Rent

Susan AZ · 06-20-2001, 11:49 AM

What is the average rent for space? I have been pricing a few and it is running $3000 - $4000 for space between 1500-1800 sq.ft.Is that high or normal?

Bronze Star · 06-20-2001, 12:51 PM

Leasing depends on geographic and demographic location. I priced an area that cost me about $3000 for 3200 sq ft... which didn't include other costs... so final figure was closer to $3,400. I guess where I am at in New Jersey the going rate is about $11 a square foot.Just let us know which area of the country or state you are in. That lease sounds a bit high! Are they supplying you with your own AC or will you have to upgrade or provide it yourself?

Susan AZ · 06-20-2001, 01:07 PM

I am in Arizona. The price was quoted per sq.ft. with triple net charges. In the above post that would be the total monthly rent payment. It seemed high to me but even going into a older building the rent would be $17.57 per sq.ft. w/triple net charges included which would lower the rent by $800. But, would the lower payment be worth it in the long run? Location has to be the hardest decision to make. Right?

Sonshinetans · 06-20-2001, 01:17 PM

What are triple net charges?? and what is the population of the city your building is in???I am in a small town of about 20k and my build out with 15tons of AC, and rent cost 9.28 sq ft.

John B · 06-20-2001, 01:27 PM

Quote:Originally posted by Bronze Star:Leasing depends on geographic and demographic location. I priced an area that cost me about $3000 for 3200 sq ft... which didn't include other costs... so final figure was closer to $3,400. I guess where I am at in New Jersey the going rate is about $11 a square foot.Just let us know which area of the country or state you are in. That lease sounds a bit high! Are they supplying you with your own AC or will you have to upgrade or provide it yourself?OMG... your cost for 3200 sqft is cheap. I'm looking at a place now that cost $3100 for 1600sqft. granted though it sits in a plaza with a movie theatre,blockbusters,and soon to be hooters.

John B · 06-20-2001, 01:33 PM

Quote:Originally posted by Sonshinetans:What are triple net charges?? and what is the population of the city your building is in???I am in a small town of about 20k and my build out with 15tons of AC, and rent cost 9.28 sq ft.tom how did you present the agreement to your landlord to help with build out cost? I asked if they would help and they told me maybe a little depends on my creditability.I explained that I would sign a 5 yr lease if they would either give me 1 free month for each yr I sign for or give me a allownance towards build out.

Sonshinetans · 06-20-2001, 02:11 PM

Before negotiating the lease I developed a rough scetch of how I wanted the building to look and had him give me a price per sq ft with signing a 5 year lease.They did everything I wanted except the coffee bar. That wasn't a biggie for me.This is a newly developed building and he needed some tenants. It is now growing fast and the negotiating is getting tougher.

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06-20-2001, 11:49 AM	#1 (permalink)
Susan AZ Join Date: Jun 20 2001 Posts: 6 Rep Power: 0	What is the average rent for space? I have been pricing a few and it is running $3000 - $4000 for space between 1500-1800 sq.ft.Is that high or normal?

06-20-2001, 12:51 PM	#2 (permalink)
Bronze Star Join Date: Apr 11 2001 Posts: 2,732 Rep Power: 8	Leasing depends on geographic and demographic location. I priced an area that cost me about $3000 for 3200 sq ft... which didn't include other costs... so final figure was closer to $3,400. I guess where I am at in New Jersey the going rate is about $11 a square foot.Just let us know which area of the country or state you are in. That lease sounds a bit high! Are they supplying you with your own AC or will you have to upgrade or provide it yourself?

06-20-2001, 01:07 PM	#3 (permalink)
Susan AZ Join Date: Jun 20 2001 Posts: 6 Rep Power: 0	I am in Arizona. The price was quoted per sq.ft. with triple net charges. In the above post that would be the total monthly rent payment. It seemed high to me but even going into a older building the rent would be $17.57 per sq.ft. w/triple net charges included which would lower the rent by $800. But, would the lower payment be worth it in the long run? Location has to be the hardest decision to make. Right?

06-20-2001, 01:17 PM	#4 (permalink)
Sonshinetans Join Date: Oct 23 2000 Location: alabama Posts: 493 Rep Power: 8	What are triple net charges?? and what is the population of the city your building is in???I am in a small town of about 20k and my build out with 15tons of AC, and rent cost 9.28 sq ft.

06-20-2001, 01:27 PM	#5 (permalink)
John B Join Date: Jan 10 2001 Location: Crossville,Tn Posts: 162 Rep Power: 8	Quote:Originally posted by Bronze Star:Leasing depends on geographic and demographic location. I priced an area that cost me about $3000 for 3200 sq ft... which didn't include other costs... so final figure was closer to $3,400. I guess where I am at in New Jersey the going rate is about $11 a square foot.Just let us know which area of the country or state you are in. That lease sounds a bit high! Are they supplying you with your own AC or will you have to upgrade or provide it yourself?OMG... your cost for 3200 sqft is cheap. I'm looking at a place now that cost $3100 for 1600sqft. granted though it sits in a plaza with a movie theatre,blockbusters,and soon to be hooters.

06-20-2001, 01:33 PM	#6 (permalink)
John B Join Date: Jan 10 2001 Location: Crossville,Tn Posts: 162 Rep Power: 8	Quote:Originally posted by Sonshinetans:What are triple net charges?? and what is the population of the city your building is in???I am in a small town of about 20k and my build out with 15tons of AC, and rent cost 9.28 sq ft.tom how did you present the agreement to your landlord to help with build out cost? I asked if they would help and they told me maybe a little depends on my creditability.I explained that I would sign a 5 yr lease if they would either give me 1 free month for each yr I sign for or give me a allownance towards build out.

06-20-2001, 02:11 PM	#7 (permalink)
Sonshinetans Join Date: Oct 23 2000 Location: alabama Posts: 493 Rep Power: 8	Before negotiating the lease I developed a rough scetch of how I wanted the building to look and had him give me a price per sq ft with signing a 5 year lease.They did everything I wanted except the coffee bar. That wasn't a biggie for me.This is a newly developed building and he needed some tenants. It is now growing fast and the negotiating is getting tougher.

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