RENTAL RATES

Rates: The base rental rate for all our studios is close to $1 per square foot per month. Prices increase slightly in each tier. Rates also depend on the square footage of each studio and their tier placement. Below you can reference what characteristics define each tier and their rate per year. Our current utility rates are ~$3.76/yr per square foot, which apply to all studios regardless of tier.

To estimate monthly charges, divide the respective yearly rate in each tier by 12, then multiply by your square footage preference.

Ex: Base Rent for a Tier 1 studio = ($8.36/12) x 300 sq ft = $209/month

Utilities Rate = ($3.76/12) x 300 sq ft = $94/month

Total Estimated Monthly Charges = $303/month

Mainframe makes room for creative production to grow.

  • All of Lower Level. Standard studios with 10’ high walls, usually no windows.

    2024 Rate: $8.36/SF per year

  • Floor-to-ceiling walls and/or windows on one wall.

    2024 Rate: $10.75/SF per year

  • Floor-to-ceiling walls AND extensive windows on two sets of walls.

    2024 Rate: $13.13/SF per year

Application Review Timeline

Applications are reviewed on the 25th of every month by a panel of diverse artists. This panel reviews each application based on a grading scale and by the current and upcoming vacancies in the building.

Rent and Deposit Payment

Standard leases are 12 months, with an automatic renewal of month-to-month after the initial term. The security deposit is required before or on the start date of the lease, and full month’s rent is required on the lease start date. Rent is due on the first of each month by electronic transfer funds. A late fee of 10% of full rent is applied to the account on the sixth of each month after a five day grace period. Checks are only accepted for payments totaling 12 months worth of total monthly charges.

Basic Utilities ("Additional Rent")

Basic Utilities ("Additional Rent") is estimated to add ~$3.76 per square foot per year to each studio. This will be added to monthly rental costs. Additional Rent shall be defined as building-wide electric, gas, water/sewer, basic internet, and minimal liability insurance. At the end of each year, if this amount is more (or less) than actual costs, tenants will be charged (or credited) the difference in the following year.

If Tenant has extraordinary utility demand for use of any appliance that increases total power consumption beyond that which is usual and customary (e.g. kilns, 220 voltage outlets), Tenant shall either submeter such utility at its own expense or shall be assessed an additional charge. Tenants will be able to upgrade internet speeds at their cost.

Custom Build-Out Needs

Tenants requiring specialty build-out (e.g. interior walls, additional ventilation, additional outlets, additional lights, higher voltage, etc.) will be responsible for the installation costs of these added features. Contractor must be approved by Mainframe Studios and can provide estimates upon request.

Insurance

A building-wide liability policy will be established by Mainframe Studios and each Tenant will be charged an annual fee to ensure tenant liability insurance is in place (this is included in the basic utility cost referenced above). Tenant may purchase personal property insurance at its own expense. Tenant shall indemnify and hold Mainframe Studios harmless from any liability.

Annual Adjustments

Base rent shall increase by the greater of Consumer Price Index or 3% each year on January 1.