With real estate characteristically being a business’s second largest expense, companies can’t afford to overlook the benefits of professional tenant representation services when thousands of dollars are ultimately at stake. Locating spaces or property available that suit your company’s needs can be both a waste of your time and expensive.
Not only do tenant reps counsel you on the best strategies in order to keep you headed in the right direction, they will also save you large amounts of time by preparing property listings, scheduling and conducting property tours, submitting requests for proposals, and negotiating leases.
Tenant reps have a deep understanding of the current market situations and a large pool of resources to make use of. These experts utilize their contacts and different resources to locate and determine the best options that suit all of your real estate needs. Your tenant rep will handle all of the communication and contractual work between brokers and negotiate the most attractive lease arrangement for you based on current market situations.
Top Three Reasons to Hire a CRE Tenant Representative:
- Save Time: Do you have the time and expertise to deal with hundreds of brokers and landlords around the area, while also meeting your current job responsibilities?
- Gain Market Knowledge: Do you have the knowledge and understanding of the current market in order to determine lease rates and effectively handle contract negotiations?
- Choose Wisely: Do you have the time to research the market, locating potential sites for your business and calling on each location for additional information?
If you answered “No” to any of the above questions, it would be in your best interest to hire a tenant representative to help uncover economic opportunities, save time and money, and turn your new location into a strategic asset!