(OR NONE AT ALL) T ALL)
The right broker will be able to reduce your company’s bottom line and protect its interest throughout your search. A company’s office space is usually one of its top three biggest expenses. Don’t try to do it yourself. A good broker can improve deal terms by 10% to 15%. It doesn’t cost the tenant any money and gives them access to an expert at each stage of this process. Plus, it gives them access to the broker’s team of experts that you will need. That is one of the biggest aspects of using the right broker. You also want to make sure you choose a broker who is right for your company and for the property search. If most of someone’s experience is with industrial real estate, they may not be the best choice to help you find office space. They could be versatile, but make sure they are before you hire them.
FALLING IN LOVE WITH A P VE WITH A PROPERTY
This was brought up earlier, but while it’s not the worst thing to fall in love with a property, letting it affect your search is. If you fall in love with a property and don’t seriously consider other options, it will affect your negotiations. You don’t want your emotions to creep into your business at all, and that is what this is. Think of it purely as an investment, because that’s what it really is. It’s not exactly residential real estate where the view and surrounding areas matter equally. The price and NOI matter as well. I’m not saying choose something purely on price, I’m saying use both sides to make an informed decision. This will show in your negotiations more than you may think. That’s why it is so important to have a real alternative that you
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