How do you evaluate commercial brokerages to help you find office space.

I'm fairly new at this and I don't know which firm will be better for now.
In Leasing Property - Asked by Larry L. - Oct 1, 2008
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Answer(s)

Angelique Marie S.
Broker/Agent
Miami, FL

Please e-mail me at angelique.salas@am.jll.com
Larry-
There are only a few companies out there that REALLY understand the complexities that are involved with office leasing. Partnering with the right company is essential to a successful lease transaction. A knowledgeable leasing broker can save you and your company a lot of money and headaches. There are a few factors that will set a true office leasing specialist from other commercial brokers; they should be able perform thorough lease financial analysis and explain their conclusions and recommendations to you as their client. They must have strong market knowledge, specialize in office leasing (preferable a CCIM designee) and work for a reputable fortune 500 real estate company. There are several key steps in analyzing and negotiating a lease. They should have the ability to read and really understand a lease, meaning they know the ins and outs of lease contracts and are able to recommend modifications such as; omitting or adding important clauses to a contract to protect your interests as their client not the landlord.
Shoot me an e-mail if you would like more information or any recommendations. My e-mail address is angelique.salas@am.jll.com. I don’t think its proper to list my recommendations online. I look forward hearing from you soon.
Angelique

Oct 10, 2008
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Juan G.
Broker/Agent
Ontario, CA

That previous suggestion is BS. No one with a CCIM designation will waste their time on small time deals like looking for an office space. Fortune 500 company does not mean anything, ITS ABOUT THE ACTUAL AGENT NOT THE BROKERAGE. As an established listing broker I can tell you that the best tenant brokers I run into are the ones who are young and enthusiastic and know the area. The older brokers haggle too much for tenants and get turned away because they try to show off and ask for ridiculously high commissions. Do not be foolish enough to trust a tenant broker to review a lease for you, have an attorney review your contracts.

Oct 21, 2008
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Gregory T.
Broker/Agent
San Francisco, CA

Larry- I agree with Juan. It is really about the individual agent who is looking at space for you. Trust your instincts, if you don't like them - don't work with them.
Juan is also 100% correct to tell you to NEVER rely on a broker to review a lease agreement for you. If after reading it yourself, you do not feel like you understand it, you should show it to your attorney. Office Space is likely a huge part of your budget, and a decision that is much too important to take any chances with.
Also, it really depends on how much space you need. If the space is small, you are likely better doing a little looking yourself. If you live in a large city, look on craigslist, which is a community site where Landlords and Broker's can post their listings for free.
(Because the word FREE is in there, it has become the primary place people post small office and commercial spaces for lease... at least in my area)
Good luck.... Take your time, don't be rushed, and don't sign anything you don't understand and you will be fine!

Oct 22, 2008
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