and your new hires. But, before that, question yourself whether it is necessary for your business’s success. Also, it would be best to afford the price for the space even when sales get slow.

There is an exception for financial services providers and attorneys because people view a luxurious office as a sign of business success. If you are not in such a field of business, you will get by with a more modest office space.

Having a comfortable, clean, but not necessarily fancy Austin, TX small office space can save you cash that you can invest in other areas of your business. Also, operating from a coworking space Austin or business incubator can save you a lot of money.

An advantage of renting a flexible space such as coworking is acquiring exactly the space you require. You can even rent two or three desks and keep scaling up as you add more team members. You get to share amenities such as a kitchen and conference room in such office spaces. You also do not need to sign a long-term lease, giving you even greater flexibility.

Price

Price is the most important factor when choosing to rent office space in Austin. When you spend too low on office space, you may end up not loving the space or even relocating after a short period of time. When you spend too much, you may end up struggling to pay the rent or relocate in order  to downsize. Neither of the two scenarios is ideal for your business.

Here are a few questions to ask before spending on your next office space:

Am I able to afford to pay a one-month rent deposit right now?

Are there any hidden costs or operating costs? They may include maintenance and the extra cost of parking.

If my financials aren’t stellar, am I comfortable giving a personal guarantee?

Is the price in line with other similar office spaces in Austin, TX?

 

The first question helps you to know whether you can afford the place in the long term. Asking about the hidden costs protects you from being stung with charges you didn’t expect.

Comparing prices with other office spaces for rent ensures you get the best deal possible. Always compare with other office spaces to ensure you get value for your money. Your broker can make these charges clear for you and knows the market to do a cost-comparison for you.

Consider Choosing the Right Small Office Space for Rent in Austin, TX

Consider all the above tips and engage a commercial real estate broker before choosing a small office space for rent in Austin, TX. You may require expert assistance to avoid mistakes and wasting energy, money, and time.

Are you asking yourself, “Which is the best small office space for rent near me?” Do not worry. At Austin Office Space, we’ve got your back.

We represent tenants who need to rent or buy an office or industrial space. We will aid you in locating a suitable deal while reducing your short and long-term risks.

Contact us now to find the right small office space for rent.

Coworking Space in Austin

Finding the Best Coworking Space in Austin for Your Business

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The first coworking space was established in Germany back in 1995. In just the past decade or so, coworking space demand has exploded in the United States and around the world. These days, there are more than 19,000 coworking spaces spread across the planet.

Of course, not coworking spaces are created equal. You will often find that there is a huge difference between the best coworking space in Austin and the worst coworking space in Austin.

Of course, you can always find a great place to go work through trial and error. But that could mean a lot of frustrating time and lots of money as you move from place to place. Is there any way you can know which coworking space will be the best one for you without having to use trial and error?

With these powerful tips, you will be able to pick the best coworking space for your needs. Read on to learn all about the most powerful techniques for picking great coworking spaces!

Find a Texas Coworking Space With the Right Amenities

You don’t want to just pick the first coworking space that comes up when you search for “coworking space near me” on google. There are a lot of mistakes that people make when choosing places to work. At the very least, you should check what amenities each coworking space has to offer.

Different businesses require different amenities. If you need to have access to certain technology, such as projectors to give presentations, then make sure to ask if they are available. Not every coworking space has things like that.

The same goes for more luxurious amenities like a kitchen, gym or a shower. If these things are important to you, then you need to make sure that you ask about them.

Make a list of all the amenities that you want and then organize them. Put the most important ones at the top and the optional ones at the bottom. As you investigate different coworking spaces, make sure to ask about and exclude any options that don’t include your most important amenities.

The Best Coworking Space Austin Texas Has to Offer Will Provide Atmosphere

One of the best things about a coworking space can be the atmosphere. Some people prefer a busy atmosphere that encourages them to stay productive. Other people prefer a peaceful atmosphere that allows them to reflect and focus.

Obviously, no single space will provide both of these atmospheres at the same time. Therefore, you will need to decide which one is best for you and your employees. Then, you will need to visit coworking spaces in person to get a sense of the atmosphere that they provide.

 

Find a Great Austin Coworking Space in the Right Location

Many people make the mistake of thinking that they simply want the closest place possible. Of course, it is preferable if the space is close to you. However, it is also important to consider how close it is to your other employees and anybody else who will be visiting, such as clients.

