The internet provides a plethora of information and sources on virtually every subject. While this information is good to empower you with more knowledge and awareness, it may not be a substitute for professional guidance in most areas.
Decisions concerning Commercial or Business real estate can be quite complex and overwhelming if you are not well-versed with it.
From industry jargon market intricacies or details, a lot goes on in this industry. Unless you are actively involved with real estate, it’d be hard for you to know all the ins and outs of a real estate deal.
That’s why we recommend hiring a tenant representation broker to help you find the perfect place. A tenant rep gives your business the best chance of getting the right location with the best lease terms possible.
Here are a few more important benefits of hiring a tenant rep:
Providing you access to property information.
Looking through listing websites is not as easy as it looks mostly because the information is not always up-to-date. It can take you hours to browse through all the listings and you may not be getting the full accurate picture.
That’s where a tenant rep can help you with their vast resources and offer you a customized list of properties on the market. Many have access to an expensive comprehensive database of properties and they know who to contact to verify the data efficiently They patiently go through all the information to try to leave no stone unturned.
Their professional relationships with both landlords and leasing brokers allow them to stay up-to-date with what’s available at any particular moment.
They can be the one source to connect with the other agents, brokers, and landlords in the market place on your behalf.
They can assist you in leveraging current accurate market knowledge to assist you in obtaining optimal terms based on market conditions. In other words, a tenant rep can help you get incredibly attractive deals that you may never get otherwise.
Helping you define what you really need
Before browsing your way through listings, it is essential to assess your needs in order to start the site selection process. What we mean is to make sure your vision lines up with your requirements.
A tenant rep begins this process by asking you the necessary questions and conducting a preliminary evaluation to help you outline your needs assessment for your office layout. With market information they can provide some guidance on budget, and guidance on terms of a transaction to ensure a fair and reasonable price.
Making the entire process hassle-free
They say time is money. One of the biggest advantages if hiring a tenant rep is they minimize the stress and workload that comes with a real estate transaction. This allows you to keep your focus on the bigger picture – your business goals.
Ask yourself, are you willing to spend days or even weeks on:
- Educating yourself about the commercial real estate industry
- Finding and picking the perfect space from the gazillion listings on the market and how many office leases are you familiar with?
Accomplishing all this on your own can be quite time-consuming and overwhelming. Why not hire an experienced and trustworthy tenant rep to take care of this complex process for you.