Don Cox Company

This summer is an ideal time for commercial real estate lease renewal

2009-07-29T13:44:00.007-05:00

International Tenant Representative Alliance announces a summertime bonanza for companies threatened by the current economy: Vast amounts of vacancies and subleases are driving down initial rents and lease renewals.

(PRWEB) July 29, 2009 -- According to Ross Selinger, VP of the International Tenant Representative Alliance, the current downturn in the economy provides a major advantage for market-savvy commercial real estate tenants; because of a large amount of vacant space. This summer offers an opportunity to strengthen the financial future of a company with a lease renewal.

Considering the recent changes in the national economy, Selinger clarifies what many know, but rarely take advantage of: "A renewing tenants gets shabbier treatment than a new one. Landlords often give new tenants free rent upfront, lower per square foot costs and the space built out for free." Renewing tenants receive very little, if anything, and are often assured a rent hike. Many astute commercial real estate tenants unfortunately choose to keep their expiring lease and "fail to choose market-savvy negotiation because of the landlord or managing agent is nice to them." Too often, tenants like to renegotiate the lease themselves because, as Selinger reminds us, landlords make "renewing tenants feel they'll be taken care of," and because "tenants don't want to upset their relationship with the landlord; tenants think they are good negotiators and they'll save money on the broker's commission."

Unfortunately for the tenant, but very fortunately for the building owner, landlords view their existing tenants, as a "captive audience." Selinger reminds tenants that a "landlord can set his watch by the fact that most tenants don't like to move and will contact him about renewing their lease. Landlords also know from experience that Mr. or Ms. Tenant won't generally pursue other options or obtain knowledge about the current office leasing market; thus the tenant will have no leverage and is likely to agree to a modest rent increase."

But, Selinger warns, the best way to approach lease renewal is with a market-driven strategy. Selinger provides an apt example: "While it may feel good to negotiate yourself a $.75 PSF annual increase to renew your existing $26 PSF lease, the current market may only be demanding $22 PSF and offering tenant improvements and free rent concessions." The solution, Selinger claims, is to "hire a tenant broker who makes a living knowing the market. But not just any broker. Hire a tenant representative who does not represent landlords, has no conflicts of interest, and will never work for your landlord or any other landlord."

A landlord will only give a renewing tenant the same kind of deal new tenants get if he believes that you have alternative locations. So, according to Selinger, "when you approach the landlord with your tenant representative, the landlord will know that you've done your homework and created options, whether you use office space or industrial space, and that he has to compete with those options if he wants to keep you in his building. To further put the landlord in a 'hole', your tenant representative can convey to your landlord all of what you dislike about your present building. However, he can also convey that you are willing to stay if the landlord delivers a counter offer commensurate with the alternative locations the tenant rep has explored."

But, why act this summer, and not wait until next year? No one can guess that the current rate of vacancies will continue that long. And here's a final note of hope from Selinger: "A tenant broker can even negotiate the new term to begin upon the signing of the renewal, so the tenant doesn't have to wait for the previous lease to expire."

But it all starts with a market-based strategy developed with a savvy tenant representative . ITRA, comprised of senior brokers who are all tenant representatives, is perfectly situated to help companies take advantage of this summer's commercial real estate market bonanza.. ITRA has been advocating for large and small companies since 1992. Furthermore, ITRA is a global organization offering representation in major markets throughout the world. More information can be found at www.ITRAGlobal.com. Don Cox Company is the Austin ITRA branch. For local info, call Don Cox Company at 512.478.1711 or visit our website at www.doncox.com.

Did you know? Barcelona Commercial Real Estate

2009-06-05T14:56:00.006-05:00

Barcelona, Spain

Barcelona and its Commercial Real Estate Market are unique in many respects. Did You Know…

· Barcelona is a culturally rich city located in the northeast corner of Spain, in the autonomous community of Catalonia. While Madrid is considered the political and economic center in Spain, Barcelona is considered the cultural and industrial hub in the country. The city is known for its beautiful parks, architecture, and beaches on the Mediterranean Sea.