Find a Coworking Space for Rent in Texas That Allows You to Enjoy Variety

The bigger a coworking space is, the more you can vary the exact place that you work. Mixing up where you work can help keep you fresh, and itcan keep you from falling into a rut.

However, you need to find out if a specific coworking space allows you to move around. Make sure that you can work all over the coworking space, in different conference rooms, different desks, or the breakroom area. You should also check if you can show up outside normal business hours, if that is important to you.

Routines have their place, but variety is the spice of life. Try to find a coworking space that allows you to have both when you want them.

Decide if Privacy Is a Priority for You

Not every coworking space provides privacy in the same way. If you want to make sure that nobody can hear your conversations, then you will need a closed-off or distant location where you can work. If that is a priority, then make sure to ask about private working spaces.

Great Austin Coworking Spaces for Rent Provide Security

You don’t want to have to constantly protect your devices and belongings. Ask about what kind of security each coworking space has. Ask how often people lose items or have them stolen.

Cameras and security guards can turn coworking spaces into extremely secure places. That can provide peace of mind and let you relax.

Understand How to Find the Best Coworking Space in Austin

We hope that a few of the ideas in this brief article on some of the top techniques for finding the best coworking space in Austin have been helpful for you. Jumping straight to the first option that shows up when you Google for coworking space is near you will often leave you with an inferior result.

Taking the time to really investigate which coworking space will work for your specific situation will pay off in many months and even years of improved business productivity and success. Austin Office Space can help direct you to the best co-working spaces in Austin.

Many people underestimate the importance of the right environment for their work. To learn more about what the right coworking space in Austin can do for you and where to find it, feel free to reach out and get in touch with us here at any time!

office space available

9 Things to Look for in an Office Space for Lease

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Are you thinking of moving from your home office to a leased office?

Renting office space is a huge decision that requires careful thought and planning. Looking for office space is the first sign that your business is beginning to expand.

It’s essential to find a productive environment to run your company. But you have to put both strategic and monetary issues into account.

Choosing your first office space for lease can be an overwhelming venture. Focus on making the right decision for your company, employees, and clients.

The choice you make can either make or break your business. Identify space with all the amenities you need for your business to function well.

It’s not advisable to choose the most expensive lease payment. Keeping your rent costs and terms in check is crucial.

Here are nine things to look for in an office space for lease. Put them into consideration to ensure the success of your business.

1. Location Is Key

Choosing the best location for your employees and clients is very important. Location will help to optimize work-life balance and help in recruitment efforts.

A good space will boost your company’s long-term performance. A poor site can cost you a lot in terms of capital, productivity, and talent. Price may be the most crucial aspect of finding the best location for your business.

For retail spaces, factor in what other competitors do before making a final decision. Analyze the area and customer demographics. It will dictate the business atmosphere, foot traffic, and your company’s success. For office space, employee retention and recruitment is key, with an eye on convenience and comfort.

Consider an office rental that’s a reasonable distance. Your employees need to travel to work easily. If it’s located far away, they may have to look for employment elsewhere.

Your clients may also need to be close to you to support your business. The parking situation, neighborhood, and accessible space are other things to consider. A startup needs a convenient and safe location to attract clients and employees.

If you have not yet hired a team, consider an office space located in an area populated with top talent. In Austin, this often means being in the northwest corridor between downtown and north Austin. At Austin Office Space, we can help you in determining the best location for your current and future employees.

Keep in mind that there is nothing like a perfect office space. Come up with a list of all the essential amenities and office space you need. Be practical to avoid wasting time looking for a ‘‘perfect’’ space.

If you’re starting a small business, don’t rush to choose a ”fancy” office. You don’t want to rent a space and then move out within a short time as it may impact your profitability. Do a lot of research and consider rent as they all play a vital role in your success.

2. Come up With a Budget

After location, the next big concern should be a budget. Don’t make the mistake of renting an office space that will put you into debt.

Before you even start looking for an office for lease, have a budget in mind. It should allow you to operate your business comfortably.

Renting comes with many expenses, and it’s easy to get overwhelmed by the bills if you’re not well prepared. So, the amount of money you are willing to spend will determine the office space you intend to rent.

