In commercial real estate, landlords often have representation to assist with finding and managing tenants, but what about tenant representation? Looking for a commercial property on your own can be a difficult task, especially with little knowledge of the commercial real estate industry. Here are just a few reasons why tenant representation is so important when renting a commercial property.
It can be hard to get a landlord to answer the phone when looking for a commercial property on your own. This is typically because landlords are so busy that they don’t have time to return all calls that they receive, but this can get very frustrating for potential tenants. Tenant representatives have a stronger reputation in the field, giving them more priority when reaching out to landlords. Their professional connections and relationships make it easier for them to get in touch with landlords, some of which they may have already worked with in the past.
When you are looking for a commercial property on your own, it can be difficult to differentiate between the features you want and the ones you actually need. A tenant representative is there to help you narrow down exactly what it is you need from your commercial property. They will narrow down specific needs such as parking, location, and amenities. Is your company growing or downsizing? How many people will utilize the parking lot? Will clients be able to find your office easily? These are all questions that a tenant representative may ask to figure out exactly which commercial property is best for you.
One of the hardest parts of renting a commercial property is negotiating the lease agreement. Without proper research and knowledge, there is no way of knowing if the landlord is offering you reasonable rates and expenses. A tenant representative is an expert in the commercial real estate industry and is able to go over the lease with you in detail. This ensures that there are no hidden fees and expenses that you are overlooking. A tenant rep makes sure you are getting the best deal and knows how to confidently negotiate these deals with landlords.
It can take months or even years to find the perfect space for your business. When doing it on your own, this process can be very time consuming and take crucial time away from your actual business. Hiring a tenant representative takes the responsibility off of you and puts it onto the expert. Their job is to find the perfect commercial property for their clients so they can do the hard work for you while you focus on other important aspects of your business. With a tenant representative, you are able to choose and adjust your involvement in the real estate process.
Want to find an ideal location for your growing Maryland company? At Newspace Commercial, we fully represent the tenant looking to find the perfect commercial space.
Born from AJ Properties, an Anne Arundel County based commercial real estate firm, Newspace Commercial is designed to focus solely on Tenant Representation services, ensuring that you find your perfect business space, avoid mistakes, and negotiate the best deal. For more information, visit our website www.newspacecommercial.com.
To contact us, give us a call at (410)-218-1372!