When, Where, And How To Hire Tenant Representation In Denver
In order to hire the right tenant representative for your business, you need to engage at the right time for the right services. Let’s review some of the basics of tenant representation in Denver.
When Do You Need A Tenant Rep?
Most companies will hire a tenant representative when thinking about either renewing their leased space or looking for a new commercial space. To gain maximum leverage, this timing typically starts 18-months prior to making a decision about your space, but it’s not exclusive to that, it really depends on your unique circumstance. Tenant reps will frequently work with clients who’ve found themselves in a position where their current space no longer meets their needs and they may need to explore other options to maintain their current state of operation or accommodate growth.
Some small- and mid-sized businesses are quick to write off tenant representation in Denver believing that it’s not necessary for them or outside of their budget. That’s far from the case. Businesses of all sizes and all kinds benefit from the right tenant representative. It’s important to start looking early in order to find someone who can meet your needs in a timely fashion.
Where Do You Find A Tenant Representative?
Tenant representation services are typically found through commercial brokerage houses - both big and small. You’ll want to look for a commercial real estate firm who not only has experience providing tenant representation services specific to your property needs (e.g. medical office, call-center office, industrial distribution, industrial manufacturing, etc.) but also has a good reputation in the area. With that in mind, here are a few steps you’ll want to take to ensure you hire the best tenant representation in Denver.
How To Hire The Right Tenant Representation
Hiring the right tenant rep for your company doesn’t have to be overly complicated. When you ask the right questions in the early stages of the hiring process, you’ll be able to find someone who is a great fit and can serve your business well. Let’s review a few of the most important topics to consider when hiring for tenant representation services.
Don’t hesitate to ask for referrals from past clients. This will be the best resource to identify what kind of service the tenant representative has provided and how their strategy and personality might align with you and your business needs. Additionally, look for accreditations from sources like CCIM and BBB, as well as online testimonials to get a well-rounded view of the tenant representative you’re considering hiring.
Understanding the type of expertise you need from your tenant representation specialist in Denver is important for making the right hire. Consider what you need from a tenant rep - whether it’s new property site selection, lease re-negotiation, lease expansion, or other tenant needs - and task how experienced the particular representative you’re considering is in the specific geographic area your contemplating for your business or specific product type (e.g. medical lab; call-center; data center; specialized manufacturing, etc.).
The final thing to consider when looking for tenant representation in Denver is the quality of customer service they’ll provide. The support experience is essential for any business owner who is outsourcing a service to make their everyday life easier. Without a high-quality customer service track record driving their tenant representation services, you’ll feel disconnected from the process.
Get The Best Tenant Representation In Denver
Whether you’re looking to renegotiate your lease with an upcoming expiration date or you’ve outgrown your current space and need the support of a CCIM-designated broker to help you identify a new space, you’ll want to seek a quality tenant rep specialist from the most experienced providers in the business.
Contact Fountainhead Commercial today to learn more about our top-rated tenant representation in Denver.