Decide on the monthly cost you are ready to pay. They include rent, insurance service charges, maintenance costs, and daily operational costs. Knowing about all these costs in advance will ensure that you don’t spend more than you can afford. In Austin, the typical lease has pass through operating costs, called a “triple net” lease, or NNN, which needs to be factored in above the base rent.

Leasing an office space means that you’ll be in a legally binding agreement for a specific period. Your goal is to enhance your business to be more productive and profitable.

An office lease is a huge responsibility, so you have to ensure you are in a position to commit. Find out about any hidden costs in advance. They can include janitorial services and utilities.

It’s much more common for most business owners to focus on base rent and ignore the incidentals. Before you sign the lease, get detailed information about the actual cost of the office space.

Onec t you have an idea of the numbers, create an income statement forecast for a long-term lease.

Break down each item, knowing that the price can fluctuate over time. Evaluate your expenses to see if they make sense depending on the projected revenues. The aim is to ensure that the office space will increase your profitability.

3. Lease Term

Signing a lease is a crucial step in renting an office space. It protects your business from the financial burden that may occur.

Renting has a specific time length. A lease agreement determines the terms of the lease the landlord and the tenant have agreed upon. Reviewing the lease will ensure that both parties have a clear agreement.

Every office lease is not the same. Even though they are different, they are usually drafted to favor the landlord.

As a tenant, decide whether the office lease terms work in your best interest. Consider issues like break clauses, rental increases, lease length, etc. At Austin Office Space, we can help you negotiate the business terms of your lease.

Clarify these issues in advance to avoid misunderstandings during negotiations. The lease should be clear and straightforward. You need to know what you’ll be accountable for and what you will be getting.

All the provisions need to be in the lease. You don’t want to find out later that the landlord is signing the lease to a different person. Or, they are increasing your rent up by a huge percentage.

Also, find out what deposit the landlord needs. Deposit for office rental space can be anywhere from 1 to 12 months’ rent.

As a new entrepreneur, don’t lock yourself in a long-term lease. You should expect your business to grow or make some cutbacks with time. Most landlords provide at least a length of 3 to 5 years.

Look for subleasing opportunities that provide shorter terms, usually 2 to 3 years, and often come with furniture. There is a good chance that your business will outgrow the space before the expiry of your lease.

Find out if you can terminate the lease beforehand. Ask about what restorations are necessary before leaving the space.

4. Evaluate the Building

Buildings are designed using different engineering systems. Their condition may not be evident when leasing. But there are maintenance issues that are easy to detect, like walls with cracks or peeled paint.

Evaluating the building will help you identify opportunities for managing energy consumption. Check whether the type of building and the space is appropriate for your business. Your office space reflects your business, and you want to give it a good first impression.

Before choosing rented office space, it should comply with the local laws. The landlord should provide the basic amenities and security.

Consider the layout. An office space may appear smaller, but it proves to be more efficient for your team with a good setup. Natural light is a plus as no one wants to work in an environment that feels like a cave all day.

Revisit the building at different times and on different days of the week. Check how the lobbies, elevators, and parking lots are crowded.

Consider the client as you visit potential office space for lease near me. View the impressions the surroundings will give your company. Then, decide whether building matches your brand image.

Visit multiple office spaces before making your decision. Talk to your broker to find out about the landlord’s reputation. Making comparisons will help you settle on an office space that fits your needs well.

5. Get Professional Advice

Negotiating the terms of your office rental is a complex and time-consuming process. It’s best not to do it yourself. Identify a reputable commercial broker, such as Austin Office Space, to give you professional advice.

Pick one within your area who understands the market to help you with the process. A professional will ensure that your business gets a profitable outcome.

Hire a broker who deals with startups and specializes in lease negotiations. A lease negotiation has many terms that can often feel overwhelming.

Choose someone who will clarify what you don’t understand. Your broker should represent your best interests, and tenant only representatives will provide you with the least biased feedback. Ask around or do a quick online search to find a commercial real estate broker in your target community.

Failure to hire a professional could result in signing a lease blindly. A  professional will review the contract thoroughly and negotiate the terms for you based on what is market in your area  and.

Their expertise will save you plenty of time in the long run. Hiring a broker to negotiate the business provisions of the contract for you will allow you to save money, in both the term, tenant improvements, and obtaining market rates.

