BY BARRY HARDWICK, CCIM
What is a Tenant Rep Broker? Do I need one? Tenant Rep Brokers are licensed commercial real estate professionals that focus exclusively on working with office, retail and industrial property users to help them find the right space, negotiate the best terms, and bring order and efficiency to the process. When you use one, you get an expert in your corner throughout the process and at little or no cost to you.
The key thing about a professional tenant rep is that they work for you. The names that you see on “For Lease” signs are brokers who represent the owner(s) of that specific building. Their job is to represent that owner’s best interest in leasing the vacant space within the building and do it at the best terms for the Landlord. The Tenant Rep broker owes their allegiance to you and is hired to represent your best interest. Let’s take a more detailed look to see what they do and how it can benefit your company.
Are you getting ready to renew your lease or open a new location? If so, you should take advantage of having an industry professional – who represents you – to assist and guide you through the process to get the right space at the best price and manage the process from start to finish. Their expert knowledge will help you avoid potential pitfalls and make sure you are getting a fair market price. They will create efficiencies and bring value to the process, adding bottom-line dollars and savings to your business. Who would not want that?
This is what we do at Centennial Retail Services. It is what we live and breathe every day. If you are ready to get started or just have a question, we are here to assist.
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