How can you find the best commercial space with your tenant representative's network?

1 Know your needs and goals

Before you start looking for commercial space, you need to have a clear idea of what you need and what you want to achieve. Your tenant representative can help you assess your current and future space needs, such as how much space you need, what type of space you prefer, what features and facilities you require, and what location and accessibility you desire. Your tenant representative can also help you define your goals, such as how long you want to lease, how flexible you want to be, how much you can afford, and what incentives and concessions you expect. Knowing your needs and goals will help you narrow down your options and communicate them to your tenant representative's network.

2 Tap into the hidden market

One of the benefits of working with a tenant representative is that they have access to the hidden market, which is the commercial space that is not publicly advertised or listed. This can include space that is coming up for lease soon, space that is subleased by existing tenants, space that is under construction or renovation, and space that is owned by private landlords or investors. Your tenant representative can use their network of contacts, such as brokers, landlords, property managers, developers, and other tenants, to find out about these hidden opportunities and present them to you. This can give you an edge over the competition and help you find the best commercial space that meets your needs and goals.

3 Negotiate the best terms

Another benefit of working with a tenant representative is that they have the expertise and experience to negotiate the best terms for your commercial lease. Your tenant representative can use their network of market information, such as comparable rents, vacancy rates, lease trends, and tenant incentives, to evaluate the value and potential of each commercial space and advise you on the best strategy and tactics to negotiate. Your tenant representative can also use their network of relationships, such as trust, rapport, and reputation, to influence the decision-makers and stakeholders on the other side and secure the best deal for you. Your tenant representative can negotiate on various aspects of your lease, such as rent, term, renewal options, rent escalation, tenant improvements, maintenance, subleasing, and termination.

4 Benefit from referrals and recommendations

A final benefit of working with a tenant representative is that they can provide you with referrals and recommendations for other professionals and services that you may need in your commercial leasing process. Your tenant representative can use their network of resources, such as lawyers, accountants, architects, contractors, movers, and IT specialists, to connect you with the best people and solutions for your specific needs. Your tenant representative can also use their network of feedback, such as testimonials, reviews, and ratings, to help you evaluate the quality and reliability of each provider and service. Your tenant representative can help you save time, money, and hassle by benefiting from their referrals and recommendations.

Finding the best commercial space with your tenant representative's network can be a smart and effective way to achieve your business goals . Your tenant representative can help you know your needs and goals, tap into the hidden market, negotiate the best terms, and benefit from referrals and recommendations. By working with a tenant representative, you can find the best commercial space that suits your needs, budget, and vision.

5 Here’s what else to consider

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