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.
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