Navigating the complexities of buying, selling, or leasing commercial real estate can be challenging. By doing your research and vetting commercial real estate firms prior to deciding on one, you can avoid common pitfalls and ensure you choose the firm that can help you make the right decision when leasing or buying property. Whether you’re a prospective buyer, investor, property owner, or tenant, here are some tips to help you choose the commercial real estate firm that works best for you.
Consider Your Own Needs
To start, when you’re working with a commercial real estate firm for the first time, they’re going to need to have a good understanding of your needs. It’s a good idea to start thinking about what you need, what type of property you’re looking for, how large it needs to be, where the ideal location would be, etc. We recommend writing down any details you want to share with a commercial real estate broker, and then working with them and allowing them to ask follow-up questions to help you find the right property efficiently and effectively.
Experience in Commercial Transactions
It’s extremely important to ensure that the commercial real estate firm you choose has experience dealing with large-scale commercial transactions. While some real estate brokers deal in both commercial and residential real estate, how you handle these transactions is very different. Residential purchases are typically dictated by the buyer’s wants and needs, while commercial transactions are business dealings – and you want to pick a partner who will have your best interests in mind at all times.
Local Expertise
Commercial real estate markets can heavily vary from city to city and can even differ greatly within the same city. Choosing a commercial real estate firm that is established in your area and knows the area’s history and the ins and outs of the current market is imperative. You also want someone tapped into potential future changes in your area that is continually learning and can grow with you and help you make smart investments and business decisions over time.
Accessible and Responsive
Commercial real estate transactions can take several months or even a year to complete, so picking a firm that is accessible and responsive is key. You want to hire a firm that is dedicated to advocating on your behalf and keeps you up-to-date on what is happening in your transaction process. At Vista Holdings, we are committed to personal attention for each investor, partner, and tenant. While we may be a small business, we have a large reach and a breadth of knowledge that allows us to better serve our clients in a collaborative and hands-on way.
If you’re in the process of looking for an office space to lease for your company or are a commercial property owner who would like to work with an honest, upfront, and experienced commercial real estate firm, then please don’t hesitate to contact us or browse our full list of available properties.
