PropertyJul 29, 2026, 05:27 PM
Nexalin Technology Extends Office Lease, Adds Space
AI Summary
Nexalin Technology, Inc. entered into a Third Amendment to its Office Lease for its Houston headquarters. The amendment extends the lease term for 65 months starting March 1, 2026, and adds approximately 904 rentable square feet, increasing the total space to 4,527 square feet. Monthly base rent for the combined premises will range from approximately $5,470 to $6,413, with a five-month rent abatement following the expansion space delivery. The company also retains an option to extend the lease for an additional five years.
Key Highlights
- Nexalin Technology extended its office lease for 65 months, commencing March 1, 2026.
- The company added approximately 904 rentable square feet, bringing total space to 4,527 sq ft.
- Initial monthly base rent is approximately $5,435 for existing premises.
- Combined premises rent will range from approximately $5,470 to $6,413 per month, subject to annual increases.
- Nexalin Technology will receive a five-month base rent abatement after expansion space delivery.
- The company has one option to extend the lease for an additional five-year period at market rate.
Price Impact
More from NXL