Office Tenant's Guide to Commercial Real Estate Tenant Representation

Unlike brokers that represent landlords and owners,extremely time consuming and can place a huge drain
Tenant Representation brokers specialize inon company time, money and resources. Not only do
representing the best interests of tenants and spacetenant brokers advise you on the best strategy so
users only on the lease and purchase of commercialyou don't head off in the wrong direction, they'll save
real estate.you huge amounts of time by preparing property listing
The value a business can gain from hiring a tenantreports, scheduling and conducting property tours,
representation broker to handle its corporate officesubmitting proposals, negotiating and reviewing leases
space, just as it would hire a CPA for financial and anand managing tenant improvement and relocation
attorney for legal matters, is so significant, it's essentialprojects. Outsource everything but the decision making
every business owner understands the benefits. Withto your tenant representation broker and benefit from
real estate typically being a business's second largestthe peace of mind that they will professionally manage
expense, companies can't afford to overlook thethe process and save you a huge amount of personal
benefits of professional tenant representation servicestime and money while you focus on running your
when thousands of dollars are ultimately at stake.business. Your exclusive tenant representation broker
Successful, savvy business owners either employ anwill of course also save you thousands of dollars in
in-house corporate real estate director to manage theiroccupancy costs by negotiating the maximum
property, or outsource their requirements to aconcessions on every transaction.
professional tenant representation advisor. Those thatProtect yourself from exposure to real estate risk.
don't are missing out - on potentially thousands ofThe office leasing and buying process is complicated
dollars in lost revenue and wasted money that couldand risky. Just as you would hire a CPA to manage
quickly and easily be converted into profit!your taxes and an attorney to represent you on legal
There are no savings to be had by not hiring a tenantmatters, the real estate process should only be
representation broker.managed by an experienced professional that
Every listing agreement compensates the landlord'sunderstands all the pitfalls and intricacies of the
broker with an industry standard fee, which thetransaction. We take risk out of the equation by
landlord's broker shares with the tenant's/buyer'sprofessionally and expertly managing the process
tenant representation broker if they have one. Thisdown to the smallest detail and advising you on the
incentivizes the landlord's broker to find a tenant thatmost risk-free strategy for achieving your objectives
isn't benefitting from their own tenant representationand protecting your business from unexpected real
broker, because the landlord's broker will receive theestate risk.
entire fee for negotiating against them! There is noBenefit from professional tenant representation to
discount to be had by not hiring your own tenantachieve the best results for your business.
representation broker so you should take advantageDue to the relatively inert nature of real estate,
of this service because the full commission WILL bemaximizing the operational efficiency of your office
paid on every listing whether you are represented orspace can be a challenge, especially if your business
not. Furthermore, tenant brokers' negotiating expertiseand your space needs are evolving. Opportunities for
and intimate knowledge of commercial real estate canbusinesses to grow and change are often hindered
easily save you an average of 30% in occupancydue to the restrictions placed upon them by their office
costs in today's market, several times greater than thespace. Don't let your office space hold you back! Find
full listing fee!a tenant representation broker with the expertise you
You can quickly and easily save thousands of dollarsneed when expanding, consolidating, or relocating
by hiring an expert commercial real estate negotiator.facilities, renewing or restructuring existing leases or
An experienced tenant representation broker'spurchasing a commercial property for your business.
negotiating expertise can typically reduce yourA tenant broker's role is is to provide you with the
occupancy costs by approximately 30%, several timescomprehensive data and impartial advice you need to
the total commission paid on a commercial leasemake the right corporate real estate decisions and, in
transaction! The office leasing and buying process isturn, provide the most economical, operationally
complicated and risky and should only be handled byeffective and risk free real estate solutions for your
an experienced professional. Just as you hire a CPAbusiness.
for financial and an attorney for legal matters, hiring anGet instant access to every available real estate listing
expert tenant representation negotiator to navigate theand opportunity.
complicated and risky commercial real estate processThe most important phase of the real estate process
is essential to achieve the maximum money and timeis identifying and qualifying suitable opportunities to
savings, protection and benefits for your business.lease or purchase. Without a tenant representation
Avoid conflicts of interest unlike a landlord's broker,broker it would be extremely time consuming and futile
your tenant representation broker is 100% committedto attempt to thoroughly survey your target market as,
and accountable to you only.unlike the residential market, the vast majority of
Just as a landlord's broker's obligation is to representcommercial office space listings are not available online.
their client's best interests, not that of a tenant's, yourFurthermore, searching for commercial space through
tenant representation broker's obligation is to representlandlord/listing broker is unlikely to give you exposure to
your best interests only. Hence, you expose yourselfevery available opportunity as they may only introduce
to a huge conflict of interest when you use one ortheir listings, and calling numerous brokers is extremely
several landlord brokers to "negotiate" for you on theirtime consuming. A landlord broker is encouraged to
own listings, and you are far less likely to receive thesteer tenants to their own listings as they receive
level of service you would from a tenantdouble the fee if they represent their client, the landlord,
representation broker who is committed andas well as the tenant. Tenant representation brokers
accountable to you only as their client. Unlike ahave no incentive whatsoever to steer you to
landlord's broker, your exclusive tenant representationparticular listings and are completely impartial as they
broker is 100% accountable and committed to youare representing you, the tenant, and are subject to
because they have a legal responsibility to representthe same listing fee structure regardless of the
your best interests, not those of a landlord.property.
Unlike brokers that represent landlords and owners,By hiring a tenant representation broker, you can be
tenant representation brokers avoid conflicts ofguaranteed exposure to every available listing
interest by specializing in exclusively representingopportunity and also receive impartial, objective advice
commercial tenants and space users. The best wayon the suitability of the space to your business needs.
to avoid a conflict of interest and ensure your broker isA good tenant broker will go to great lengths to assist
representing your best interests is to execute anclients in determining their specific real estate
agreement acknowledging their legal obligation andrequirements and locate and evaluate properties that
duty as your representative. By doing this, you canmeet their exact needs. Not only should they have
also expect a higher level of service, commitment andaccess to all the commercial real estate multiple listing
accountability as the broker knows he will ultimately beservices, but their in-depth knowledge of specific
rewarded for his efforts. Owners and landlordscommercial real estate submarkets will give you
exclusively engage their own brokers to guarantee theaccess to all off-market availabilities and pocket listings
best possible terms and you should too!to guarantee you access to every opportunity. They
Save hours of your valuable time and thousands inwill also prepare a comprehensive survey of every
company dollars by hiring a professional to managecommercial MLS database, leverage their intimate
the real estate process for you.knowledge of the marketplace to research every
When you're running a business, time is money, andsuitable off-market property and aggressively market
searching for space and negotiating office leaseyour requirement to every owner and listing broker.
transactions often takes longer than expected! TheThis creates powerful negotiating leverage as multiple
commercial office leasing and buying process islandlords compete for your business!