Locating a commercial property to rent is a daunting task. Where do you look for the best office space? How do you get in touch with the landlord?
Without the help of a tenant rep, you’ll be overloaded with lots of questions. If you’re wondering if you should hire a commercial realtor, take a look at the information below to learn more about tenant reps and how they can help you.
What Are Tenant Reps?
A tenant rep is a commercial real estate agent. They represent the tenant instead of the landlord. Tenant reps search for vacant offices and negotiate with the landlord to get a good price for the buyer.
Plus, they earn commission for every property space that they close.
The Benefits of Hiring a Tenant Rep
Hiring a rep is smart because searching for commercial properties is no easy task. You’ll need someone who understands the market and can get you what you’re looking for. Here are some of the advantages of using a tenant rep:
Finding Unlisted Properties
Some commercial properties aren’t advertised online or in other publications. So without a tenant rep, you could miss out on the perfect space. Tenant reps have tons of resources and an exclusive list of properties.
They also have relationships with many landlords and leasing brokers. Commercial realtors can even learn about listings before they hit the market.
Return Phone Calls
If you’ve been trying to buy a commercial property on your own, you may have discovered that you don’t always get a return phone call. Understandably, landlords are busy people, and it’s difficult for them to return every call.
However, they are more likely to call a commercial realtor back over an individual person. This is especially true if your tenant rep has a relationship with that particular landlord.
Finding the Right Location
You don’t know every area that’s best designed for the type of business you’re opening. Although you might have a specific location in mind, it may not be the right area for your company. By allowing your commercial realtor to take the lead, they can guide you in the right direction.
Negotiating a Deal
Once you’ve found the property that you want, you must know how to wheel and deal. A landlord can give you a high price, but if you’re inexperienced, you won’t know any better. By allowing your tenant rep to do the negotiating for you, it’ll ensure that you get the best deal possible.
If you need to rent an office space, check out The Genau Group.
The Advantages of Tenant Reps
As you can see, tenant reps are a lifesaver to individuals looking to rent commercial properties. If you’re struggling to find the perfect office space, don’t hesitate to hire a commercial real estate agent.
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