- July 5, 2018
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If you are looking to lease commercial real estate, there are a whole lot of factors you will want to consider. Among the larger of those will be whether or not to work with a commercial real estate agent to assist you in your search. For many tenants, the short answer here will be no, but you may not have considered all of the important benefits that working with an Advisor can offer you. In fact, in many ways, there are actually no good reasons why you shouldn’t work with one. Let’s take a closer look at some of the benefits you can expect.
It Will Save You Time
The search for a commercial real estate property to lease can be an arduous and time-consuming process. In fact, from start to finish, you can expect the entire ordeal to take up to six months. Depending on your current lease stipulations and your personal goals, waiting this long could have disastrous effects on your business. A skilled commercial real estate Advisor understands that time is money, and they want to save you both. Working with an Advisor who is familiar with the ins and outs of your particular market will expedite the leasing process. For one thing, they know where to look to find the space that will work best for your business needs! You can’t lease a property that you haven’t found, so access to their database is a huge time-saver.
It Will Save You Money
I understand that this may sound counterintuitive off the bat, but that’s where many people go wrong. Working with a commercial real estate Advisor is typically done with no cost to you, the lessee. In the majority of cases, a leasing agent’s fee is covered by the landlord. Even if your lease is organized in a way that it appears you are paying their fee, the money that they will have saved you through the negotiation process will more than cover the cost. In other words, the value of the service far exceeds the cost of it.
They Will Go to Bat for You
Speaking of negotiations brings us to our next point. A commercial real estate Advisor is there to work on your behalf. They are representing you and you alone and working diligently to ensure that the provisions of the lease are in your best interest. Remember that your landlord has somebody representing him/her to protect them from the same thing, so it only makes sense that you should have it too. A one-sided lease can cause big problems for you down the line, particularly if you aren’t clear on what exactly is being outlined in it. You may end up with unexpected costs and responsibilities that you weren’t even aware of.
They Understand Your Specialized Needs
When you are looking to find the right commercial real estate Advisor, it’s important that you find somebody that you can trust and who understands your needs. Commercial real estate is a big, broad term that encompasses a whole bunch of smaller, niche markets. For example, if you are searching specifically for a medical office space, you wouldn’t want to work with a specialist in the multifamily market because they won’t necessarily understand what it is that your business needs to thrive. A specialist within the medical office space sector, however, will know the best locations for your practice, what requirements you will have from the space, who your target market is, and how they can most easily access you. They will have a deeper understanding of the nuances of your particular sector that will help to guarantee you find the best space available for your needs.
They Have Access to a Network
It’s very rare that you will find a commercial real estate property that meets the exact specifications your company will require. For that reason, you will likely need to hire designers, contractors, et cetera to help you get the space up to snuff. Rather than blindly reaching out, your commercial real estate Agent will be able to offer you access to his/her reliable network of trusted people. This will help to alleviate a lot of the stress that comes along with leasing a new property!
Searching for Commercial Real Estate in Baton Rouge or the Surrounding Area?
As you can now see, working with a professional commercial real estate Advisor can mean the difference between a successful transaction and a whole bunch of missed opportunities. You cannot, however, just work with anybody. You’ll want to work with the best, and that’s where SVN | Graham, Langlois, & Legendre, LLC comes in. Whatever your niche, our team of dedicated specialists is eager to help you find the right space for your needs. Take a look through some of our available commercial properties today, and contact one of our team members to begin your search!