· Barcelona is a bilingual city: Catalan and Spanish are both official languages and are widely spoken. About 95% of the population understands Catalan. Barcelona’s education system is strongly developed, and is comprised of well-regarded higher education institutions as well as public and private primary schools. The city’s most renowned universities are University of Barcelona, Polytechnic University of Catalonia, and Pompeu Fabra University. The literacy rate in the city is over 98%.

· Barcelona is a significant hub for air, railway, and water travel in Europe and around the Mediterranean. The port of Barcelona is one of the largest and most active in Europe in terms of cargo transport and commercial travel. Barcelona International Airport is the second largest airport in Spain.

· Catalonia imports 29% of all Spanish imports and exports about 27% of the country’s exports (Barcelona accounts for 80% of Catalonia’s exports and 84% of the imports). The most important industries in Barcelona are: textiles, chemicals, pharmaceutical, automotive, tourism, electronics, food, energy, logistics, publishing, telecommunications, and computers.

· Barcelona is a huge contributor to the Spanish economy, which is the world’s 11^th largest economy in terms of GDP (PPP) with over $1.362 trillion. Barcelona’s economy is based on small firms and large chain stores, rather than large corporations. Barcelona is also home to a thriving stock exchange, and is internationally known as a commercial and financial center. Barcelona leads Spain in foreign direct investment and is considered to be one of the world’s most highly regarded business locations.

· As Barcelona’s economy becomes more prominent internationally, its real estate market becomes more attractive. All sectors of the market are currently expanding. The office market is experiencing high demand and a rise in rental prices. Rents have increased in all areas of the city, particularly in the CBD, where rents increased 8% since 2006, to an average of $3.30 per square foot per month. In the prime, secondary, and suburban markets, rents have also increased between 5% and 6%. Throughout 2008, over 3 million square feet was added to the market, and a large volume of supply will be delivered between 2009 and 2010. Rents are expected to continue increasing, while vacancy rates are expected to remain stable.

· The industrial market is also experiencing rental growth due to low supply and high demand. Since 2006, rents in centralized areas have increased by almost $0.15 per square foot per month, while in suburban areas rents have increased about $0.07. The real estate market in general is expected to continue strong over the next few years.

Barcelona
City Population	1.67 million
Metro Population	3.2 million
City Area	38.764 mi²
Spain
Population	40.49 million
Growth Rate	0.096%
Median Age	40.7 years
GDP - Purchasing PP	$1.362 trillion
Real GDP Growth	3.6%
GDP Per Capita	$33,700
Unemployment Rate	7.6%
Inflation Rate	2.4%
Labor Force	22 million
Literacy Rate	97.9%
Exchange Rate	€1 = $1.576

Barcelona 1Q 2009

(USD/Sq Ft/Month)

Office

Rent

Vac.

City Center
$1.61 - $3.10

2.0%

CBD
$2.50 - $4.02

2.7%

New Areas
$1.68 - $3.37

12.9%

Suburbs
$1.39 - $2.49

12.8%

Overall - A
$2.95

5.3%

Industrial

Vacancy

Barcelones

$0.99

Valles Occidental

$0.87

Valles Oriental

$0.73

Baix Llobregat

$0.82

For further information on doing business in this market, please contact:

Don Cox
ITRA / Don Cox Company
don@doncox.com
+1 (512) 478-1711

Bangkok Commercial Real Estate

2009-05-01T14:18:00.004-05:00

Bangkok, Thailand

Bangkok and its Commercial Real Estate Market are unique in many respects. Did You Know…

· Bangkok, the capital and largest city of Thailand, is the commercial, political, educational, financial, and cultural center of the country. Bangkok is also the 22^nd most populous city in the world and one of the major economic and financial centers in Southeast Asia. Bangkok has an altitude of one hundred feet above sea level, and has one of highest average temperatures in the world.

