Understanding The Role Of A Denver Tenant Rep
Yes, you could try to navigate the commercial real estate world on your own, but you’re likely to end up stressed out and way over budget. Hiring a tenant representative means you’ll gain access to industry expertise on everything from market analysis and property identification to LOI negotiation and project closeout. A Denver tenant rep makes the process of leasing commercial space in the Mile High City seamless by acting as your advocate and lending you their experience. Not all tenant reps are created equal, though. Let’s dive into the vetting process so you can make the right decision for your business.
Have They Worked With A Company Like Yours?
First things first: you want to assess the experience of any Denver tenant rep you’re considering working with. Some tenant representatives will operate across all types of commercial properties, while others will specialize in a specific type and work exclusively with office space or other type. Identify whether or not the tenant rep you’re considering will be able to fully advocate for your needs by asking about the types of companies they tend to work with. Include questions about the size, type of operation, and budget to get insight into their skill set and how that might apply to your needs as a business.
What Does Their Network Of Resources Look Like?
Size and access are not mutually exclusive. Talk to the Denver tenant reps you’re considering about the resources they can leverage to help you find the right space for your business. What databases do they use? Are there any additional listing services they partner with? Do they have third-party market research software? What kind of local relationships do they have that might benefit you? All of these elements can make a difference in your experience finding the right commercial space for your business. You want a Denver tenant rep who has vast and diverse access to various tools that can be leveraged to your benefit.
How Do Their Past Clients Feel About Their Experience?
Any Denver tenant rep worth their salt will have an extensive list of references who can tell you about their experience working with that broker. In addition to speaking with the “cherry picked” past clients a tenant rep will connect you with, you’ll want to look at online reviews to get the complete picture of the client experience they provide.
What Services Do They Provide And Why Do You Want Them?
An experienced Denver tenant rep will not only be able to spell out the various services they can provide to you in great detail, but they’ll also be able to explain the tangible benefits you can reap by working with a tenant rep for those services. Additionally, they should be able to easily explain why they are the best broker for the job.
Do They Have Relationships With Landlords?
This is arguably one of the most important questions to ask a Denver tenant rep before hiring. You want to understand whether or not they have relationships with landlords that may bias your search or pose a conflict of interest. If they don’t exclusively work with commercial tenants, get a clear explanation of what their relationship with various landlords entails and how that can impact your experience as a tenant.
What Can They Do For You As Your Company Grows?
Last, but certainly not least, you want to be sure to discuss future plans with any Denver tenant rep you’re considering working with. If you even have an inkling that the size and dynamic of your workforce might change, you want to confirm that they have experience negotiating flexibility into a long-term commercial lease so that your business is not boxed in by your property.
Lowrey Burnett: The Denver Tenant Rep You Can Trust
With many years of experience in tenant representation combined with one of the most coveted credentials a commercial broker can earn, a CCIM designation, Lowrey Burnett is the trusted Denver tenant rep of countless local businesses just like yours.
If you’re looking at leasing options for your company, contact Fountainhead Commercial to schedule a meeting with the best tenant rep in Denver.