Finding and leasing office space does not have to be a challenge with a reliable real estate brokerage firm by your side. No matter how big or small your business is, investing in tenant representation when searching for an office, retail, or industrial space is a must because it helps companies lower rental or purchase costs and expedite the search for office space. Here are the top 3 ways a brokerage firm can help your business:
1. You have a contact person that negotiates on your behalf.
Working with a good broker would help you narrow down available listings according to your requirements -- working with a good brokerage firm, on the other hand, would ensure that you get the best options available as well as the best deal for a property. Brokerage firms represent both the landlord/seller and the lessee/buyer; they are impartial when it comes to transactions, ensuring that you are properly represented.
2. You can get access to extensive market knowledge in the Philippines.
You might be able to find good office space options through ads online, but the problem is you do not know how accurate the ad is about the property. You also wouldn't know if is stigmatized, meaning that the property has a lower value because of its haunted nature or violent history, so it's possible for you to pay more than you're supposed to. If you are a foreigner or a first-time investor in the country, it's possible for a landlord to charge you higher rental rates and at the same time, you also have no knowledge about the building i.e. how utilities are billed, how old or new it is, etc. With a brokerage firm by your side, you would be able to determine the economic impact of moving into a certain office space and accurately measure on whether it suits your company's requirements and budget.
3. Your business can save money.
Working with a tenant representation brokerage firm will ensure you get the best value for your money. Because the firm looks at your requirements from a business perspective, it will select through prospective properties with the priority of getting you the best deal possible. Its market knowledge, vast property network, and strong relationship with landlords will also be helpful during negotiations regarding price and other aspects of the transaction.