Hire a lawyer to review your office space for lease. As a business owner, working with a real estate attorney also saves time and can help you understand the legal provisions of your lease. Attorney review may  ultimately save you money by clarifying the legal risks inherent in your lease and will help you make sure you understand your responsibilities and rights.

6. Start Early

First, think about whether you need office space. There are many entrepreneurs today that either  work from home or co-working spaces. If your company can function in this environment, you could save money. A shared workspace or coworking space may be ideal, since commitments tend to be shorter..

Renting office space for the first time can be a daunting process. Starting your search early is crucial since most transactions involve many professionals. The entire process can take several months. If you find that there is a need to rent an office space, it’s best to start looking for an office rental as early as six months to a year before moving in. That’s enough time for you to make a careful and informed decision and will allow you to engage a broker to work on your behalf.

Your sales projections should indicate when you expect to outgrow your current space. So, plan accordingly.

7. Consider the Amenities Offered

Amenities are available in various forms like delis or on-site fitness centers. Also, consider the building’s cell phone and internet capabilities. Nearby amenities can also impact your location decision when renting an office space.

Amenities are what will keep your business thriving. Many employees and clients appreciate an office close to coffee shops and restaurants. Prioritize places you frequent for business purposes like banks or meeting spaces.

Choosing an office space with the best amenities will help attract best in class employees, and will boost employee productivity and morale. A building without essential amenities nearby could mean losing clients and employees to a competitor.

A great location is also vital for businesses. There is a connection between the well-being of your staff and infrastructure. Increased stress levels occur as a result of the inconvenience of traveling. Have the best of both worlds by choosing an ideal location with first-class amenities.

8. Ask Important Questions

Before signing the lease, ask all the questions you may have on your mind. Find out about parking spaces allotted to your business.

Ask if it’s possible to sublease your space. Discuss the type of signage the landlord allows. All this will help you clarify what is allowed and what is not.

The answers to the specific questions you have will play a massive role in your final decision. Never make the mistake of viewing the lease provided as a final document. Prioritize your demands before you start negotiations and engage your broker and attorney to provide suggestions to the lease document.

If you have a lot of requests, ask the landlord if you can sign a long-term lease as a concession. A long-term lease facilitates the landlord’s willingness to customize your space.

During negotiations, list any possible requests you may have for support services. Discuss any special requirements such as server rooms, lobby services etc.

Also, find out who are your neighboring tenants before you proceed to sign the lease. Choose a building with businesses that complement your industry. This will increase your chances of success.

Synergy is increasingly becoming a prominent buzzword. Increased foot traffic is one of the benefits of choosing a synergetic space. Companies become more productive around those who help each other.

Every business aims to experience rapid growth. Identify an office space that will meet your needs and provide suitable options.

9. Flexible Office Setting

Identify space with flexibility. Flexible growth options are ideal when you’re just starting. Your business may quickly expand since the future is unknown. Determine if the building has adjacent spaces to expand or contract in the future. 

Moving into a new office space provides you with an opportunity to make radical changes. It can be a great way to help develop your corporate culture. Discuss what needs to be retained in the new location by employees. Think about the necessary improvements on employer image and the company’s brand.

Flexible office space will emphasize more on the identity of your business. Furnishings and renovations can transform any space to match your needs.

Identify an area that your employees would be most convenient using a heat map. There should be room to make adjustments to fit your company’s growth and changing needs.

Co-working spaces have become popular alternatives to traditional leases. They often allow for a flexible alternative with short-term agreements and allow you to decrease and increase depending on your changing business needs. Co-working can also enable you to add extra desks when necessary. You can move in fast and efficiently with little downtime. The equipment, decor, furniture, and other amenities are provided. You don’t have to worry about installing internet lines or hiring a receptionist. Most of these services are included in your monthly rate.

Co-working spaces  are often designed to encourage collaboration and foster creativity. Team members can utilize the space for different projects effectively.

Choose the Best Office Space for Lease

Finding an office space for lease is a big step. Before you start looking at potential premises, consider the above points. Hire a professional, such as Austin Office Space,  to help you with the process. We will provide you with a smooth leasing experience.

In Austin, tenant representatives get paid from the landlord’s representative’s commission. So, the assistance comes at no cost to the tenant.

Contact us today for trusted tenant representation in Austin, Texas.

How to Negotiate a Lease for Office Space, Austin TX

How to Negotiate a Lease for Office Space, Austin TX

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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.

