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Why should a Commercial Real Estate Owner use an Agent to lease their Space?

By
Real Estate Agent with RE/MAX executives realty

As an owner you can market your own space but it can be very time consuming and expensive. It's not just the cost of the signs and ads to consider, but also the lost opportunity cost.

What is your time worth?

If you are a business owner, what does it cost you to take your focus off your business to learn the real estate leasing game? ($300/hour, $500/hour?)

What if it takes you an extra month (or two) to lease the space yourself? What do you lose in lost rent and expenses for the empty space that you are carrying?

Do you have the forms and knowledge necessary to negotiate the legal documents? Mistakes here could cost you thousands.

If you limit your marketing to just local papers and sign calls you could be missing out on the best Tenants.

As far as why you should use us as your agent the reasons are many. We are an established source for information for commercial real estate with many information distribution channels to get the message about your space available, to the market. We have many established and proprietary, websites, advertising media and information distribution channels that the market relies on when searching for this information.

On any given day we get many inquiries from many sources about commercial space available. As your agent we of course would be promoting your space to these clients as well as other brokers and their clients.

Using a third party as an intermediary in negotiations is a time tested and proven method of obtaining the best deal. (That's why so many businesses still use these methods today).

We also use a target market approach to market a particular property. We determine who the most logical user for the space is and develop a marketing campaign to expose the property to those most likely users. Unlike some brokers, we do not just put up a sign and throw it on the MLS and wait for someone else to sell or lease the property. We mount an active campaign to get the job done.

If you have any questions or if you would like to discuss this further, please do not hesitate to call me at 204-667-SOLD (7653).

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About the Author:

Harry Logan is a REALTOR with RE/MAX executives realty in Winnipeg, Manitoba, Canada. Harry represents Buyers & Sellers in all aspects of buying and selling residential real estate and commercial real estate in Winnipeg, Manitoba and the surrounding areas.

Harry can be reached at 204-667-SOLD (7653) or through his websites. Click here for Harry's Winnipeg residential real estate website or click here for Harry's Winnipeg commercial real estate website.  

Comments (1)

Bryan Watkins
LRA Real Estate Group - Mesa, AZ

Harry, there are too many alligators out there for an amateur owner to tackle. But, they may learn a good lesson that a professional is not as expansive as an amateur.

Jun 04, 2010 06:28 PM