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Austin Texas Marijuana | Cannabis | Hemp Commercial Real Estate Property Listings

The following post is copyrighted by Austin Tenant Advisors – .

marijuana commercial property austinAs more studies are done on the medicinal benefits of marijuana (aka cannabis) more life-improving treatments are being found for people with serious health problems such as epilepsy, chronic pain, autism, aids, loss of appetite, post traumatic stress disorder, cancer, anxiety, etc. Many of these debilitating conditions are untreatable with conventional drugs which can also have intolerable or dangerous side effects. Some Texas patients have actually reported being able to stop taking these conventional drugs which in many cases are very expensive and not covered or only partially covered by insurance.

Thanks to the Compassionate Use Act which was approved over in 2015 oils made from cannabidiol for medical needs have been approved. Marijuana plants produce Cannabidiol however the oil does not produce a high or euphoria which is what marijuana is mostly known for.

Increase in Marijuana Related Commercial Real Estate Properties

As more states approve such uses you will also see a rise in commercial real estate properties that cater to the growing of marijuana. These commercial properties will typically be Austin industrial warehouse spaces which will allow companies to grow cannabis under tightly controlled environments. Also as Texas state laws relax retail spaces will start to pop up in Texas that sell marijuana for recreation use.

Texas Approved CBD Dispensaries 

  • Surterra Texas has a North Austin marijuana dispensary
  • Cansortium Texas
  • Compassionate Cultivation 

They have been licensed to cultivate, extract, and dispense marijuana that is less than .5% THC by weight. Also if Texas lawmakers ever relax the states rules on marijuana cultivation these companies will have an inside track since they are the first to reach commercialization.

Other articles to read regarding marijuana dispensaries in Texas and Austin 

 

The post Austin Texas Marijuana | Cannabis | Hemp Commercial Real Estate Property Listings appeared first on Austin Tenant Advisors.

Preserve at 620 Office Space – 8201 N FM 620 Austin Tx 78726

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preserve at 620 northwest austin office spacePreserve at 620 office building is located in Northwest Austin at 8201 N FM 620. If you are looking for cutting edge creative office space in NW Austin this is the place to be. 

If you are interested in leasing Northwest Austin office space at Preserve at 620 give us a call at 512-861-0525 and we can help you negotiate the best deal possible.

Building Size – 220,000 RSF of newly renovated creative office space

Building Height – 1 story

Typical Floor Plate – 50,000 to 215,000 sf

Parking – Parking ratio 5/1,000 sf. 

Amenities – 23 foot ceiling heights, fitness Center with showers, rooftop terrace, 16k sf outdoor courtyard, sport courts, dog runs, bike shop and storage, running trail, tenant gardens

For Austin office leasing rates and info on available spaces give us a call and we will help you find the perfect office space at Preserve at 620 in Northwest Austin.

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Why Use a Tenant Rep Broker

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why use a tenant rep brokerSearching for and finding the right commercial real estate for rent can be very time consuming and costly if you don’t know what you are doing. You already have a lot on your plate running a business so the last thing you have time for is looking for commercial rentals on your own. That is why you should enlist the help of a tenant rep broker. They are invaluable when searching for commercial space and with the experience, tools, and relationships they have you will get the best possible deal. below are a few reasons why you should use a tenant rep broker:

1. Tenant Rep Brokers Can Help You Determine Your Needs

You might have a general idea of what you want when it comes to renting commercial space however how do you know for sure if a particular space is right for you? Tenant rep brokers have a lot of experience in leasing office, retail, and warehouse space and can help you figure out what you really need. They will ensure that you consider your current and future needs and find a balance between the two so you do not lease too much or too little space.

2. Tenant Rep Brokers Will Ensure You Don’t Pay Too Much

Finding a great space is just one piece of the puzzle. You also need to ensure that you get a good deal. If you don’t do leasing all year long how do you know if the deal you got is a good one? A good tenant rep broker will be experienced in the market and have years of experience which means they can tell you if a deal if good or overpriced. They also have relationships with landlords in town so they can negotiate on your behalf to get better terms and rental rates.

3. Not All Commercial Properties Are On Loopnet

Not every available space will be public knowledge. Some tenants might not be renewing their leases which mean their spaces will become available in 6-12 months. However you won’t find that out until the space has already been leased up. Many times the best spaces are leased up long before they are advertised. Tenant rep brokers typically know about potentially available spaces long before they are advertised and BEFORE you will know about them.

4. Tenant Brokers Service Cost You Nothing

Having a tenant rep broker help you find space does not have a negative impact on the deal you get. If you tell a landlord that you are representing yourself and ask for the rental rate you will find that the rental rate is the same as the tenant rep broker told you it would be. There is absolutely no cost for you to hire a tenant representative as the landlords cover the cost. However they represent your best interests. 

5. Commercial Real Estate Leasing Is Complex and Time Consuming

When leasing commercial real estate you will hear a bunch of complicated acronyms and terms. Not knowing what they mean can put you at a disadvantage when negotiating against a landlord our listing agent that does know. Tenant rep brokers can help educate you and take the mystery out of the process to ensure you understand and make the best decisions. Having a good commercial real estate tenant representative in your corner can help you save time and avoid costly mistakes.

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Westview Office Space – 316 W 12th Street Austin Tx 78701

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westview office building austin txWestview office building is located in downtown Austin at 316 W 12th St, Austin, Tx 78701. If you are looking to be close to the Texas State Capital this is the place to be. 

If you are interested in leasing downtown Austin office space at Westview give us a call at 512-861-0525 and we can help you negotiate the best deal possible.

