I’m leasing a space for a new business; where do I start?

The first thing you need to do is to determine your needs: How much space do we need? How much rent can we afford to pay? How important is location? When does my new space need to be ready? Have … Continue reading

I’m thinking about moving my office; where do I start?

The first thing you need to do is to decide if moving is right for you: Exactly why are we moving? How will this move benefit the company and its future? What are the drawbacks of moving? Can we afford … Continue reading

When would I want to find space on my own?

The best circumstance to find a space without retaining the services of a tenant rep broker is when you are looking for a small space and/or short-term lease. Generally speaking, since the total lease consideration is small, the commission that … Continue reading

Do I need to broker to help me find space?

Perhaps….. What you need a broker for is their expertise surrounding the leasing process. A good broker is much more than just a space finder; you should view them as you would your attorney or accountant. You want their advice … Continue reading

Are all properties listed?

No. In some cases, an owner will lease the property directly. Sometimes, the owner will employ an in-house leasing agent. Typically, these are called open listings, where the owner will pay a full commission to any broker who brings a … Continue reading

What’s the difference between a leasing agent and a tenant rep?

The leasing agent has the listing on the property and represents the interests of the building owner. A tenant representative or “rep” represents the interest of the tenant in a lease transaction. Some agents work exclusively on listings, others will … Continue reading

How do commercial real estate commissions work?

There are several reasons why it is important to understand how commissions work: One of the most common pitfalls a tenant makes is to tour properties without having decided on a brokerage relationship. If you plan on hiring a tenant … Continue reading

How do commercial real estate professionals (“brokers”) get paid?

Commercial Real estate agents are typically paid a commission upon the signing of a lease. The commission is paid by the owner of the building and is typically paid one-half upon lease execution and one-half upon tenant occupancy. The commission … Continue reading

How does the commercial real estate (“CRE”) industry work?

Most owners of real estate hire real estate agents to lease their property on their behalf. The agent obtains a listing agreement, which calls for that agent to act on the owner’s behalf as a fiduciary in leasing the property. … Continue reading

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