When choosing a commercial real estate broker, it is important to make a few key considerations that could be critical to your success. Being honest with your own needs, using referrals or the internet, finding an experienced broker, and interviewing them prior to making a selection could all make or break your leasing experience.
Be Honest With Your Own Needs
Commercial buildings come in a variety of shapes and sizes, prices, and locations. So when you interview your potential broker they should ask what your must-haves over what the non-necessities are. Consider your own needs and make a plan to identify the details to give to your real estate broker.
Making the right connection with your broker can make the journey a whole lot easier in the long run. When choosing the right broker you will want to examine their skill level, customer service, and professionalism.
Use the Internet Or More Personal Referrals
Utilizing the internet to search for a potential broker is wise only if you do your research. Picking the first one that is close to you may not be your best bet. When researching a broker check out their reviews on Google or Yelp. This can give you a better understanding of how their peers view them and their work. Reviewing their blogs or news events is another way to get a deeper look into what they specialize in.
Before contacting a potential broker, you may want to reach out to your personal network for a referral. Using a broker that someone you know has worked with in the past is a great way to ensure a personal connection.
Questions for Brokers and Agents
It’s a good idea to put together a series of questions for your broker interview. Here are a few to consider:
- How long have you been selling and leasing commercial real estate?
- What do you specialize in?
- How many transactions have you completed in your career? Can you provide a list for the past 3 years with a map showing their locations?
- How long do the brokers think it will take to sell or lease?
- Can you share the challenges you have overcome completing these transactions and how you accomplished them in each case?
- What Escrow Company and agent do you normally use? Do you mind if I call them for a reference?
Choose an Experienced Broker
Researching the best commercial real estate space for your business can be easy with the right broker on your side. Consider Plaza Companies when in need of leasing your next medical office, commercial office, ancillary retail, or biotech space. We are a full-service Brokerage Services Division with over 30 years of relationship building and in-depth market knowledge and experience.
When you are in need of finding a commercial space, find a broker you can trust with Plaza Companies. We will start helping you find a property that is a great fit for you today!
For assistance, call Plaza Companies at 623.972.1184 or email info@plazaco.com