· Bangkok produces about 40% of the country’s total GDP, or over $230 billion. Its GDP per capita is around $20,000, which is one of the highest in Southeast Asia.

· Bangkok houses the headquarters of most of the national and international firms in the country, the nation’s stock exchange, and Thailand's largest commercial banks and financial institutions. Many multinational companies operate regional headquarters in Bangkok because the cost of operation in the city is less than in most rival Asian cities.

· Bangkok, with about 1,000 skyscrapers, has one of the fastest high-rise construction rates, and is one of the world’s most popular tourist destinations thanks to the city’s wealth of cultural sites. Tourism, with over 15 million visitors per year, is one of Bangkok’s most important industries, generating 5% of the nation’s GDP.

· The city has a large number of private and public universities, including Thailand’s oldest university, Chulalongkorn University. In order to overcome traffic jams, the local government has expanded the expressway, built several elevated highways and second level roads, and is building a high speed elevated railroad. The city is served by Don Mueang and Suvarnabhumi international airports.

· Political instability and poor business sentiment in recent months have slowed the commercial real estate and investment markets. Bangkok is experiencing low supply and low demand, and a decrease in rental prices. Absorption in the office market during 1Q 2009 was only 16,500 ft². Currently there are 14.5 million ft² of class A in the CDB, and 2.15 million ft² will be added over the next 2 years.

· With no new class A projects completed in 1H 2007, the prime retail stock continues at 34.9 million ft². About 290,600 ft² will be finished in 4Q 2007. Total stock in the industrial market is 1,789 million.

Bangkok

Population	7.5 million
Area	605 mi²
Av. Ann. Temp	83^o F
Av. Ann Rainfall	57 inches
Elevation	100 feet
GDP Per Capita	$20,000

Thailand

GDP - Purchasing PP	$596 billion
GDP Per Capita	$9,200
Real GDP Growth	4.8%
Inflation Rate	5.1%
Labor Force	36.4 million
Unemployment Rate	2.1%
Literacy Rate	93%
Exchange Rate	1$ = 32.5 THB

Average Rental Rates 1Q 2009

(USD/Sq Ft/Month)

Sector	Net Rent	Vacancy
Office A - CBD	$1.53	11.3%
Retail A - CBD	$4.11	6.2%
Manufacturing	$0.47	N/A

For further information on doing business in this market, please contact:

Don Cox
ITRA / Don Cox Company
don@doncox.com
+1 (512) 478-1711

Brokers Who Serve Two Masters

2009-04-20T09:47:00.004-05:00

Dual representation brokerage is the real estate brokerage industry's "Elephant in the Room".

Dual agency occurs when one real estate company represents both the tenant and the landlord in a lease transaction. Sometimes it is one individual on both sides; other times it is two individuals within the same firm.

No one serves two masters.

Every year tens of thousands of businesses are misled by brokers whose true loyalty is to the landlord. This costly mistake translates to higher rent, more overhead and less profits. Yet, like an elephant in the room, many business tenants negotiating a lease ignore the elephant and allow a major component of their future impacted by people whose loyalties lie across the negotiating table – the dual rep broker and his true client, the landlord.

Recently, a professional services firm that occupied 15,000 square feet of office space was approached by its building’s listing broker and his landlord. This dual-loyalty broker and his landlord client said all the right things to the tenant, focusing on the great relationship they had shared over the past ten years. They told the firm not to hire an outside broker to represent the tenant’s interests and offered the tenant “a below market deal.” The dual-agency broker promised the tenant that it would save the cost of a commission, and that savings would be reflected in reduced rent.

The tenant was contacted by our office, and happened to ask if we could review the landlord’s “wonderful terms”, based on our recent experience in the building and in the surrounding area.

