Let us face it, your time is worth a lot to you. With all the things that you must get done in a day running around looking for a new location for your business or your investments it is a time suck. Why would a commercial broker be of benefit to you in helping you manage your time?
First, commercial brokers on the average have been in the business for 15+ years so they understand the market and what questions they need to ask to help you find the right property. So, 30 minutes of your time talking to a commercial broker could save you hours in narrowing your search for the right space. Questions such as how much square footage do you have now? Are you expanding or contracting? What type of office space do you need and how many offices? Do you need yard space or is a small lot okay? What about overhead doors are they grade level or dock high? How many? Size? By asking you the right questions and getting your priorities in what you want for a building allows the commercial broker to narrow the scope of the search so that they can focus on what your needs are rather than just a blanket search of the market.
Second, commercial brokers have a network of clients, builders, landlords and other commercial brokers who have listings that are not always published on the local MLS (Multiple Listing Service). This networking of commercial brokers gives the opportunity to find properties that may not be available to residential brokers. Many people search zillow, trulia, and other websites to find properties, but those are not always updated on a commercial real estate basis.
Third, because commercial brokers work the market daily, they have a better understanding of market prices, lease rates, willingness of owners to provide tenant improvements or repairs to the property. Some of this information is only available within this commercial broker network. This information can save you thousands of dollars in your purchase or lease of a property.
So, if you are thinking of looking for a commercial property and using a real estate broker consider these factors:
If the commercial broker is doing their job right this will save your time, energy and money so that you can concentrate on the things that make you great. Reach out to your local commercial realtor or if you are in the Casper, Wyoming area give Baker Real Estate a call today!