How a Commercial Real Estate Broker Can Help You

It’s a common perception that finding a commercial space, be it to buy or to lease, can be done on one’s own. What many people fail to realize, however, is that most of the sellers or landlords who you may be dealing with are using brokers themselves. If you’re looking to buy or lease, wouldn’t you want to stay on the same playing field as the people you are doing business with?

The commercial real estate broker you’re looking for is someone who has experience, not only in the industry of commercial real estate, but one who has in depth knowledge in the demographic region you are searching in. They also have a solid understanding about the type of business you are running, and what elements a space needs to help you be profitable – sometimes, elements you would never have thought about. Your commercial real estate broker has also worked hard to pass certified exams to ensure that he or she is completely up-to-date on all processes, laws, and all the ways in which he or she can help you get the best deal.

Start the New Year off right by finding a real estate broker to help you find that perfect space for your business. Here’s how a professional can help:

Once you’ve found a real estate broker you connect with, you can begin the property search. This includes discussing location, your business needs, and ensuring that once you’ve found a space you’re interested in, that you make note of all damage and building conditions that may highlight the need for a professional inspection and/or required renovations to suit your respective business.

As you decide to move forward on a property, a real estate broker can help you understand and handle all zoning and fee requirements. Zoning is a key element to running a business, as some properties may not be properly zoned for the type of establishment you’re looking to set up. A broker can check with the municipal affairs or municipal planning office in your area to confirm the regulation on that specific land’s use. A key point, that many business owners forget, is to ensure that expansion is possible, or, if you’re leasing, that subletting is an option in case you end up having an excess of space.

Finally, when you’re ready to sign a lease, it’s important that you, your broker, and a lawyer review the documents before signing, to ensure there are no clauses or loopholes that work against your favour. Your broker can also ensure that the necessary repairs are covered in the agreement. Terms are then reviewed, to ensure the length of the lease and potential penalties in the event of early termination. When all the documents are satisfactory, your chosen broker will help you negotiate and draft the best possible offer for your business.

It’s as simple as that!

Ready to start the year off right? Feel free to reach out to me at any time through email or by calling 416-433-6249, and let’s discuss how I can help you find that perfect space. 

sourced picture from www.creativesuccessalliance.com