Your physical location as a business is one of your largest business expenses. Not only that, but it says a lot to your customers and to other businesses about who you are. That’s why tenant representation is so important, so you can take advantage of market experts and negotiators to make your investment worth it.
Tenant representation – Someone in your corner
When you’re looking at making such a large and important investment into the future of your business, you want someone in your corner. The Leasing Agent for the property you’re looking at is looking out for the best interests of the owner, not your’s. That’s why you want a Tenant Representative, so you’re working with someone who has your best interests in mind. After all, the Leasing Agent isn’t considering whether or not their space fits all the needs of your business, your Tenant Representative is.
Take advantage of extensive knowledge and experience.
Being able to take advantage of the extensive experience and knowledge your Tenant Representative brings to the table allows you to make the best possible decision for your business. They not only know the industry as a whole, but are attuned to the individual characteristics and behaviors of the region in which you are looking to open a business. This knowledge can mean the difference between choosing a location where your business can be successful and choosing a location where your business is sure to fail. You might know who your customers are, but a Tenant Representative knows where your customers go to shop, eat, or run errands.
A Tenant Representative brokers leases for a living.
It’s not likely that you, as a business owner, have much experience with leases. On the other hand, a Tenant Representative brokers leases all the time, and is acutely aware of all the minute details that go into a leasing contract. Let them do the work for you. They’ll likely do it faster and more thoroughly, and you are much more likely to find the property you want, under the terms you need, at a price you can afford.