What happened next shocked the tenant: we showed them that the deal was below the belt, not below the market. The proposed rent was actually $4 per foot higher per year than recent new deals we had finalized in the same building. In addition, the landlord wasn’t going to change the tenant’s base year for operating expenses. In the proposed deal, they would pay an extra $.40 per square foot per month in expenses, and that increase would have continued for another ten years had we not reviewed the deal. The tenant was offended by the deception attempted by the landlord and the landlord’s broker. We moved them out of the building to higher quality space in a better building and saved them almost $2 million dollars.

Although the commercial real estate market has been trying to hold the lid on this dirty little secret for decades – it’s called conflict of interest – a growing group of tenants are having an epiphany. These savvy tenants are realizing that in the world of big commercial brokerage houses, the house wins, and in this case the house is always the landlord, because that is where the money is!

The landlord’s goals and objectives clearly conflict with the tenant’s. Next to payroll, “rent” is the highest expenses for most companies. Rent is defined as base rent plus all the additional occupancy costs landlords impose upon tenants during their lease term, including operating expense pass-throughs, real estate taxes, parking charges, amortized tenant improvements, and much more.

Landlords are in the business of leasing and operating office buildings: they are pros at it. They know every trick in the book. And their soldiers are the landlord brokers.

How does a broker who has a listing on a building, and a fiduciary responsibility and contractual obligation to the landlord, fairly and adequately also represent the tenant? The answer is, no matter how much marketing spin they might use to justify it, they can’t.

An unsuspecting tenant doesn’t stand a chance when standing alone against a dual agency broker and his landlord. Commercial tenants aren’t in the real estate business. Their focus and experience lies in whatever it is they do to maximize their own profits and maximize expenses. However, one sure way to minimize expenses is to hire a specialized tenant representation firm and level the playing field when negotiating an expansion, renewal, relocation, contraction or purchase. An exclusive tenant rep firm – like Don Cox Company – only represents space users, never landlords.

Let’s look at another example: A tenant was renegotiating his firm’s lease directly with the landlord and the landlord’s broker. Without a tenant representative in his corner, the tenant was at a disadvantage. Don Cox Company stepped in and reviewed all the correspondence as well as the existing lease. The landlord was threatening to re-measure the space per BOMA 1996 standards. This would have increased the tenant’s core factor by more than 7%. However, we pointed out that the tenant had a favorable extension option which they hadn’t exercised yet, and the lease was specific: the landlord had no right to re-measure the space. We helped the tenant go to arbitration, and saved them $1,000,000 in rent – money that would not have been saved had they used a dual representation brokers server landlords in securing additional listings or management contracts, from the landlords, or to market their success to other potential landlords.

When Don opened this firm over 25 years ago, everyone worked for landlords. We made our money by filling landlords' buildings with new tenants and retaining tenants on lease renewals. It wasn't until the mid 1980s that exclusive tenant representation started to emerge as a realistic business model accepted by corporate users.

A tenant broker wants to do a good job, develop a long-term relationship with the client based on trust, and win referrals to other tenants in their market in the process.

The choice is yours! Let's send the elephant packing!

For first class tenant representation, call us at 512.478.1711 or visit our website at www.doncox.com

Did you know? Bangalore Commercial Real Estate

2009-04-10T09:57:00.006-05:00

Bangalore, India

Bangalore and its Commercial Real Estate Marker are unique in many respects. Did You Know…

· Bangalore, also known as Bengaluru, is the capital of the Indian state of Karnataka. It has a population of about 5 million and a metropolitan population of 6.5 million, making it India’s third largest city and fifth-largest metropolitan area.

· The city is one of India's fastest growing markets and the third-largest hub for high net worth individuals after Mumbai and Delhi. Its per capita income of US$ 6,460 is the highest for any Indian city.

· It is home to an impressive array of colleges and research institutions, which explains the second-highest literacy rate amongst the surrounding metropolitan cities in India.

· Bangalore is referred to as the “Silicon Valley of India” because of the large number of IT companies in the city, which contributes approximately 38% of India’s US$22 billion IT and software export market.

