Finding the right commercial real estate broker can make or break your property buying, selling or leasing commercial space. Utilizing broker services can help alleviate stress and make the process much smoother for you. The CRE industry is full of companies and agents, so how do you choose the right one? Here are a few things to look for when searching for a CRE broker, and some tips on how to find the right one.
Are They Responsive & Accessible?
This one might sound obvious, but you want someone who you get in touch with! Someone who is hard to get a hold of or wont answer calls only causes you headaches and wastes time. You will be working with this person very closely for many months. Find someone who makes you a priority and is easy to get along with!
Are They Connected to Substantial Resources?
Having access to listings and being connected to the local market is vital. Your agent should not only be connected to resources online such as LoopNet, CoStar and an MLS, but they should be connected to local resources as well. Sometimes the right listing might be found through word of mouth or a business connection. They should understand the history of the area you are searching in as well as the current market conditions and even future changes.
Additionally, your broker should have the knowledge and expertise to be able to filter through the many listings you come across. They should be able to look through the listings and find prospects that best match your needs. Otherwise, visiting properties that aren’t a good fit is just a waste of time.
Are They Involved in the Industry?
Often in the commercial real estate industry, it’s about who you know. You want your broker to be well connected and involved in the industry, so that they have even more resources available to you. Knowing other brokers or key personnel in the industry can help in finding the best properties that have yet to come on the market.
Additionally, you want someone who has connections to other professionals in the industry such as attorneys, property managers, architects, inspectors, surveyors, contractors, investors, etc. Having a connection and knowing someone on a more personal basis will come in handy.
Can They Properly Represent You?
Lastly, you want your broker to be able to handle the competition and go to bat for you. Negotiation skills are a must in this industry. Having someone who has the right resources to represent you can make or break your experience.
How to Find A CRE Broker?
There are a few different ways you can search for a commercial real estate broker. The best way to find one is through referrals. That way you know they are reliable and trustworthy. You can also search sites such as LoopNet, CoStar or even Google.
Although, if you are on the hunt for a commercial real estate broker, look no further! Our brokers are highly experienced and ready to help you buy, sell or lease your commercial property. They come equipped with local knowledge and over 30 years of expertise. Give us a call today to get in contact with one of our brokers.