If you are a business owner and have decided that you need to work out of a bigger space than your garage or home office, you're going to want to get in contact with a commercial real estate agent. When it comes to finding commercial space such as an office building or a warehouse the services of a knowledgeable agent will be a huge asset.
Buying commercial real estate is different than buying residential so you're going to need a specialized agent that deals strictly with commercial properties. This type of agent will better understand your business space needs, like store frontage and retail spaces better than anyone. This article outlines some of the differences between commercial and residential real estate job descriptions.
Commercial agents know everything there is to know about the lay of the business land in the market they work in and will be able to help you find exactly what you need. When you first meet with an agent be prepared to provide them with details about your current or future office space needs, equipment you may need, what your budget is, when you would like to open up shop and what areas of town you would be interested in as a potential location.
Once you've relayed that information to your commercial real estate agent they can start taking you to see all the available units in that they see and matching your checklist for properties. When it comes to operating a successful business, the right location is one of the most important factors that determines whether or not a business will succeed. Commercial real estate agents knows that, which is why they will go out of their way to help you find the perfect place. A agent that specializes in the area of commercial real estate will know that a computer repair shop won't be able attract many clients if they open up in area of town that's full of grocery stores or bakeries, no matter how nice the location or space is.
A agent may also get word of a space becoming available before the public does and knowledge like that is what makes the commission you'll be paying your commercial real estate agent worth it. They'll also be able to hook you up with contacts such as a mortgage broker or contractors that you'll need once things start rolling on the unit you're interested in buying. It might take some time until you find an office you like but try not to get too discouraged. You don't want to rush things and end up buying a commercial space that isn't right for you and your business.
CCIB.org in part is sponsored by the team at Mclennanandcompany.com.