What to Look for In Your Commercial Real Estate Broker

What to Look for In Your Commercial Real Estate Broker

Posted by Marc DeLille on April 8th, 2021

Hiring a commercial real estate broker is a lot like hiring an accountant  — you want to look for someone who has a thorough and proven track record of understanding numbers, taxes, and deductions and will get you the best return on your investment

A commercial real estate broker is a middleman between sellers and buyers of commercial real estate, who helps clients sell, lease, or purchase commercial real estate. You want to look for someone with local market knowledge who can guide you through the known and unknown while securing the perfect property at the best terms. From property type to location, you deserve a local expert to negotiate, advocate, and provide a partnership with your best interest at heart.

Now that you understand what a commercial broker is and how they can be beneficial, let’s take a look at the skills and experience your broker should have.

  • Commercial real estate experience –While anyone with a real estate license can handle a commercial real estate purchase, it is considered a “best practice” to work with an experienced commercial real estate broker. A professional commercial real estate broker knows the market, can offer you insights, knows the comps for the property; thereby helping you acquire the best rates in your target market.
  • Local market knowledge – You don’t want to work with a commercial real estate broker to acquire property in a city in which they aren’t familiar. Doing so might result in property acquisition in a less than desirable area or at an above-market value. Local expertise ensures that you are making a smart investment with your money.
  • Marketing expertise– Although their job is to help you navigate the commercial real estate market, you also want your commercial real estate broker to be able to help you sell or lease your commercial properties. This means it’s extremely helpful to have a broker that is proactive, able to successfully market your property, and bring in new tenants or potential buyers.
  • Communication skills – Because you’re relying on them to do the heavy lifting, you need a commercial real estate broker that handles the details but keeps you informed throughout every step of the process. From being proactive and sharing commercial properties with you to being responsive when unexpected issues or questions arise, you need someone you can count on that is accessible when you need them.

Hire Price Commercial Properties as Your Commercial Brokerage Firm

Price Commercial Properties is one of the fastest-growing commercial real estate firms in the Piedmont Triad because we simply and effectively do the hard work for you. We provide our clients—owners, tenants, developers, and investors—with the keen insights and lucrative deals that give them the edge in the Triad real estate market. With Price Commercial Properties, you can have peace of mind knowing that your commercial portfolio is in good hands.

If you’re interested in working with a commercial real estate broker that specializes in the Triad real estate market, don’t hesitate to contact our team