Monday, August 24, 2009

TURNKEY OUTSOURCING PROGRAMS: COMMERCIAL REAL ESTATE

TURNKEY OUTSOURCING PROGRAMS: COMMERCIAL REAL ESTATE

Real estate is a local business. Business owners can and should review local area demographics (population, income and age). However, selecting the perfect spot for your business requires composite analysis of data and local market knowledge. The bottom line is: unless you are familiar with the local market, you won't know the local market. The most critical player is the local agent who must understand your business needs in order to match the right location.

Outsourcing your commercial real estate needs provides:

One point of contact for all your real estate needs.
Innovative real estate solutions for businesses.
Proven lease negotiation leverage to lower your current occupancy costs.
Ongoing real estate support (annual CAM audits, long term strategies).

Outsourcing leverages BUYING POWER, decreases overhead and gives you, the business owner, a committed, fiduciary relationship with an agent. The agent becomes an expert in your business, your real estate needs and your long term business objectives.

SAVE by paying pennies on the dollar that will put money on the business owners bottom line.

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Thursday, May 14, 2009

How do you find a good commercial real estate agent to work with?

Good commercial real estate agents are hard to come by. And a referral is a great start. But, the business owner looking for commercial real estate agent needs to take the next step and define a set of criteria that will help in laying the foundation for a constructive working relationship. Those criteria should include:

1. Advocating for your business needs
2. Depth and Breadth of commercial real estate experience
3. Local connection – someone who knows the commercial real estate market
4. Capabilities of the Firm and they type of support they can provide

Finally, by interviewing the commercial real estate agent, you’ll find someone you like and can work with; someone that will be straight about the different choices and then lets you, the business owner, makes the final decision.

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