02 Feb What Do Commercial Real Estate Agents Do?
What Services Do Commercial Real Estate Agents Provide?
When you are looking to buy a home, the first thing you likely do is contact a residential real estate agent. But why do business owners overlook this step when they are interested in purchasing a new space for their company? A commercial real estate agent can be an incredible asset for a business owner looking to expand or relocate their business.
What do commercial real estate agents do? A commercial real estate agent helps their clients research, locate, view, and purchase commercial real estate properties. Commercial real estate agents partner with businesses, corporations, or organizations looking for spaces in which to expand or locate their operations. This can be anything from a storefront to a warehouse, and even an apartment complex.
Purchasing or leasing commercial properties is much more involved than residential properties. For this reason, it is important to work with an experienced real estate agent when you are looking to lease or purchase a new space for your business.
In this post, we will take a closer look at the duties of a commercial real estate agent. We will also share a few of the many reasons every business owner should hire a commercial real estate agent when looking for a new space.
What is a Commercial Real Estate Agent?
A commercial real estate agent is a licensed real estate agent who specializes in commercial properties. Commercial real estate agents help their clients research, locate, and view potential spaces for their businesses. However, in addition to simply locating the commercial properties, commercial real estate agents also help their clients assess whether the location is well-suited for their business.
Some of the areas a commercial real estate agent may research include local statistics or demographics of nearby businesses. They may even research the maintenance costs of the property. In addition to helping businesses, organizations, and companies locate commercial properties to purchase, they also negotiate commercial lease contracts between multiple parties.
Regardless of the specific needs of your business or organization, it is important to work with an experienced commercial real estate agent. Not only will this ensure that you get the best deal on a property but it will also provide you with additional insight to which you would otherwise not have access.
Dallas Fort Worth Real Estate Agent
One example of an experienced Dallas Fort Worth Real Estate Agent is Matt McWilliams. Through his company, MCM Real Estate Advisors, Matt McWilliams has brokered over $200 million in commercial and agricultural real estate properties. He works with his clients to locate and negotiate commercial real estate contracts that meet both their needs and their budget.
Matt McWilliams has extensive knowledge of the Dallas Fort Worth commercial real estate market. Because of this, he has attracted a wide variety of clientele ranging from locally-owned organizations to nationally-recognized corporations. Working with a commercial real estate agent like the professionals at MCM Real Estate Advisors will ensure that your business is set up for success.
Commercial Real Estate Agent Services
So, what services does a commercial real estate agent provide? The services provided by commercial real estate agents vary depending on the individual and the broker for which they work. Some commercial real estate agents may offer more inclusive services while others simply offer the bare minimum.
Generally speaking, commercial real estate agents help clients purchase, sell, and lease commercial real estate properties.
Helps Clients Purchase Commercial Real Estate Properties
Perhaps the greatest capacity in which a commercial real estate agent works is to help clients purchase commercial real estate properties. Investing in a property is no small decision, especially for a business owner. The location of your company can determine your potential for growth and success, among many other things.
Helps Clients Sell Commercial Real Estate Properties
Of course, the other side of commercial real estate is the help clients sell their commercial real estate properties. It is important to partner with an experienced real estate agent in this endeavor to ensure that you make a profit off of your property.
As a business owner, you likely do not have time to work with potential buyers and provide them with the information they desire. A commercial real estate agent will do all of the work for you. They will work to find business owners who are interested in purchasing your space.
Helps Clients With Commercial Real Estate Leases
Many business owners and corporations decide to lease their property instead of purchase. This can be a wise investment, especially if your business is quickly growing and you foresee the need for a larger space in the future.
However, with leasing comes the complex task of negotiating the lease terms and agreements, something that is quite time-consuming. A commercial real estate agent will help you locate commercial rental properties and negotiate the terms of your lease.
Reasons to Hire a Commercial Real Estate Agent
Although you may be tempted to cut out the middleman and search for a commercial property, there are many reasons you should hire a commercial real estate agent.
Knowledge of the Commercial Real Estate Market
An experienced commercial real estate agent will have extensive knowledge of the market in your area. They will be able to direct you to areas that you may otherwise not think to look. If you are purchasing a commercial property for the first time, a real estate agent will be able to provide you with important information on traffic to your location or other important considerations.
Access to Commercial Real Estate Listings
Because of their professional connections, a commercial real estate agent will have additional access to listings that may not be on the market yet. This will provide you with a greater selection as you search for the perfect property for your business.
Allows You to Focus on Other Areas of Your Business
As a business owner, you have many responsibilities. It is important to delegate tasks to others so that you can focus on other areas of your business. This is perhaps one of the greatest benefits of working with a commercial real estate agent.
A commercial real estate agent will do all of the preparation work, providing you with potential properties to view. This allows you to concentrate on other tasks of your business, knowing that the search for your next location is underway.
Saves Money on Prime Locations
Many business owners hesitate to hire a commercial real estate agent as they believe it will cost them more money. However, commercial real estate agents often save you money in the long run through negotiation! For this reason alone, every business owner should work with a commercial real estate agent.
Finding an Experienced Commercial Real Estate Agent
While working with a commercial real estate agent can provide you with many benefits, it is important to find an agent who has experience in your area. An experienced commercial real estate agent will have an extensive list of connections. This will help you locate your property more quickly. When you are looking to buy, sell, or lease a commercial property, it is important to provide yourself with every advantage. Whether you are looking to sell your cannabis business, or find a new location for your special event venue, a real estate agent can help!
When you are looking for a commercial real estate agent, your fellow entrepreneurs can be an incredible resource. Ask if they have an agent in your area that they recommend. It is also wise to research reviews to get an idea of the experience of working with the agent.
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