· Biotechnology is an expanding industry in the city. The city of Bangalore accounts for 47% of the 265 biotech companies in India.

· The Bangalore Stock Exchange is the largest in South India. It was founded in 1963 and has 595 regional and non-regional companies listed.

· Several projects are under construction with the intention to solve some of the problems created by the rapid economic growth. An intra-city rapid rail transport system is expected to be operational by 2011.

· The commercial real estate market in Bangalore remains strong. Demand in the CBD is driven by financial institutions and corporate houses, while the IT/ITES sector dominates the SBD. Around 6 million of square feet of office space are currently under various stages of construction in the CBD and the SBD.

· It is estimated that annual rental values in the CBD will increase, while those in the SBD will stabilize. The retail commercial sector is also expected to follow a similar growth trend due to Bangalore’s highly paid IT/ITES workers.

For more information about commercial real estate in Austin or across the world, contact Don Cox Company at 512.478.1711 or our website at www.doncox.com.

Bangalore

Population
6,520,000

Area
269 mi²

Av. Ann. Temp
74.3^oF

Av. Ann. Rainfall
38.81 Inches

Literacy Rate
85.7%

India

Nation's GDP
$4.042 Trillion

Real GDP Growth
8.5%

Inflation Rate
5.3%

Prime Lending Rate
11.8%

Unemployment Rate
7.8%

Labor Rate
510 Million

Exchange Rate
1 INR = $0.02

Rental Rates

(US$/Sq Ft/Month)

Office	Low - High	Vacancy
CBD
New	$1.32 - $1.65	5.0%
Grade A	$1.10 - $1.43	10.0%
Grade B	$0.77 - $1.10	20.0%
Non CBD
New	$1.10 - $1.32	10.0%
Grade A	$0.77 - $1.10	17.0%
Grade B	$0.55 - $0.77	25.0%
Retail	Low - High	Vacancy
CBD	$1.10 - $4.40	10.0%
Industrial	Low - High	Vacancy
Manufactu.	$0.22 - $0.55	25.0%

For further information on doing business in this market, please contact:

Don Cox
ITRA/Don Cox Company
512.478.1711

Did you know? Amsterdam's Commercial Real Estate Market

2009-04-09T09:58:00.013-05:00

Amsterdam, Netherlands

Amsterdam and its Commercial Real Estate Market are unique in many respects. Did You Know…

· Amsterdam, located in the province of North Holland, is the largest city

in the Netherlands. Although the seat of the government, the Supreme

Court, and the parliament are in The Hague, Amsterdam is the official

capital of the country.

· Amsterdam is one of the most important cities in Europe in which

to do business. It is the financial, commercial, and cultural center

of the Netherlands, and its geographical location makes it an ideal

gateway to European markets. For these and other reasons the city

is home to most of the national and international firms in the

Netherlands.

· Amsterdam is also one of the most planned cities in Europe, with

strategically positioned highways, railroads, water canals,

and telecommunications links that connect it with the rest of the

country and Europe. The city is served by the Amsterdam

Schiphol Airport, which handles over 46 million passengers

per year, and it is the fourth most active in Europe and tenth

in the world.

· With limited access to cars in the downtown area and

with over 700,000 bicycles, Amsterdam is one of the

most bicycle-friendly cities in the world.

· Tourism is one of the largest industries in Amsterdam

with over 3.5 million visitors per year. The most popular tourist

attractions in the city include the Rijksmuseum, Van Gogh

Museum, water canals, and the red light district.

· The office market is currently very active; absorption and

rental rates are increasing while supply is decreasing. Demand

for high quality space is very high, but only 17% of the total

supply in the city is class A. The South Axis business district

is expected to remain as the main supplier of prime space.

· During the first half of the year only a small amount of

office space was completed; however, the amount expected

to be added over the rest of the year is about 890,000

square feet. Approximately 2.4 million square feet will

be completed during 2009.

