Archive for the ‘General’ Category
San Francisco Space Needs – coffee shop requires Retail space in San Francisco, CA – Rofo.com
coffee shop requires Retail space in San Francisco, CA
City San Francisco, CA Space Size 1 to 1,000 sqft. Space Type Retail
Preferred Move Date 1 February 2010 Company Type coffee shop Other Requirements store front Need posted 01/08/2010
West Covina Space Needs – Restaurant requires Retail space in West Covina, CA – Rofo.com
Restaurant requires Retail space in West Covina, CA
City West Covina, CA Space Size 650 to 1,000 sqft. Space Type Preferred Move Date 1 February 2010 Company Type Restaurant Other Requirements car park, traffic, demographics Need posted 01/08/2010
Costa Mesa Space Needs – food processing requires Industrial space in Costa Mesa, CA – Rofo.com
food processing requires Industrial space in Costa Mesa, CA
City Costa Mesa, CA Space Size 15,000 to 20,000 sqft. Space Type Industrial
Preferred Move Date 1 February 2010 Company Type food processing Other Requirements gas, electricity, and water Need posted 01/09/2010
San Francisco Space Needs – personal care requires Retail space in San Francisco, CA – Rofo.com
personal care requires Retail space in San Francisco, CA
City San Francisco, CA Space Size 0 to 1,500 sqft. Space Type Preferred Move Date 1 April 2010 Company Type personal care Other Requirements public transport Need posted 01/09/2010
San Jose Space Needs – spa/skin care requires Retail space in San Jose, CA – Rofo.com
spa/skin care requires Retail space in San Jose, CA
City San Jose, CA Space Size 1,300 to 900 sqft. Space Type Preferred Move Date 1 June 2010 Company Type spa/skin care Other Requirements parking, treatment rooms, sinks Need posted 01/09/2010
Temecula Space Needs – light manufacturing requires Industrial space in Temecula, CA – Rofo.com
light manufacturing requires Industrial space in Temecula, CA
City Temecula, CA Space Size 10,000 to 12,000 sqft. Space Type Preferred Move Date 1 March 2010 Company Type light manufacturing Other Requirements outside area Need posted 01/09/2010
Suite 5511 – Beautiful newly built-out small office. – 185 Berry St – San Francisco Office Space And Commercial Real Estate Listings
Advice on Finding a Retail Space for Your Business
Posted by Catarina 09.16.2008 10:13 AMI am one of the former co-owners of Flicka Boutique on Fillmore Street in San Francisco. We opened our boutique in 2004 and at the time it was quite difficult to find a space. We decided to use a few different brokers to make sure that we saw all the available properties in our target neighborhoods and once we determined the one neighborhood we were interested in, we worked exclusively with one broker.
In retrospect I would have done more research to make sure he was really the best one in that area. We discovered later that there was another broker who really “owned” the street and it would have been much more beneficial for us to have worked with her from the start. Our broker really had to “pound the pavement” to try and find spaces for us because he didn’t have the relationships with the landlords to know the “inside scoop”. We ended up finding our space through a friend, but we would have found it sooner had we worked with the more knowledgeable broker.
Once we honed in on a space, we thought it would be relatively easy to secure the lease, but that was not the case. The landlord refused to meet with us, which made it very hard to sell our concept and convince her that we were the right tenants. Luckily we had a pretty detailed presentation that we presented to the landlord’s broker and in the end she chose us because she liked our idea. Unfortunately we had to wait almost 3 months for her decision, which was definitely very nerve racking since we didn’t have any other options. I would recommend finding more than one space that will work for you because you never know if the landlord will choose you.
I don’t remember there being any major issues with the lease, but we did have a great lawyer who helped us read through all the details. We signed a 5 year lease with an option to renew, which I still believe are the right terms. Unfortunately landlords have a lot of power in San Francisco and in general the leases are more favorable to them. You don’t have a lot of negotiating power when you really want the space and you are competing against other people.
Once we got into the space, we did not use an architect, but hired a great contractor that did many of the stores on our street. He came in under budget and on time, which is quite a feat! I do recommend that you should speak to at least 3 referrals for anyone you hire and when working with a contractor, you should definitely stay on top of all the expenses on a weekly basis.
One last piece of advice is to try not to pay “key money” or additional cash to buy your way into a lease. Key money isn’t always a factor in negotations, but it comes into play during a hot market. There are enough up front expenses to pay: security deposit, remodeling, purchasing inventory etc. that paying key money makes it that much harder to start making money. Lastly, try to stay calm through the whole process because unfortunately you can’t always control the outcome. Determine what you can do: 1) hire the best broker 2) put together a compelling presentation and 3) manage your start-up expenses and then wish for a bit of good luck!
Plenty of office space for Silicon Valley entrepreneurs
Image by Revolweb via Flickr
If your dream is to house your company in a snazzy office–and you have the wherewithal–then you’re in luck. The commercial real estate market is imploding and likely to keep on doing so much of this year. What that means is landlords are ready to negotiate–heavily.
The epicenter of this trend may be Silicon Valley. It’s experiencing the biggest office glut since, well, the last bust. There was more than 43 million square feet of vacant space as of the third quarter, according to Bloomberg. Commercial property foreclosures are expected to double. Approximately 21% of Class A space is going empty.
Since 2007, developers built more than 4 million square feet of speculative office projects. They figured a horde of young companies would want to move from their initial research and development space into bigger digs. That didn’t happen. There’s one office complex, Moffett Towers in Sunnyvale, that has leased only one of its six buildings. And it’s only partially rented space in that location.
But this could also be one of the silver linings of the downturn. What’s bad for landlords tends to be good for tenants. And landlords are getting squeezed by renters asking for discounts of 10% or more.
So, if you want office space, it’s time to pounce. Understand that published rates are complete and total fiction. Ask for all the extras you want–free rent, free renovations, leases of as long or short a duration as you desire, a guarantee that you can keep your rent at the current cheap level for many years. And, if you want to renegotiate your current lease, do that.
Go for it .
Good article for entrepreneurs in Silicon Valley. Will be a renters market for the next couple of years.
Seattle, WA office and warehouse space for rent
Seattle, WA Office / R&D Space Listings
Direct LeaseSeafirst Plaza – Suite 4100Seafirst Fifth Avenue Plaza, 800 Fifth Avenue, Seattle, 98104150 sqft$567 FS
