From a Leasing Agent's perspective one big thing to consider that the "right answer" here depends on the type/class/size of the property in question. If you are leasing to small shop business owners etc, you can probably handle it yourself and the value an agent brings to the table is more stress saving than money making. However, if your property is the type that can serve a regional or national business/retailer, the value an "professional" agent can bring to the table can be very large, mainly from their experience and ability to reach out to prospective clients. On the retail side, I know of many national retailers whose representative will only work with a landlord that has a leasing agent due to the complexity and scope of some lease and buildout projects. In short, I agree with what others said, you need to make sure they agent is going to add tangible value.
Oct 19, 2009