Today's Tenant Rep Tuesday Tip topic: 4 Quick Tenant Rep Tips for Hiring a Tenant Representative, or Commercial Real Estate Broker
As a tenant, with office or industrial space, when you hire a tenant representative, you want to be assured that they will handle your company & business’ best interests.
Here are the Top 4 Components to consider when hiring a Tenant Rep Broker:
1. MARKET KNOWLEDGE
A tenant rep broker is always up to date on real estate market trends and incentives and will know where to find the best deals for you and your company.
2. FINANCIAL KNOWLEDGE
A tenant rep broker has the financial expertise to analyze the cost-effectiveness of one property or office space over another.
3. NEGOTIATION
A tenant rep broker negotiates on your behalf for the best deal for your business.
4. DOCUMENTATION
Tenant rep brokers have the training to cut through the legalese and help you fully understand what is going on in each step and stage of the leasing process.
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