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After selecting the general location or submarket for your office space, you need to consider prospective locations that fit your criteria. Make sure both you and your tenant rep broker understand your criteria.
If you select a tenant rep broker to help find your office space, find an expert. Do not hire the person who helped you purchase your house. Office space tenant rep brokers are full-time experts. It is a very specialized area.
Leasing office space is time-consuming, complex and can divert attention from the primary functions of the business.
Metrics for the Austin area multifamily sector remained mostly positive in October_2010.
Tax reduction is just one of the benefits of cost segregation. Many real estate owners and tax preparers believe cost segregation simply defers payment of taxes.
The Houston area multifamily sector posted positive changes in all key metrics in the month of October_2010.
Renovating and upgrading an investment property acquisition is a source of both opportunity and risk. When a property has deferred maintenance, the cost of curing the deferred maintenance can be difficult to estimate without obtaining bids from contractors.
Market rent analysis evaluate the subject property, competing properties, and market conditions to document an equitable level of rent in an arm’s length transaction. Estimates of market rent are developed regularly for market studies, appraisals, lease disputes, and to provide an owner or prospective investor with objective opinions.
Tenants are generally provided time to prepare the office space for occupancy prior to the date when they must begin paying rent. However, in hot markets and for some very desirable properties or spaces, landlords will be able to require that tenants pay for office space beginning at the time the lease is executed.
The landlord is usually willing to fund tenant improvement expenditures provided he is confident the tenant has the financial capacity to pay rent for the term of the lease.