When it comes to commercial real estate leases, purchases and sales, businesses should retain a dedicated corporate real estate advisor. Why? Five good reasons:
1. Subject matter expertise of commercial real estate, trends, construction, documentation, and negotiation tactics.
2. Market expertise across product types, often in multiple markets on leases and sales.
3. Financial benefits obtained in the form of lower rent, lower purchase price, higher concessions, or avoidance of potential costs.
4. Resources and networks providing your company with current availabilities in the market, including pocket and unpublished listings, along with actual rental rates and concessions available.
5. Risk mitigation.
Some businesses are finding out the hard way that searching for available properties and negotiating leases on their own takes a very long time. The internet is full of outdated listings with old rental rates. Working with a dedicated corporate real estate advisor streamlines the process so businesses don't waste time on phantom spaces.