Commercial Tenant Representation

By: Matt Fay

In today's business world, there are a lot of options to consider when choosing the right location for your business. You have to consider area demographics, rental rates, size of the space for today and for growth, tenant build-outs and much, much more. For the general business owner, whose mind has to be on running the business, this may be too much to handle. This is where a good commercial real estate tenant representative comes in.

Many business owners would prefer leasing over buying a property because it frees them from the responsibility of having to keep up with the maintenance of the property; it costs less and does not tie the business owner to the property long term. But leasing is not as cut and dried as it used to be. Having quality Commercial Tenant Representation can help ensure that the tenant (business owner) is getting a good rate, a good deal and is getting the space that is needed for the business.

Many tenants have a lot of different preferences and tastes when it comes to choosing a space to lease. Do my customers live in the area? Is it accessible to public transportation? Is there quality ingress & egress? Are there competing businesses nearby? Are there other businesses around that may help draw customers? Will the space be built-out to my needs? What are the total costs I will incur each month? What kind of rate increases should I expect? And the ultimate question: Is the rent affordable and negotiable? Having Commercial Tenant Representation means that all these and a myriad of other questions can be answered while you keep your mind on your day to day business.

With Commercial Tenant Representation, the tenant can feel confident that they are getting the best deal in the property that he will be leasing. The reason for this is because a good representative will always have access to a wide selection of properties up for lease that they can easily match the tenant with what he needs. Also, using Commercial Tenant Representation ensures that the tenant knows his rights and privileges as well as his responsibilities to the property that he leases. Negotiations can be handled through the representative and any problems that may arise from the rental of the property can be addressed through this rep.

Having Commercial Tenant Representation means that the tenant will be given an analysis of several locations, selected based on the specifications given such as cost, size, and accessibility. With this analysis, the tenant can now have an overview of his choices of property and be able to make an intelligent and informed decision on a property that will best suit his needs. Getting Commercial Tenant Representation makes life as a tenant much easier and safe. And even the landlord will thank him for it.

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