To many, adding a tenant representative into the commercial real estate leasing process may seem to make a complex situation, well…more complicated. Tenant brokers are here to save your company time and money all while helping you transition into your new property. The next three posts are based on the article, “Why Use a Tenant Representative?”
Begin by asking yourself these five questions:
1. Do you have the time, expertise, and patience to look for an available commercial space in your area?
2. Do you know the current market, including available options, possible subleases with furniture, rental rates, and market changes?
3. Can you negotiate the needed tenant improvements with the landlord and listing agent?
4. Do you know how real estate can improve your company’s market position?
5. Lastly, did you know the negotiated rental rate on a space generally includes tenant broker’s fees, including renewal rates?
If you answered NO to any of these questions, then you need a tenant representative.
By engaging a tenant representative, you will gain an experienced professional who wants to help you negotiate complex lease agreements that will save you, and your company, time and money.
Be on the lookout for the next two posts!
Part Two: Working for You
Part Three: Tenant Representative = Money Saved