Posted in Uncategorized

Who pays for Tenant Improvements (TI)?

Question: Who pays for Tenant Improvements (TI)?

 

I am asked this question many times especially by tenants who have special requirements for their businesses to run effectively.  When I work as a Tenant Representative, I completely understand the customer’s concern because I know that it is virtually impossible to find office or industrial space that is exactly what your business needs.  There is almost always some kind of modification to the site that must be done to make the property make sense.  Examples of the most common Improvements are: Adding Walls, Removing Walls, Adding Electrical Outlets, Plumbing, New Flooring or Paint to name a few.

 

Landlords “almost always” have some budget already included in their yearly rental rate for “TI”, but they rarely offer to do those improvements out right.  It is up to the tenant to request that the landlord make the improvements on their behalf “at no additional cost.” Impossible? No. Improbable? Of Course not.  You will be surprised how much is already budgeted for improvements that tenants do not receive because of “Lack of Knowledge” and in many cases because of “Lack of Representation.”

 

When you work with a professional Tenant Representative they will fight on your behalf and know what to ask for and how to ask for it.  There may be some expenses that may be considered as upgrades to what landlords have in their budgets but as I always say: “If you don’t ask you will never know.”

Posted in Businesses in Doral, Commercial Real Estate, Offices in Doral, Offices in Miami, Uncategorized, Warehouses in Doral

What is a Full Service Lease?

What is a Full Service Lease in Commercial Real Estate? Many times I am asked this question from both tenants and other Real Estate Professionals. In a Full Service Lease, the rent is all-inclusive. In other words, the landlord pays all or most expenses associated with the property, including taxes, insurance, and maintenance out of the rents received from tenants. Utilities and janitorial services are also included within one easy, tenant-friendly rent payment.

This type of Lease is my favorite and I believe the most beneficial in most cases.  If you want to know what type of lease you have or right for you, I will be happy to help you figure it out.  Just send me a quick note.

Posted in Businesses in Doral, Commercial Real Estate, Offices in Doral, Offices in Miami, Uncategorized, Warehouses in Doral

Why work with a Commercial Real Estate Buyer / Tenant Representative?

Whether you are buying or leasing, or seeking office, industrial or retail space, it is imperative that you have a professional and knowledgeable broker representing your interests. A buyer or tenant representative will not only help you identify the best sites and buildings, but if they really know what they are doing, he or she will help you to negotiate the best deal for your company and save you a lot of time, money and headaches.

How much does this service cost you? Most of the time it costs you $ Zero. Usually the Owner or Landlord pays the commission.

Posted in Businesses in Doral, City of Doral News, Commercial Real Estate, Offices in Doral, Uncategorized, Warehouses in Doral

Parking in Doral

Are you thinking about leasing Commercial Property in the City of Doral? If so, there are many things to consider.  One consideration is parking.

Depending on the nature of your business and the people you serve, location is definitely key.  Ask yourself; who are your customers and will they visit you in your new location? If so, parking is something to really consider.  Wherever you establish your business parking must be able to accommodate you, your employees and your customers well throughout the day.  There are several shopping Centers and Office Buildings that can work for you. What ever type of establishment you choose you should have no less than 4 parking spaces per 1,000 SF occupied by your business.

My suggestion to you is to work with a professional.  A Commercial Broker that specializes in Tenant and Buyer representation can save you tons of time and money.

 

Amy