 

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5 Ways to Evaluate Potential Office Space for Lease, Austin

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Are you looking for ways to support the growth of your Austin-based company? Do you want to find a setup that brings your entire staff together? If so, then you need to learn all that you can about how to find office space for lease in Austin.

Doing so can help you understand what to look for when renting office space. It’s all about finding the right service to help you, as well as considering what your company’s needs are both now and in the future.

See below for an in-depth guide listing several key ways to evaluate potential office space for lease in Austin TX.

1. Consider the New Business Model

The 2020 pandemic opened many companies’ eyes to the productivity that employees can have when they work remotely. While nothing beats being in person with your fellow colleagues, overlooking the opportunity for some remote workers will put your company behind.

Applicants now see the beauty in a company that allows them to work remotely, even if it’s only for a couple of days each week. That said, workers understand that the demand of your industry might require them to be in person most or all of the time.

Regardless of whether you choose to offer some fully remote positions or a hybrid concept, be sure to factor it in as you’re finding office space to inquire about. 

Take a headcount of your current staff; how many of them are interested in working remotely? If you are offering hybrid roles, how often will you require your staff to be in the office? Will they need their own designated area/office, or can you create an open desk concept on your office layout?

Asking these questions beforehand can help you in your search. You’ll understand how big of a space you need to fulfill the in and out of your staff.

2. Plan for Future Growth

The current state of your business isn’t what it will look like two or three years down the line. Coming off of the pandemic, most industries are still finding their footing; that means that you can expect ample growth as the economy continues to flourish.

Even with the 2020 pandemic and all of the stress that experts figured it would cause on the market, the economy has recovered rather quickly; so it isn’t ignorant to expect continued growth.

Economy aside, your company will continue to grow year by year. That means a larger staff, which in turn means more technology hardware, more desks, more coffee in the breakroom… you get the idea!

When looking into office space for lease in Austin, make sure you aren’t just fixated on the current size of your company. If you’re going to be renting this space for the next three to five years (the common length of a commercial lease), then you want to factor in the growth potential.

What are your company’s long-term goals for revenue, profit, and growth? What kind of staff headcount would you require to keep up with that growth? Can the office space you’re looking at fulfil that need?

3. Find a Conflict-Free Real Estate Advisor

While they may not realize it, most company owners doom their search for office space from the start by choosing the wrong real estate firm for the job.

Most real estate firms represent both clients (you) and landlords, which can easily become a conflict of interest. They aren’t necessarily looking for the best fit for your needs on the market, they’re just looking for something that fits you best among the landlords that they represent. 

Here at Austin Office Space, we operate on what’s called a conflict-free real estate service, which means we only represent the client (you). We’re focused entirely on the Austin market, scouring commercial listings to find one that fits all of your needs.

The best part? Our service is of no cost to you. We earn a commission paid by the landlord, so all you have to worry about is covering the costs outlined in your new commercial lease!

4. Think of the Amenities

Today’s workforce is all about the perks. They want to find companies that offer innovative and attractive amenities to recruit their top-tier talent. Why? Because it shows that the company is reinvesting in their staff. 

When looking for new commercial rentals, be sure to keep amenities at the front of your mind. Does the area come with any built-in amenities? What amenities does your office currently offer and will they fit in the new space?

Get creative with this. Research some cool concepts for company amenities and find an office space that can help you turn them into a reality.

5. Consider the Location

Location, location, location. Every company owner since the dawn of time has heard that expression regarding the importance of your company’s headquarters.

Don’t sacrifice location for the price. Try to find an up-and-coming area or a community that’s working its way back up; that way you can have a hand in the revitalization of that community.

What resources are nearby? Is there public transportation available for your staff? Are there several options for lunch spots around? 

Find the Perfect Office Space for Lease in Austin Today

Now that you have seen an in-depth guide on several ways you can evaluate potential office space for lease in Austin, be sure to use this information to your advantage.

Take the time to read this article for more information on how to find the perfect office space for your company. Reach out to us right away at 512-349-0003 to get started!

 

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Types of Commercial Lease Agreements: Office Space for Rent, Austin

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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.

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8 Mistakes to Avoid When Choosing Austin Office Space for Lease

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For your business to be visible, you need to choose a suitable location. You will need to have information on renting an ideal office for your business and avoid making mistakes.