· The forecast for Amsterdam’s economy and commercial real

estate market is positive. The GDP growth during the rest

of the year is expected to continue at 2.8%, the same rate

as last year, and the outlook for 2009 is also optimistic,

with a decrease in unemployment rate and a rise in foreign

direct investment.

Amsterdam
City Population	747,000
Metro Population	2.2 million
City Area	85 mi²
Metropolitan Area	732 mi²
Av. Annual Temp.	50^oF
Av. Annual Rainfall	30 inches
Real GDP Growth	3.7%
Unemployment	8.3%
Sweden
Population	16.5 million
GDP Purchasing PP	$529 billion
Real GDP Growth	2.8%
Inflation	1.8%
Long Term Interest Rate	4.0%
Labor Force	7.6 million
Unemployment Rate	5.0%
Literacy Rate	99%
Exchange Rate	1€= $1.357

Office Market Information 2Q 2007

(USD/Sq Ft/Month)

Rent - Class A

Vacancy

$3.47

13.3%

Total Stock

Available Supply

75.3 million sq. ft.

9.98 million sq. ft.

Absorption

Investment

1.4 million sq. ft.

$550 million

For further information on doing business in this market, please contact:

Don Cox
ITRA / Don Cox Company
don@doncox.com
+1 (512) 478-1711

New listing - right on Lake Austin!! Check out the view!

2009-03-26T14:44:00.004-05:00

To view the flyer, go here: Flyer

This space is awesome! It is right off the elevator on the 3rd floor. You step into a brightly colored reception and the first thing you see ahead of you is the most incredible view of Lake Austin. The extra large conference room can hold everyone in the company and it also has the lake view as do all of the window offices along the north side of the building.

Factors to consider for leasing office space

2009-02-24T16:01:00.004-06:00

Think leasing an office is simple? There is a lot to consider.

In the case of leasing business spaces, tenants and their brokers too often gage the success of a transaction primarily by the difference between the current market rent and the negotiated lease rate. However, by focusing solely on rent, a corporate tenant could actually stand to lose much more than the negotiated savings, ultimately losing considerable money on total occupancy costs.

Among the scores of pages that make up a typical lease document, there are at least 100 negotiable aspects that can lead to significant savings for tenants. These range from smaller items like monthly parking fees and rooftop-access rights to more substantial matters such as sublease rights and termination options. To maximize savings, tenants must negotiate all facets related to their company's circumstances. The following factors are crucial to the success of any transaction.

* Accuracy of space needs assessment. Is the assessment of your space needs accurate? For instance, are you sure that you need 30,000 square feet over the five-year term, or could your space be restacked more efficiently to utilize only 28,000 or even 25,000 feet? What about the potential for expansion or contraction over the lease term?

* Base-building conditions. Have you identified the deficiencies of base-building conditions when comparing alternatives? If the owner is not held responsible, what is the tenant's cost to upgrade mechanical, electrical, or fire/life safety systems? A seemingly fair comparison of two buildings with the same quoted rent is not truly comparable if one requires additional expense for base-building upgrades.

* Tenant improvements. How much of a tenant improvement allowance will you need to build out the space to fit your needs, accounting for all non-construction related costs? Knowing this is essential to accurately negotiating tenant improvement dollars. Is the tenant improvement allowance being offered based on usable or rentable square feet? If based on rentable square feet, you will have approximately 12-18% more funds at your disposal. If you are using project management services, you can also negotiate the building owner's project administration fees.

* Realistic occupancy date. When can you take occupancy? This estimate must account for all factors, including scheduling of design, permitting, construction, furniture delivery, technology installation and all other relevant vendors' work.

Hiring a tenant representative is your first smart step in handling your Austin office space leasing needs.

For more commercial real estate tips, see the Tips & Resources page of our website at or call us at 512.478.1711.

New partner named at Don Cox Company

2009-02-19T14:57:00.005-06:00

Chris Oddo has been named Partner at Don Cox Company.

