When leasing Austin retail space one of the most confusing things is trying to figure out how much your monthly rent will be. Landlord's tend to quote retail lease rates differently making it hard to compare apples to apples. Below are a few guidelines to help you calculate your monthly rent when renting retail space.
When leasing retail space in Austin landlords will typically quote a base rate, NNN (triple net), and maybe percentage rent. Base rate and NNN are usually quoted as SF / YR (e.g. $20 + $7NNN)
Base Rent (mimimum rent) - Landlords determine base rates based on a number of factors such as market conditions, investor preferences, available inventory, tenant credit, etc. Base rates are typically a negotiable item however the final number depends on your credit, length of lease term, tenant improvement allowance, and other concessions you ask for such as rent abatement. Austin Texas retail base rents range from $15 to $35 SF.
NNN (triple net) - Equals the operating expenses for the retail center such as taxes, insurance, and maintenance. Landlord will sometimes refer to this as CAM (common area maintenance). This number is variable and may go up or down depending on the costs for that year. NNN expenses are shared equally among all the tenants and is typically not a negotiable item unless you are a large, strong credit national franchise. Austin Texas retail NNN costs range from $5-$10 SF.
Tuesday, January 10, 2012
Austin Divorce Lawyer-Austin Divorce Attorney-Kidnapping
Monday, December 19, 2011
A Wine Publicist's Vow of What He'll Never Do
As a publicist working in Northern California in the wine trade, there are certain things I come to vow never to do. While many have to do with my trade, others have to do with the result of working in...
First Impressions of Virginia Wine ? Wine Bloggers Conference
It was also fun to hear several references to the Napa Valley. Once again as in Washington bloggers conference a year ago everyone is shooting to topple the king. I don?t see any Virginia wines available where I live in the San Francisco Bay Area. Much of it is consumed in Virginia and much makes its way to Canada and the U.K. Ther is much more to learn about Virginia wines as the wine bloggers conference rolls along.
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The Perfect Wine ?App?
One of my favorite podcasts is NPR‘s Wait Wait, Don’t Tell Me. Wait Wait is a weekly new’s quiz show, based out of Chicago, that invites various guests to answer a series of satirical questions. This past week,�Ev Williams of Twitter�was invited onto the show as a guest, and he echoed a comment I happened [...]
Source: http://feedproxy.google.com/~r/TheWineConversation/~3/G6Ekl4oQQqw/
Tuesday, November 29, 2011
Snoozing, wine list advice, Porsche, Cal ABC ? sipped & spit
SIPPED: nap time James Suckling tweets this picture and comment from Hong Kong: “Surreal picture of Bob Parker and @jancisrobinson at #wfhk11.” [Yfrog] SIPPED: restaurant advice Start at the back of a wine list? Levi Dalton offers some excellent and provocative suggestions on how to navigate a wine list based on his covering for my [...]
Source: http://feedproxy.google.com/~r/blogspot/GuSC/~3/_R4gq1EiCuw/
Monday, November 21, 2011
Academy of Wine Communications:Twitter Basics Immersion for Wineries
Our next meeting of the Academy of Wine Communications here in the Finger Lakes will be followed by an interactive Twitter Basics Immersion for Wineries for AWC members.� The meeting and seminar will be held at Ravines Wine Cellars on Keuka Lake thanks to their offer to host us and let us utilize their wireless [...]
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