I am looking for commercial space, should I search online and contact people on my own or engage a qualified professional to help me?
Its always a benefit to conduct an online search to get a feel for the market and this website has an excellent tool to do a widespread search.
The benefits to getting representation are: as a licensed professional I have access to all databases, know of tenants who might be leaving a desired space well in advance, understand all the nuances of a negotiation, have a full understanding of lease terms, bad and good, can quickly find the right properties, and best of all is that 99% of the time there is no cost to the tenant.
How does the commercial real estate industry work?
For instance, when a person wants to sell a building they own, they engage the services of a Broker for a fee. The fee is paid at closing so no funds are due up front. The broker does a valuation, then the seller and broker agree to a list price, then the broker packages the property with a full marketing package, e-flyer, web marketing, email databases, signage, and more, then the Broker finds a buyer, does the paperwork, and closing.
Do you list residential real estate?
In Alaska there is one license to have a real estate practice, however residential and commercial are so different that I would be very wary of someone who does both.
As a CRE professional how do I get paid?
Brokers receive a commission once the lease or sale has closed normally at closing but there are a few variations. For a lease the commission is normally based up on a percentage of the lease value aggregate.
Why should I use a broker if I have an attorney?
In dealing with our knowledgeable broker team, we are a vital part to your successful business plan. We offer instrumental Alaska regional comprehensive marketing expertise and valuable resources to ensure maximum results in every lease transaction.
Do I need a broker to help me find space?
No. Any one can search for office space if they have the time to spend away from their business. We offer a comprehensive search component on our website HERE. A broker however, does so much more that just find office space. A broker uses expertise in the leasing process. A broker starts with a good understanding of your business and gives you advice as to the best space suited for your business. A broker then uses inside resources to locate the best space available that offers a good deal. A broker seeks out the best terms and rental rates. A broker stands beside you from the time the search begins until the lease is signed.
I'm thinking about moving my office or leasing a new office. Where do I start?
The first thing is to decide if moving into a new space is the right choice. Ask the following questions:
- Do we want to find space on our own or hire a tenant representative to assist us?
- Is it a good time to move?
- How important is location?
- How much space do we need?
- How much can we afford?
- On what date do we need to move into a new space?
- How will the new space benefit the company and its future?
What does it cost to move?
- What else is involved in moving (furniture, phones, computers, copy/fax/postage machines, internet access, etc.)?
- Can we afford to lose business or employees during the transaction?