Chris has over 20 years experience in commercial real estate. He exclusively represents tenants and buyers for office and industrial space in the Austin and surrounding areas.

To read more about Chris, visit our profile pages at: www.doncox.com

Subleases, subleases! Everywhere!

2009-01-26T13:27:00.012-06:00

The number of subleases that have popped up lately is amazing. As an exclusive tenant and buyer representation firm, we don't seek out listings. However, on occasion, we do help our former clients when they have a need to sublease their space.

We have a few of these listings right now. Below is a brief description of each one. Give us a ring (512.478.1711) or email us (info@doncox.com) if you are interested in learning a bit more about any of these or if you'd like help finding any office or industrial space in Austin. Remember, we work for YOU. For free. Can you beat that?

Ready now? Here goes. Click on the address for a link to the online flyer.

2700 S First Street: 1,388 SF of gorgeous space! Seriously, anyone would be proud to call this space their office. The architects that occupy this space are the ones who designed it. They built in three workstations, finished it out with high ceilings and a fire-proof room for plans. There is also a private office, an open area and a conference room. The lighting in this space was obviously well thought out. This is a must see for anyone wanting an office in 78704! Architects and creative types will really love this space.

4412 Spicewood Springs Rd: Very flexible NW sublease space - 4,027 SF available. This sublease consists of nine private offices, large open areas, an exterior entrance, tons of parking and even a short term option. The company leasing this space needs to share some of it till they have room to grow into it. Let this be a great opportunity for your company. BTW, there will be an additional 1,820 SF available in September of 2009.

7401 Hwy 71 West: Here is an office space for those looking for the southwest Austin area. This one is just past the Y in Oak Hill. There is a whole lot of parking here! They have two private offices and lots of open area. The term is flexible on this one too. 2,219 SF up to 14,000 SF available.

4005 Banister Lane: Want your own building? This is another sublease in south Austin. It's big (8,477 SF), it has shaded parking, and has two full floors. The building is fully wired, nicely finished out and still has some modular and private office furniture available. Each floor has it's own large break room, the parking is all nicely shaded and it is on the Capital Metro bus line.

9229 Waterford Street: This is a top level flex space in N Central Austin with 13,173 SF available. This space has abundant parking, nice high ceilings, two showers, phone system and even the furniture is available. Truly a plug-n-play sublease!

9715B Burnet Road: This is a 43,200 SF office & warehouse space in wonderful condition. It is well-lit, with 100% climate controlled space, large electrical infrustructure, a generator, 11 dock doors and a ramp. The office space is approximately 2,500 SF.

300 West Sixth: The downtown views from this space are incredible. The whole 20th floor is available (29,018 SF), but there is actually another floor available too. The buildout is law firm quality, this is a private office layout with so much natural light you don't even need to turn on lights in the interior spaces. Conference and break rooms can be added where you need them. There's a health club on the ground floor and easy in/out covered parking. Also, you'll find a cafe on the ground floor. One of Austin's award winning office buildings!

Let us know if you have a need for sublease or any office space in Austin. Check out our website at www.doncox.com.

First Entry

2008-08-13T14:18:00.005-05:00

First entry, wow..it's taken a while to get here. Afterall, we are in the business of representing tenants in the pursuit of office space, not building web pages. It's actually been a challenging, but great learning process. We've had the help of one of our clients (Apogee Search - www.apogeesearch.com) in learning some of the ins and outs of search engine optimization.

In future entries, my idea was to talk about all of our amazing and interesting clients. We have worked with so many different firms from startups coming out of incubators to large multi-national companies. Austin certainly attracts some of the most interesting firms. I love the idea of giving a shout out and hopefully making a few more people aware of them.

Stay tuned for more. In the interim, if you have office or industrial space needs, feel free to call (512.478.1711) or email us (info@doncox.com) and we'll get to work on finding you the best space for your needs.