Building Size – 98,500 RSF of newly renovated class A office space

Building Height – 6 stories

Typical Floor Plate – 15,470 RSF

Parking – Parking ratio 1.16/1,000 sf. Garage parking also available

Amenities – Fitness Center with showers, rooftop terrace, building conference room, bike lockers, private outdoor space

Walking Distance To – The capital, The University of Texas, Dell Medical School, Downtown Austin entertainment district, and public transportation

westview office 316 w 12th austin txTransportation – Metro bus stops including rapid line

For Austin office leasing rates and info on available spaces give us a call and we will help you find the perfect office space at Westview in downtown Austin.

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You Don’t Need to Rent as Much Office Space as You Think!

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don't need too much office spaceWhen trying to reduce their office space rent costs many companies focus too much on only getting the lowest rental rates possible. What they seem to overlook is the fact that they don’t actually need as much office space as they think. 

If more companies would shift their focus to the actual square footage that they need and how efficiently the space could be built out and used they would be able to generate significant costs savings. 

Depending on the market you are in you may not have as much leverage in rent negotiations, however what you do have complete control over is the amount of space that you rent.

Efficiency is Key When Renting Office Space

Even in a down market where rental rates are low it’s still important to avoid leasing too much space. Before you begin looking for space consider doing a thorough space evaluation and determine your ideal layout, as well as how you will use the space. After being interviewing about your current and future needs and use a good space planner or architect can create a program for you to help you determine the exact size space you need.

Think about the job functions and needs of each employee. If you spend some time in the planning phase you will uncover some ways to reduce your office space size and still maintain productivity in a smaller space. Also if you reduce your size you might find that you can now afford a nicer class A office space.

When you are ready to find and rent office space you absolutely want to find the best location and negotiate the lowest rental rate possible. However don’t forget that you have more control over how much space you rent. Don’t get caught in the moment and lease more space than you really need.

The post You Don’t Need to Rent as Much Office Space as You Think! appeared first on Austin Tenant Advisors.

Virtual Reality Changing How We View Commercial Real Estate

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virtual reality in commercial real estateWhen looking for commercial real estate to lease or purchase how many hours have you spent looking at office space photos or physically touring the spaces? If you have been in the commercial real estate business as long as I have or are a company that has leased a few commercial properties you have probably spent many hours looking at commercial spaces before deciding which one is right for your business. Well Virtual Reality is about to change all that.

What is Virtual Reality?

Virtual Realty (VR) is a computer generated technology that allows you to see 3 dimensional images or environments that you can seemingly or physically interact with using headsets, glasses with a screen inside, or other electronic equipment. Virtual reality is currently known more for the gaming industry however some companies are testing the new technology in residential and commercial real estate

Virtual Reality Technology and Commercial Real Estate

Current marketing practices for properties of most commercial real estate companies is by posting videos, photos, and flyers on the internet for people to see their commercial spaces that they have available for lease or sale. For the tenant or buyer the only way to get a real feel for the property is to physically see it. With VR the prospect may not even have to be in the same zip code of the property to see it. From their office or home they can put on the VR glasses and feel like they are physically in the space.

If it works out using virtual reality in commercial real estate can be a game changer and make previewing commercial spaces much easier and faster. VR will change the way commercial tenants do their commercial property site selection and planning before having to physically tour commercial spaces. This will also be a great tool for investors looking to buy commercial investment properties in different cities, states, or countries.

There are some major steps to climb however as the VR technology gets better more and more commercial real estate companies will experiment with ways to improve their ability to lease and sell properties. There may not even be a need to visit some commercial properties before leasing or buying them as you will be able to see everything you need to see by just putting on some VR glasses. You can even buy or lease space across the country.

With VR these CRE firms will be able to actually PUT a potential buyer or tenant in the space, enabling them to look around and get an idea of what it would be like to occupy and work in the space. Then within an instant the prospect could be PUT into another property for viewing. VR has the ability to capture the attention of prospects for up to 5 minutes or longer.

Other uses for virtual reality in commercial real estate will be to see raw land, touring to be built properties, looking at building interior mockups, etc. And all this can be done without having to spend money on travel back and forth. 

Seeing Commercial Spaces with VR Can Save Time and Money

Most decision makers have a lot on their plate and having to fly or drive across the country to look at multiple locations is very time consuming. However by being able to virtual tour commercial spaces they will be able to view spaces across different cities all within minutes thus saving valuable time. 

Also when touring spaces it can be hard to envision how it would work for your company once it’s finished out with a different layout, furniture, etc. VR will allow tenants to view sample floor plans so they can see what an unfinished space would look like after the build-out is completed.

I don’t think that physical tours of commercial spaces will go away however virtual reality will cut down on the time needed to physically tour them. VR is still new and the cost cost and expertise is high which will making adopting the use of VR slow. However as the costs go down you will eventually see more commercial property owners using it so that buyers and tenants can more easily view their spaces.

 

 

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Centennial Towers Office Space – 505 E Huntland Dr Austin Tx 78752

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centennial towers austin txCentennial Towers office building is located in North Central Austin at 505 E Huntland Drive. If you are looking for a Class A building with value oriented rates this is the place. 

If you are interested in leasing Austin office space at Centennial Towers give us a call at 512-861-0525

Building Size – 156,293 RSF

Building Height – 6 stories

Typical Floor Plate – 26,048 RSF

Parking – Parking ratio 4/1,000 sf. Garage parking available

Amenities – Building conference room, fitness Center with showers, steam room, and lockers

Walking Distance To – Several restaurants, ACC Highland Mall Campus, commuter rail, and public transportation

Transportation – Easy Access to IH-35, Hwy 290, and US Hwy 183. 10 minutes to downtown Austin. 

For rates and info on available spaces give us a call and we will help you find the perfect office space at Centennial Towers in North Central Austin

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