Fact is, the potential for commercial real estate profits usually surpass that of residential properties. When diving into the world of commercial real estate, it is important to stay calm and be patient. Do not invest into anything before thinking carefully. You might find out that the property is not what you needed after all. A professional and experienced Commercial Real Estate Broker can help you make an educated decision and save you time and money.
If you are looking to lease a property whether you are the landlord or the tenant, here are some questions to ask the broker when interviewing him or her.
What locations, cities, or specific neighborhoods are you most familiar with in your practice?
What is your experience as a broker?
Can you share some of your success stories?
Do you specialize in specific types of properties?
Have you negotiated a tenant improvement allowance and worked through a build out before?
Have you ever worked with a company like mine before?
What will your broker services cost me?
Do you represent any buildings or landlords?
As you comb through possible brokers, search for those who have extensive experience in commercial markets. Verify they have experience in working with the type of properties you are interested in. Keep in mind: Entering into an exclusive agreement with that particular broker is a good idea.