Even minor errors can be costly to your company. You might think that everything has been thoroughly thought out and that all possible scenarios have been considered. Regrettably, unexpected events can occur that hinder any renting office space plan.

Are you considering relocating your current business to Austin, TX? If so, continue reading this article to learn 8 mistakes to avoid when choosing Austin office space for lease.

1. Not Hiring a Broker 

When searching for ideal office space in Austin for lease, don’t ignore brokers to save cost or move fast. Brokers are essential in the real estate business. They will provide you with all information if you are considering renting office space.

Brokers are also equipped with the skillset to help you find a space for businesses that meets your needs. They will also negotiate a good lease on your behalf. Don’t worry about the cost of hiring brokers; your landlord will cover the fee.

2. Not Understanding Lease Terms

Before signing any commercial lease agreement, ensure you understand all the terms. Failure to do so can result in future conflicts with the landlord or other tenants.

For instance, checks whether the terms are clear, especially regarding using facilities like a gym. If the terms for office space for lease Austin Tx are unclear, you can ask the tenant representing the broker or an attorney for clarification.

Check important things like the type of lease term, nature of rent requirement, maintenance and obligations, assignments, subletting provision, among others.

If the terms negatively impact your business, you can consider negotiating a better deal.

3. Focusing on Price Alone

Though office space budget is one of the main factors to consider when choosing a commercial space, your decision should not solely focus on price. There are other important factors to consider that are beneficial to your business.

These benefits include the location of the commercial space, accessibility, the amenities available in the space, and the versatility of the space. Don’t let the price be the only determining factor. Look for office space for lease in Austin, TX, while considering all your business needs.

4. Overlooking the Future Needs

Many business owners only rent a space depending on their current needs. However, this should not be the case. Consider future growth or economic crisis before signing a lease.

Renting an office space that only meets your immediate needs may hinder future growth or other business dynamics. For instance, you may want to hire more employees and increase your product range. In that case, you may need more space.

So, before signing a lease agreement, ensure a clause is provided to allow you to rent additional space as it becomes available. Also, seek an early termination clause or sublet in case of a shaky financial situation.

 

 

5. Not Being Sure About the Space Needed

It is difficult to determine the amount of space your business will require when starting a new business. It is also difficult to predict the rate your business will expand. The best approach in such a situation is to start with a small space and then rent more space as your business grows.

If you are starting a new business, consider the equipment and furniture your business will need. Consider the number of employees you will hire in the first few years.

Avoid overestimating the space your business requires. Why pay a higher rent rate? Choose a small cheap space that will enable you to grow.

6. Moving too Fast

Getting an ideal commercial space for rent in Austin TX may take time, especially for first-time business owners. A perfect space is determined by the terms and conditions of the lease contract.

When you move fast with the leasing process, you may overlook the terms and conditions. This will bring unexpected results, like being tied to a longer lease. Don’t rush into obtaining a lease contract. Give yourself time to understand the terms and conditions before signing a lease.

Negotiate lease terms and conditions to suit your business.

7. Ignoring Your Business Brand

After considering all essential factors regarding the lease, never forget the business image you want to create. The outlook of your business office must give the right impression.

Consider how your employees interact with clients before choosing the office space to rent. Maintain an impression that best represents your clients even when it cost more.

8. Not Sure About the Duration of a Lease

Depending on your finances, you may want to lease for a long or a shorter period. Take it slow if you are unsure, you may find yourself with a lease that you will not use.

Also, when considering relocating, make sure you allocate plenty of time in search of a new space. Most suitably, 12 months before the current lease contract ends. When the lease contract expires, don’t rush into finding a new space or get stuck in your existing space.

Avoid the Above Mistakes When Finding Austin Office Space for Lease

Avoid making leasing mistakes and choose an ideal office space for your business. Use real estate brokers to guide you in finding an Austin office space for lease that will suit your business needs.

At Austin Office Space, we represent tenants looking for office or industrial space to buy or lease. We handle every aspect of the process, including analyzing your long-term requirements, searching the whole market, negotiating lease documents, touring, advising on site selection, construction management, negotiating terms, and even moving a desk.

Contact us today to help you find the perfect office space for your business.

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What to Consider When Picking Commercial Space for Rent in Austin, TX

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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.

