Understanding the Advantages of Tenant Representation
When you represent a business searching for commercial real estate your first step is to determine the right Broker – someone who understands what you are looking for and whose main focus is finding the perfect property for your specific requirements.
However, many Brokers have obligations to show specific locations based on relationships with landlords and lessors. Which means certain Brokers may be a disadvantage. That’s where understanding the advantages of tenant representation comes in.
What is Tenant Representation?
Tenant Representation puts the Broker on your side throughout your search for commercial real estate. A Tenant Representative is obliged to consider only your needs and requirements. They are not tied to a specific property, which means they are not working to force you into one location. Instead, they are able to offer multiple options and provide you non-biased information about each of them – providing you with the tools needed to make an informed decision and find the best space.
What are the Advantages to Tenant Representation?
There is no greater advantage than a Broker that is on your side during your commercial property search. They take the time to understand your needs and bring that knowledge with them to negotiations. When you choose tenant representation, the Broker fights to find you the perfect property, instead of fighting to force you into a property they need you to choose.
What to expect with Tenant Representation
- Lease Analysis and Lease Negotiations
- View Multiple Sites
- Access to the latest in Market Analysis Tools
- Cost-Effective Location Discovery
- Property Comparisons
- Strategic Searches
- Access to additional properties in your area
How much does Tenant Representation Cost?
The tenant representatives fee is paid through commission from the landlord or landlord’s broker, which makes working with a tenant representative the right choice for your commercial property search.
Tenant Representation with Baldridge Properties
Baldridge Properties is a national commercial development & leasing company and brokerage firm. Our local and global market knowledge combined with a depth of experience and diversity within the industry can advise you to achieve maximum value. Additionally, we have the capital to purchase sites and offer build to suits as a tenant rep. Contact us today to schedule a meeting with one of our tenant representatives.