It’s no secret -- in real estate, location is everything. And nothing could be truer than that when discussing where to situate your business. If you need to attract passersby to pop in to visit, you want a very different commercial real estate property than if you’re warehousing products. When it comes to finding the perfect location for your company, it’s absolutely imperative that you choose from commercial real estate brokerage firms.
By working with commercial real estate brokers, you can determine how to maximize your new property’s cost-benefit ratio. Commercial brokerage firms have access to properties that you don’t even know are available. And it’s only when you know what’s truly out there that you can make the best, most cost-effective choice for your business.
When considering whether to work with a particular real estate brokerage firm, among the key points to consider are:
- The area of specialization of the real estate brokerage;
- The location of the real estate brokerage firm;
- The cost benefits of working with real estate brokers.
Action Steps
The best contacts and resources to help you get it done
Work only with commercial real estate brokerage firms offering the type of property you need
Different businesses need different types of properties; that goes without saying. But what many people don't realize is that different types of properties need different types of commercial real estate brokerage services. A company equipped to lease office space may not be the best fit to acquire property for development, and vice versa.
I recommend: Duke Realty is one of the biggest national commercial brokerage firms that specialize in
property management and leasing as well as
property development. With properties in more than 20 cities as well as being one of a only a few nationwide real estate development firms, Duke can help find your next commercial property.
Find a commercial real estate brokerage firm in the area in which you're looking
National real estate brokerage firms are excellent resources for commercial real estate assistance as long as they have a location in the area you need. If they don't, you're simply wasting your time. You need to be sure that you're working with local real estate brokers who know your area and how your unique commercial real estate market functions.
I recommend: LoopNet is the nation’s largest listing of real estate brokerage firms and commercial properties. You will need to register to search for local companies, but the registration is free and easy.
NAI Global is a franchise of commercial real estate brokerage firms and offers many local affiliates for your convenience.
Save time and money by working with a commercial real estate brokerage
Many business owners try to find their own commercial property to save money. This is the very definition of cutting off your nose to spite your face. Instead, save your precious time and effort by letting a professional commercial real estate broker do the legwork for you.
I recommend: Sperry Van Ness is a commercial real estate advisory firm that specializes in working with business owners to find the commercial property that best suits their needs.
Grubb & Ellis Realty offer investors a portfolio of commercial investment properties located in key markets.
Tips & Tactics
Helpful advice for making the most of this Guide
- Many commercial properties are "ghost listed," or listed without a sign ever announcing their availability. If you're not working with one of the real estate brokers with access to the commercial system, you will have no way of finding these prime properties.
The official source of Real Estate Brokerage Firms is
the Real Estate Brokerage Firms page at Business.com
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