FAQ
What is commercial real estate?
Commercial real estate is any non-residential property used solely for business purposes. If the real estate makes money, is rented out, used for investments, or falls into a number of other categories other than being a private residence, it can be considered commercial real estate. It covers retail properties, office buildings, shopping centers, hotels, warehouses, manufacturing facilities, apartment complexes, and vacant land that has the potential for development. Even a single family home can be labeled commercial real estate if you buy the home for the purpose of renting it out and generating an income, or if you own the home and convert it into an income-generating property.
When and why should I hire a commercial real estate broker?
Hiring a commercial real estate broker can save time and money in your search because a good broker knows the properties, landlords, buyers and sellers. You are involved in these transactions every now and then, while a broker does this every day. A good commercial real estate broker understands the total cost of the transaction and can help negotiate a deal that best suits your needs.
How can a commercial real estate broker work as both a listing agent and tenant rep?
While some brokers specialize, most brokers work as both listing agents and tenant reps. A commercial real estate broker who is a property listing agent is working for the property owner. If you hire a tenant rep that also has listings, you need to know what listings they have and what conflicts that might create.
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