In today’s real estate market, it’s important to have an expert in your corner— no matter what side of the real estate transaction you’re on. Commercial real estate differs greatly from residential real estate and if you’re not familiar with the types of commercial leases, the terminology used, or even how to go about finding the best space for your business, the process can quickly start to overwhelm.
If you’re a tenant, there are several reasons to work with a tenant representation expert, including the following:
They have area market knowledge
When you work with a tenant representation expert, you can count on their guidance surrounding the buildings that might work best for you, keeping in mind what you can pay and what you should pay. A tenant rep expert will be able to tell you which properties to stay away from, which would be ideal, and whether or not proposed lease terms would be in your best interests.
They have property access
There are dozens of perks of working with a tenant representation expert and one of them is their access to commercial properties. With a wide network of resources in the area, we can help you find the best commercial property for your needs, even those that aren’t easily found via a web search. In fact, a tenant rep may even know of properties that aren’t listed in the MLS! Oftentimes, landlords do not want to publish that a space is available—especially if a current tenant is month-to-month and they could risk losing that tenant—but they would be open to entertaining offers.
They will help you negotiate
One of the most important aspects of navigating a commercial real estate lease is negotiating. And if negotiations are not your strong suit, there is no need to worry! Having tenant representation means you have someone on your team to manage the process every step of the way and make sure you are coming out with a potential deal that will ultimately work for you.
They work for you
When you work a specialist in tenant representation, one thing you can count on is that there is no conflict of interest. Your tenant rep does not work for the landlord, they work for you. Their goal is to find you the best property within your budget and negotiate until they reach commercial lease terms that you feel comfortable with. As you may have guessed, when you work with the landlord’s rep, they will prioritize his needs above yours.
As you begin to search for potential commercial properties for your business, do not hesitate to enlist the help of one of our experienced and knowledgable Northern Edge Commercial agents. We look forward to hearing from you!