background- Most commercial leases have annually stepped-up base rental amounts over the term of the obligation.  The monthly rent is a combination of the "base" rent (dollar amount per rentable square foot per year - $/RSF/Yr) and the operating expenses, commonly referred to as the triple nets (aka "NNN's").  These "nets" are referring to the quoted rental amount (base rent number) being "net" of taxes, insurance and/or common area maintenance expenses, which are  Read more »

Eureka Warehouse finds! Read more »

Recently, I helped 2 women attain an office lease in Austin, they are both getting into the insurance business.  Commercial office leases can be overhwhelming to say the least, you can figure about 14 pages or so of legalize and terms that are not so easy to understand. As a commercial real estate broker, I provide a service to review the lease terms and conditions as part of the agreement I have with all of my clients. Read more »

Today on CNBC there was some news that commercial office space has hit a 17 year low , more vacancies and lower rates. Unemployment is not friendly to office leasing regardless of the market a person is in. The results are problematic and fairly straight forward, leasing a commercial property is a supply and demand issue. When unemployment is high, commercial real estate demand is low. Read more »