5 Reasons You Should Rent Office Space in Austin

5 Reasons You Should Rent Office Space in Austin

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Are you interested in finding a place that your company can call home? Do you want to establish a headquarters to help your staff feel more unified and included? If so, then you need to rent office space in Austin right away. 

Doing so can help you improve your staff’s production, build more morale among your staff, and is even considered to be a crucial step when starting a business. That said, you should focus on finding the perfect fit, not just renting the first option you find.

See below for an in-depth guide listing all the different reasons you should rent office space in Austin and ensure a perfect fit for your needs.

1. There Are Conflict-Free Options Out There

Perhaps you’ve been burned by a landlord in the past and are hesitant to get into a rental agreement again. Maybe you’ve heard horror stories from fellow entrepreneurs on leasing corporate space. 

Whatever the case might be, those situations were likely doomed from the start. If you use the wrong corporate real estate advisory service. 

Believe it or not, many corporate real estate firms have their obligations and agendas when they go to “help” you find your new space. Even though they state that they have your best interests at heart, they’ll only connect you with landlords that they’re also representing.

That’s why you must reach out to a conflict-free real estate advisory service, such as Austin Office Space. Austin Office space is breaking the real estate mold by offering 100-percent conflict-free services for tenants.

This means that we have no financial ties to any of the landlords we connect you to. We don’t receive any divided loyalties from referrals to landlords, which helps us ensure one thing: We’re out to find you the best deal possible.

Traditional real estate firms are focused on things like property management, representing landlords, and managing their own assets. Here at Austin Office Spaces, we’re 100-percent focused on the tenant (you).

2. It Builds a Team-First Mindset

So much talk has been made about whether or not companies get more production out of an in-house worker or remote worker. Some experts point to higher productivity in the office, others point to more productivity when a worker is at home. 

Whatever the case might be, there’s one fact you can’t dispute: remote workers feel less attached to their company and coworkers. The phrase “Zoom Call” is dreaded by most modern workers after having it forced upon them in 2020.

Most workers feel unattached from the “team” they’re on. This will quickly lead to lower production, as they feel their work doesn’t contribute to a worthy cause.

With corporate office space, that entire mindset is shifted. By working and collaborating near their coworkers, your staff will feel the buzz and excitement that comes from working for your brand.

Don’t get us wrong, there’s certainly room for remote workers among your business model; many companies are adopting a hybrid philosophy on that. But there’s no denying that renting office space can help your workers focus on the team, not just their own productivity. It gives greater purpose to the tasks they perform each day.

3. Gives Your Brand a Professional Image

Customers these days are smarter than ever. They realize the importance of investing in companies that are professional, yet personal.

Your digital marketing strategy can help you show the personal side of your brand. But how can you capture the professional side? That’s difficult to do if your company is entirely online. Customers will feel that your company is doing the bare minimum to run a profitable business.

Meanwhile, an in-office workplace offers your brand the professional image that’s needed. It can be a tremendous place to hold in-person meetings with prospects, long-time clients, business partners, and more.

Your office space in Austin will wrap a beautiful bow on your brand: personal and approachable, yet professional and dignified!

4. Embrace Your Community

Another important aspect of your brand that clients look for is to see how involved your company is in its local community. If your company is entirely online, then it’s hard to identify where your community is. 

With an office space in Austin, you know where your community is: Austin! This can help you pinpoint initiatives that your company can get involved in, as well as help you give back to those within your community.

Some companies are even creating quarterly community outreach days where they take an entire workday to help a local nonprofit. That might be something for your business to consider moving forward!

5. More to Offer Your Employees

Not all workers are on board with the push for more remote work. Some are finding it hard to focus or find inspiration when they’re bogged down inside their home.

If your company is entirely online, you might miss out on top-notch talent solely because your business doesn’t have an in-office environment those workers thrive in.

Having an office space in Austin allows you to attract the best and brightest employees by giving them an option for in-office or remote work (or a mixture of the two). Not to mention, your business is located in one of the most thriving cities in America.

Invest in Office Space in Austin for Your Brand

Now that you have seen an in-depth guide and several reasons why you should invest in office space in Austin, be sure to use this information to your advantage.

Take the time to read this blog article for more information on our unbiased tenant representation business model. For more inquiries, please begin by reach out to us by phone at 512-349-0003 and we will be happy to assist you further.