Re: [Coworking] Re: longest lease for coworking place?

Yes. I don't remember the exact percentage increase, but it's a small percentage increase each renewal from our current rent. Given the way Austin is growing, that felt the safest route to protect against rising rents in the future! I also have an additional 5 year renewal option, but with no

Re: [Coworking] Re: longest lease for coworking place?

Wow, sounds like a great deal. In LA, typically a renewal option rate is set to 5% below the new market rate. Did you lock in based on your current rate? JEROME CHANG <> talk to us: (323) 330-9505 <> chat w/ us:  <>http://www.BLANKSPACES.com/chat WEST: Santa

[Coworking] Re: longest lease for coworking place?

We opted for a middle-ground lease: 5 year initial lease, with (2) 5 year renewal options with fixed/pre-negotiated rent increases for each. So, a total of 15 years that I know what our rent would be in the space where we are. It gave our landlord some assurance that we're in it for a

[Coworking] Re: longest lease for coworking place?

Rik, What do you get with a 99 year lease that a shorter lease wouldn't do as well, other than number of years? What options if any do you have for an out, other than the nonprofit entity closing down? Is the lease a token dollar amount like $100 per month, did you bid for it along with other

[Coworking] Re: longest lease for coworking place?

I have a 10 year lease at Bandwidth and that was purely because our construction was so expensive and the space so specific that the only way we could make the math work was to pull it out over the course of 10 years. I feel the same way about not really ever wanting to do anything else but

[Coworking] Re: longest lease for coworking place?

Alex, One thing I've thought about with my own building is getting the community - a combination of members and neighbors - to buy the building. I know that equity crowdsourcing is legal now. Anyone with experience with this? > Liz Trice PelotonLabs Portland,