Why You Should Have A Commercial Real Estate Broker?

In addition to saving you money and helping you find the property that is the best fit for you, a commercial real estate broker will provide several benefits that you simply wouldn’t have otherwise.  Below is a list of some of the top benefits to having a commercial real estate broker in your corner before signing a lease.

They know the area and key people within it.  A commercial real estate broker not only knows the area extensively, but is usually “networked in” to have access to some of the best deals first. 

They will work for you – not the owner.  When you go through the owner or seller’s representative or agent, that person will make every attempt to steer you toward their employer’s property, since that is what they are paid to do and that is where their commission lies.  When you hire a commercial real estate broker, he or she will be focused on matching you with a property that best fits your needs.  

They can disclose information to you that other agents can't.  When you go through the seller's or owner's agent, that agent might be instructed not to disclose certain information such as prior transaction data.  

They can help you avoid a conflict of interest.  Although a listing agent might agree to show you properties other than the ones they have listed, they would have a strong ulterior motive for steering you away from those properties because they wouldn’t get as large of a commission.

They can make the entire process less stressful.  Finding the right commercial real estate property is a stressful situation, especially considering the amount of time it takes to locate and view the properties that are available.  When you hire a commercial real estate broker, he or she will not only have experience and an established network within the industry – your broker will also be looking out for your best interest.    

Why should i hire a commercial real estate broker when seeking to purchase or lease a property?

Atlanta’s Commercial Real Estate Market Is Still Among The Best In The Country

Besides being Georgia’s capital and the 9th most populous city in the United States, Atlanta is a commercial hub that is unparalleled by any other city in the country.  It is the home of the world’s busiest airport and more than 75 percent of the Fortune 1,000 companies, which means that the commercial real estate market within the city suffered less than most other cities in a down-turned economy and has bounced back faster.  In fact, within the last 10 years, Atlanta has continued to grow to such an extent that it has become the second fastest growing metropolitan area in the United States.   

In addition to this, Georgia has held a solid reputation of being a “pro-business” state.  Through incentive programs on both the local and state level, many Fortune 1,000 companies have moved their headquarters to Atlanta—companies such as The Coca-Cola Company, Home Depot, United Parcel Service, Delta Air Lines, AT&T Mobility, and Newell Rubbermaid, to name a few. Other companies have followed suit, such as Arby's, Chick-fil-A, Earthlink, Equifax, First Data, Foundation Financial Group, Gentiva Health Services, Georgia-Pacific, NCR, Oxford Industries, RaceTrac Petroleum, Southern Company, SunTrust Banks, Mirant, and Waffle House.

Because of the enormous commercial potential the city holds, the Atlanta commercial market contains approximately 1,051,675,654 square feet of office, industrial, and retail space, with approximately 14.17 percent vacancy.  Since the city is known as one that is extremely economical for conducting business, it was ranked 3rd by KPMG’s “Top Cities With Tax Structures Favorable to Business” (2008) and 4th in Forbes “Best Cities for Jobs in 2008.”

Although Atlanta’s commercial real estate market suffered with the rest of the country during the recent economic downturn, is has remained one of the top places in the nation to grow and run a business.  This is why business owners continue to flock to the city to develop and expand their businesses, and why job seekers continue to find an ample job market within the city compared to other parts of the country.