How a Tenant Rep Broker can save you money
Tenant Rep Brokers - the low down
A company is likely to rent office space only a few times in its business lifespan, and no matter how hard you try to convince yourself that you know everything there is to know about finding the most ideal space for your business - the chances are ... a Tenant Rep Broker knows more!
Many office tenants have the misconstrued perception that because the fees of a Tenant Rep Broker are paid for by the Landlord they will end up having to pay more in rent so that the landlord can pay the Tenant Rep. This is not true. The Tenant Rep Broker works with you and for you and has no alliance whatsoever with the Landlord.
In fact, your Tenant Rep Broker will ensure you get the best bang for your buck. Not convinced?
Here's how a Tenant Rep Broker can save you money:
They'll assess your office space requirements and comb through the market to come up with some prospective office properties that best meet your criteria. This saves you considerable time (and money) as you needn't have to take the focus off running your business in the hunt for office space.
A Tenant Rep Broker knows the market well enough to negotiate favorable office lease terms on your behalf, and get the price down to market rate or lower, saving you significant dollars.
A good Tenant Rep Broker can interpret all the costs associated with the office lease and translate the data into cost implications for your business. They can also provide in-depth market analysis to help you select the most cost effective office space for your business.
Leasing office space is a complex process and commits your business to that property for the duration of the office lease. A Tenant Rep Broker will guide you through the process and ensure you don't make any critical mistakes; ensuring that your chosen office space is a profitable outcome for your business.
Get the Free Office Space Checklist to guide you through the process of finding the right office space for your business.
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