Here are good reasons why a tenant broker will help you get the best possible deal on your Tucson commercial real estate lease or purchase.
A tenant broker, also known as a tenant representative, helps prospective tenants or buyers locate suitable commercial property. Tenant brokers can provide you with
- sound analysis of real estate market conditions
- inform you about space availability
- negotiate lease terms with a landlord.
Working with a tenant broker such as Commercial Real Estate Group of Tucson lets a landlord know you’re seriously looking at multiple leasing opportunities. This may make a landlord more competitive and willing to negotiate favorable lease terms.
Tenant Brokers vs. Lease Agents
Landlords also hire brokers — called “leasing agents” — to fill vacant space in their buildings, but these agents work for the landlord, not for you. They earn a commission from the landlord or building owner each time they get a tenant to sign a lease and occupy space.
Although a building owner also pays a tenant broker’s fee, tenant brokers don’t work as exclusive leasing agents for one property or one landlord. When you hire a tenant broker, that person works for you.
Choosing a Good Tenant Representative
You should expect tenant brokers to give you objective advice since their commissions aren’t directly tied to a particular property.
The best way to find a good tenant broker is to ask the right people. Get referrals from your peers or business associates. Ask real estate brokers about their experiences.
Look for a broker who has a history of helping clients find properties, experience negotiating lease terms and a proven track record of protecting tenants.