Whether you're relocating, expanding or opening your first office, you may find yourself wondering, "Do I really need a tenant rep broker to help me with this?" No matter what your situation, the answer to the question is a resounding, "yes!" There are numerous reasons why you should engage an experienced tenant representative to assist with the leasing process. Here are a few:

1. You'll Save Tons of Time 

Many people underestimate exactly how long it will take to find potential offices, schedule tours, review offers from landlords and negotiate a commercial lease. The process may last for months and will involve a lot of administrative legwork along the way. A tenant representative broker takes many of the tasks off of your hands, freeing you to focus on your business, and because they've done it all before, they can simplify and streamline steps that could trip you up if you go it alone.

2. And You'll Save Money, Too

Tenant rep brokers can positively impact your bottom line. They can spot properties that are offering bargain rents and let you know which options are overpriced. Plus, your tenant representative will act as your advocate during the lease negotiation process to help ensure that you get a fair deal and the right terms to protect your interests.

3. Brokers Have the Inside Scoop on Exclusive Locations

The most in-demand buildings rarely have to advertise vacancies to attract new tenants. As soon as a company is ready to move out, a tenant representative typically snatches it up for a client. This means that it's likely you'll never hear about the best opportunities if you go it alone; however, with a tenant rep, you could be the one snagging that prime office space before everyone else.

4. Commercial Lease Terminology Is Complicated

Leases are full of complicated jargon that can be difficult for a layman to understand. Your tenant representative broker acts as your walking dictionary and encyclopedia in one, explaining what you're reading and clarifying points that are difficult to understand. This way, you can feel confident that you know what you're signing.

5. Knowledge of the Market Is Crucial

The commercial real estate market can change quickly, particularly in the era of COVID-19. Not knowing what the current trends are in your area can mean paying too much, ending up with a landlord who is less than reputable or locking yourself into a lease for longer than necessary. A tenant representative broker arms you with the knowledge you need to make an informed decision.

6. You May Not Have the Right Vision for Your Office

Moving into a new office is expensive and time-consuming, so you want to ensure that you're picking an office that will continue to suit your needs now and in the future. A tenant rep will ask probing question to identify your needs and then provide you with options that will best suit them, increasing the chances that you are fully satisfied with your space and lowering the likelihood that you'll outgrow it too soon.

7. Their Services Cost You Nothing

The tenant representative broker's fees are covered by the landlord, so you can reap all of the above benefits without incurring additional costs. You have nothing to lose and everything to gain!

Here are a few other articles to check out:

Five Lease Terms That Always Matter

Commercial Leasing Mistakes to Avoid

8 Building Features that Attract Corporate Tenants

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