Is There a Benefit to Using Commercial Tenant Representation?
Trying to find a space to lease can be really tough. Finding the perfect space to lease can be close to impossible. While you might think this is something that only you, as the business owner, can do, it could be worth asking yourself, “Is there a benefit to using commercial tenant representation?”
Make no mistake, the answer to that is an absolute YES! Tenant brokers will not only stand with you, they will stand for you during negotiations. Their endurance and expertise in the commercial real estate market will earn not only your respect but the landlords’ as well. There is no question–you want someone like that in your corner the next time you are looking for space to lease.
Think of it this way. Having a tenant broker is like having a negotiator, data analyst, market expert, and property manager all rolled into one -and working only for you.
If that isn’t enough to convince you, here are some more reasons:
Real Estate is Complicated
For the normal person, not involved in real estate on a day-to-day basis, commercial real estate is a complex industry and few people outside of industry professionals understand all the jargon and can navigate the intricacies involved, whether buying, leasing, or co-working.
To do what is best for your company, to find the perfect space, to evaluate your needs vs. wants, and to have someone to negotiate with your best interest in mind, hiring a tenant broker is essential.
Gives You the Gift of Time
Hiring a tenant broker gives you the gift of time. Time to focus on your business. Time to get things done. Time to direct your employees instead of spending all your time trying to learn the finer points of commercial real estate and -you can admit it here, to yourself -not doing a very good job of it.
Congratulations–you’re normal. You know your business inside and out and can do what needs to be done in half the time of anyone else and it suffers when your focus isn’t there. Let a tenant broker do the same for your business on the real estate end.
They know their business, too. They can use a needs assessment to determine if leasing or buying is better for your business. And, they know the market, the region, towns, and neighborhoods. Putting your trust in their knowledge, skills, and ability to negotiate will be one of the best things you do for yourself and your business in a long time.
Negotiate the Deal, Terms
Not only do landlords respect tenant brokers enough to actually return their phone calls, they respond differently in negotiations than if you went in alone. Tenant brokers know the lingo, the game and are rarely fooled, making it much easier for you to walk away from the negotiating table with a lease that you are happy with.
Get in Touch Today
Call us at Caton Commercial Real Estate today and let’s set a time to meet and discuss your needs. We are always looking out for the interests of our clients and love finding the right spaces for the right company.