What To Look For In A Commercial Real Estate Broker

If you are a new or seasoned investor who wants to invest in commercial real estate, finding the right commercial real estate broker will be key to your success. Ideally, you should look for a commercial real estate broker who has plenty of experience in commercial real estate management as well. Here are the top ten things to look for in a commercial real estate broker:

  1. Seek a commercial real estate broker who has a business background, for this broker will have a better understanding of where you are and your goals for your business investment.
  2. Choose a commercial real estate broker who is analytical enough to calculate ROI (return on investment).
  3. Ask your commercial real estate broker if he or she has purchased their own commercial real estate, then have them share that experience with you.
  4. For a valuable one-stop resource, find a commercial real estate broker who will also handle your commercial real estate management.
  5. Visit your commercial real estate broker and see how often he or she uses the latest technology to research data, create reports, communicate with prospects, and markets properties. Only choose a commercial real estate broker who is comfortable using software, computers, mobile devices, and apps.
  6. Select a commercial real estate broker that has a large enough team that there is always someone available to pick up your phone call or respond to your email in an emergency.
  7. Make sure your commercial real estate broker has enough patience and understanding of the long sales process.
  8. Judge your commercial real estate broker on how well his or her team markets the available commercial properties and seeks out tenants. Poor marketing strategies will make for poor ROI.
  9. Role play with your commercial real estate broker to see how he or she handles negotiations, conflict resolution, and high pressure situations.
  10. Request monthly status reports from your chosen commercial real estate broker so you are always aware of their progress in marketing your property.

Want to know what makes CMG special and unique in the world of commercial real estate management? The CMG team will do whatever it takes to earn the trust and respect of our customers, vendors, investors, and business community. We provide you with the best in property management service. When you choose CMG, you can rest comfortably with the knowledge that all of your commercial real estate broker and property management needs are in the hands of seasoned professionals.

Contact broker Jim Provost and the CMG team today to schedule a free consultation to discuss your commercial real estate management needs:  707.575.5500.