How does TenantBase work?

TenantBase reverses the traditional commercial real estate model. Instead of spending weeks searching listings and contacting landlords, tenants share their requirements — location, size, budget, and timing — and TenantBase matches them with qualified local tenant-rep brokers and relevant market options.

What does a tenant-rep broker actually do?

Tenant-rep brokers provide market expertise, advocate exclusively for tenant interests, and manage the leasing process from start to finish — space selection, negotiations, and concessions — helping reduce risk and improve outcomes at no direct cost to the tenant in most U.S. markets.

What's the difference between a gross lease and a net lease?

In a gross lease, one all-in rent payment covers most building expenses. In a net lease, tenants pay base rent plus some combination of property taxes, insurance, and CAM charges on top. Those pass-throughs can add 30–100% above the face rate, so understanding the structure before you tour is critical.

Who are the Partner Broker Highlights?

Partner Broker Highlights feature trusted tenant-rep brokers in TenantBase's network — their background, market expertise, and approach to representing tenants. It's designed to help businesses find and vet the right local advisor before starting a search.

How does TenantBase help me find the right space for my business?

TenantBase combines technology with local tenant advisors to match searches based on headcount, growth plans, budget, and timing — streamlining discovery and helping teams lease space that fits their operational and financial goals.

Nashville

Continued Growth Means Nashville Commercial Office Space is Staying Tight

Mike

July 14, 2015

Nashville is one of the most unique cities in the United States. We are seeing an astronomical growth in pace for the city’s population and we’re having trouble constructing enough inventory to maintain this influx.

If you take a look at the numbers, you will see the clear shortage of inventory. In 2014, 95.5 percent on the city’s inventory was occupied, so there isn’t much breathing room for the amount of people flocking this direction. We are growing exponentially at 50,000 new residents each year and only 8,558 units were under construction on December 31, 2014. Needless to say the market’s growth is putting a constraint on options available.

Commercial office property has comparable data. This is not surprising considering everyone that is moving here is going to have to work somewhere. We are seeing this impact commercial office space searches and the methods tenant’s are using to find office space. As the market becomes tighter survey data shows businesses are searching anywhere they can (real estate listing sites, craigslist, broker websites, driving the market etc.) to try and find an office space, even when working in a relationship with a broker. This is no surprise, as the activity often can provide peace of mind to the business that they are more informed and have truly seen everything in the market. However, receiving guidance from an Advisor or Broker that is working to support your business interests is increasingly valuable. Businesses may be able to find some spaces on their own, but for a comprehensive market search and proper lease negotiation you should leverage a real estate brokerage to help.

Given the market conditions are so restricted, it is wise to consider looking for your space sooner rather than later. If you are coming up on a lease renewal or potentially need to relocate, you should start evaluating options as early as 3 - 6 months in advance of your lease expiration.

As you start your search look to online resources such as this - Nashville office space, but also make sure you are receiving service from a real estate advisor looking out for your best interests.