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RENT IS NOT THE ONLY FACTOR TO CONSIDER!
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Do you know that monthly parking costs can add $0.20/SF up to more than $0.70/SF to your monthly expenses? Do you validate for visitor parking? Make sure you consider any charges for tenant and visitor parking to your overall costs. Does the building have enough parking for your needs? |
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When is $2.73/SF not more expensive than $2.50/SF? If you lease a 1,000 usable square feet (USF - actual size of space), a typical office building will add on an additional 10-20% to account for the load factor (the lobby, bathroom, common hallways, etc.). Therefore, a building using a 20% load factor would lease the space based on 1,200 rentable square feet (RSF = USF + load factor). Therefore, a space renting for $2.50/RSF would be $3,000/mo. A building using a 10% load factor (1,100 RSF) with a $2.73/RSF rental rate would actually be offering you the same size space at the same price per month! |
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Do you work late hours and/or on weekends? Most buildings charge an hourly rate of $50/hour and up to use the HVAC (air conditioning) after 6 pm on weekdays and anytime on the weekend. A modified gross lease that is separately metered for utilities or has package A/C units can be a huge savings. |
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Are you considering a sublease? If it is a short term sublease at a below market rate, do you know how much the rent will increase when sublease term expires or if landlord will allow you to remain in the space after the sublease term? Should you negotiate to extend the lease now or waiting until the sublease is about to expire? Is the Sublessor financially stable? What happens if the other tenant stops paying their rent or declares bankruptcy? |
THE BARBAKOW-MOTT TEAM – WHY US?
SEE WHAT ONE OF OUR SATISFIED CLIENTS HAS TO SAY...
“Thanks very much for your exceptional service in finding our office space for Goode Family Productions, LLC.
The many options you provided and your knowledge of the properties were instrumental in finding the ideal environment for our show.
Given the many challenges our office presented (a very large space, in a premium building, close to producers’ homes, and for a relatively short term lease), I’m particularly impressed that you found such a great space.
Thanks also for sharing your valuable expertise in negotiating our lease. I appreciate your help in protecting our interests, and in navigating the complicated document.”
~ Robert Panigi
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Jeremy Barbakow Senior Vice President 818 905 2400 ext. 146 fax 818 905 2425 jbarbakow@naicapital.com |
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Kayvan Mott Associate 818 905 2400 ext. 170 fax 818 905 2425 kayvan@naicapital.com |
Click Here to View the Barbakow-Mott Listings
Or Click Here to Request a Customized Availability Survey
| Jeremy Barbakow Senior Vice President jbarbakow@naicapital.com |
Kayvan Mott Associate kayvan@naicapital.com |
16001 Ventura Blvd. Suite 200 Encino, California 91436 |
No warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein.
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Please consider the environment before printing this email.