Leasing Information
Leases are standardized at three
years. There is a flat rate for square footage for all
office space and just $1 more per square foot per year
for laboratory space. Each tenant pays an additional
19% for common costs (i.e., conference rooms, receptionist,
cafeteria, maintenance, etc.).
The following chart shows incremental
costs for space with rent at $10.86 per square foot
of office space and $11.86 per square foot of laboratory
space. Pricing subject to change without notice. Contact
MMIC for current lease and pricing information .
|
Office Space Leased (sq. ft.) |
Cost Per sq. ft. (Annually) |
Total |
19% Common Cost |
Annual Total |
Monthly Rent |
|
100 |
$ 10.86 |
$ 1,086.00 |
$ 206.34 |
$ 1,292.34 |
$ 107.70 |
|
300 |
$ 10.86 |
$ 3,258.00 |
$ 619.02 |
$ 3,877.02 |
$ 323.09 |
|
500 |
$ 10.86 |
$ 5,430.00 |
$ 1,031.70 |
$ 6,461.70 |
$ 538.48 |
|
1,000 |
$ 10.86 |
$ 10,860.00 |
$ 2,063.40 |
$ 12,923.40 |
$1,076.95 |
| |
|
|
|
|
|
|
Lab Space Leased (sq. ft.) |
Cost Per sq. ft. (Annually) |
Total |
19% Common Cost |
Annual Total |
Monthly Rent |
|
400 |
$ 11.86 |
$ 4,744.00 |
$ 901.36 |
$ 5,645.36 |
$ 470.45 |
|
600 |
$ 11.86 |
$ 7,116.00 |
$ 1,352.04 |
$ 8,468.04 |
$ 705.67 |
|
1,000 |
$ 11.86 |
$ 11,860.00 |
$ 2,253.40 |
$ 14,113.40 |
$ 1,176.12 |
|
1,200 |
$ 11.86 |
$ 14,232.00 |
$ 2,704.08 |
$ 16,936.08 |
$ 1,411.34 |
In addition,
MidMichigan Innovation Center tenants have access to the following resources as
part of your leasing agreement:
| Services |
Exceptions and Qualifications |
Tenant Total Cost Per Sq Ft |
| Receptionist / Security |
Included |
| MITECH+ Servers/Hardware/Software/Inc SQL |
Client Machines Tenant Responsibility |
Included |
| Internet/Email/Web (up to 40 email accounts) |
Included |
| File Server/Backups/Security/Remote Desktop |
Included |
| Exchange Server (Group Calendars, Web Mail) |
Included |
| Routers/Switches/Charter Interface |
Included |
| Heat, AC, Electrical Equipment |
No Charge Normal Usage (see NOTE A) |
Included |
| Janitorial and Refuse Removal |
No Charge Normal Usage (see NOTE B) |
Included |
| Existing desks and file cabinets in each office |
Included |
| Use of Conference Rooms on a First Come Basis |
Included |
| Use of AV Equipment on a First Come Basis |
Included |
| Vending, ATM on Site |
Service charge on ATM |
Included |
| Use of Lunchroom/Coffee Shop and Equipment |
Included |
| Snow Removal/Lawn Care/Landscaping |
Included |
| Use of Paved Employee Parking Lot |
Included |
| Wireless Networking |
Included |
| Available On-Site IT and Telephone Service |
Costs Are Responsibility of Tenant |
Available |
| MITECH+ Telephone or VOIP System with Voice Mail |
Handsets $200,$275 or $350/ea + Line cards, installation and/or
service charges are Tenant responsibility when connected to MMIC telephone,
voice mail, or VOIP system. |
Available |
| Available Interns and Grad Students (three universities) |
Costs Are Responsibility of Tenant |
Available |
| Color High Speed Printer, Copier, Fax |
Color = $0.15 B&W = $0.08 |
Available |
Based on X
Square feet @ $X per square foot, plus 19% common area and a 3% annual increase
NOTE A: If tenant uses utility services (gas, electric, water) at
a level that exceed normal office usage, the tenant is responsible for any
costs associated with installation of a meter and all utilities billed through
the meter.
NOTE
B: Through June 30, 2008, the landlord is absorbing the costs of all utilities.
As of July 1, 2008 through the end of the lease, sub lessee will be required to
pay a proportionate share of the utility costs on a monthly basis as identified
in the sublease.
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