When businesses begin their journey, one of the most important things they will consider is where they will set up shop. It’s a process that includes several things to consider , such as employee growth projections, leasing opportunities, and the state of the real estate market. Hiring a commercial real estate broker means you can feel confident in finding the right location for your business and needs.
Here are five key reasons why you should hire a commercial real estate broker.
Knowledge of the Real Estate Market
Commercial real estate brokers have an in-depth knowledge of the market. This helps them hone in on properties that will enhance your operations. For example, if you’re looking for a location that provides exposure and space to grow, a broker will be able to pinpoint locations within their portfolio that meet your criteria.
Real Estate Brokers Can Save You Time and Money
A commercial real estate broker’s goal is to make this process as smooth as possible. As a business owner, you probably don’t have the time to research properties and schedule appointments. They can alleviate that stress by pre-screening listings, calling listing agents, scheduling tours, managing offers, and other activities that would distract you from your business.
Commercial brokers also save tenants a significant amount of money. Typically, they are paid on commission and will not charge you a fee. They are able to find properties at better prices and negotiate on your behalf. They will have learned to negotiate to ensure you get the best deal possible.
Accessibility to Real Estate Listings
There are several different listing platforms available, but not every listing is available to the general public. Hiring a commercial broker lets you not only tap into their knowledge but also access additional resources. Listing services allow the broker to view more options that meet tenant requirements.
Real Estate Networking
Commercial real estate brokers develop networks and relationships with one another. These relationships are beneficial for prospective tenants. For instance, do you have a question about a space you heard might be available soon? Your real estate broker can contact that property and find out the details.
Not only can these relationships provide more insight, but they also help during the negotiation process. Due to your association with your particular broker, the property owner might give you a better deal than what you bargained for.
They Have Your Best Interests In Mind
It’s always good to have somebody on your side. Commercial real estate brokers work with you to make sure you are getting the most out of a property. They provide you with key information that you might not have known, such as the seller’s motivation, previous lease data, property history, and anything else they feel may be important for you to know.
Contact Plaza Companies Today
As one of Arizona’s top real estate agencies, we are committed to providing tenants with office spaces that fit their needs. Finding the right location for your business doesn’t have to be a daunting task with Plaza Companies by your side. Contact us today so we can get you started on your search today!