What does the recent surge of technology-based companies downsizing have to do with tenants looking for office space?

A lot.   Austin’s office market has not seen this much sublease space on the market for more than a decade.  Just recently, vacancy rates were hovering around 5-10%.  I believe the market is actually closer to 30 percent vacant if you account for sublease space now on the market. Companies with leases expiring in …

Perks of Owning Commercial Property

Before establishing a business, every business owner needs to confront one main problem. Should they purchase their own commercial property or opt for a lease? Both options come with their own advantages and disadvantages. Without a doubt, owning a commercial property is inherently more risky because costs are higher upfront. However, many business owners quickly …

Why should you have a tenant representative work on your behalf when you looking for office space in Austin?

A tenant representative will help you to avoid mistakes and pitfalls associated with the leasing process. Aligning yourself with an experienced tenant representative who understands your leasing objectives can uncover real economic opportunities and help turn your office lease into a real strategic asset. Before you proceed, ask yourself some basic questions. Do you have …