Tenant Representation
Tenant representation for commercial real estate is similar to what is often referred to as buyer representation in residential real estate. The agent does not have a listing of a given property but represents the client or buyer to identify and show those properties of interest.
The purchase or leasing of commercial property can be a daunting task for an individual or company to endure. This also applies to established businesses looking to expand or consolidate their operations in a given area. With the aid of a qualified broker, tenant representation services allow the client to achieve the best results concerning a lease or purchase. This service does not cost the purchaser any commission or associated fees as they are paid by the landlord or seller performing the service.
When your organization is considering an expansion, relocation, site for future use, built-to-suit, investment, purchase, or a lease, it is critical to your bottom line to have an advocate ensure that every phase of the transaction is handled to your advantage. As your advocate, Crye-Leike Commercial is dedicated to obtaining the optimum space for your current and future needs. We will obtain that space or site at the best economic terms and contractual flexibility available in a sales/lease agreement.
- Ability to offer alternative suggestions
- Position of strength through market awareness
- Responsible central source for assembling presentations and responding to inquiries
- Objectivity throughout the analytical process
- Exclusive representation specific to the clients interest
When a clients objective is to profit from real estate decisions, Crye-Leike Commercial's pioneer record of experience offers the very best in secured performance and most importantly, results. The Commercial Division offers business and investment real estate services for investors, developers, and other commercial clients.
- Retail
- Office
- Multi-Family
- Restaurants
- Industrial
- Hotel/Motel
- Land Sales
- Church Property
- Sale of Operating Businesses
- Broker's Price Opinions & other Consultations
- Organize the needs of the client
- Present these needs to the market
- Make a thorough evaluation and negotiate the most favorable terms for the benefit of the user
Evaluation is through an understanding of the clients criteria including location factors, demographics, financial considerations, employee needs, transportation services, and other special requirements. The broker has the obligation to expose any and all properties the client wishes to consider.
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Planning - It is important to have an understanding of new space and locations as to correctly predict the market experience. Business and technology trends need to be incorporated into a facility. Along with requirements for future growth needs.
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Strategy - Crye-Leike Commercial believes that laying out a clear and concise strategy can best serve the needs of a client. It establishes the basis of a good relationship, the responsibilities of the parties, an ultimate goal, and a necessity to work together as a team.
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Defining the Need - The decision to purchase or lease can be very difficult for many. It is often confusing, time consuming, lacks economic certainty, and is often not undertaken in a methodical, rational approach. Defining the needs, long and short term, can establish a favorable economic and operational impact on the clients long term goals. An experienced Broker can help define those needs for the firm or individual with its extensive knowledge of the market place.
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Implementation - A needs analysis from physical surroundings, amenities, space, site utilization, and financial considerations will be reviewed. The preparation of proposals will be sent to select properties followed by a thorough analysis and comparison. When selections are made, final negotiations of a purchase or lease are submitted for client approval.