3 Things to Look for in a Commercial Real Estate Agent
3 min read
Commercial real estate agents in Toronto are a dime a dozen; however, finding the right fit for your business needs may be more challenging than you think. If you are looking to enter or begin investing in the commercial real estate market, having the right agent on your side is essential. Why? With unmatched expertise, knowledge and resources, your commercial real estate agent will help you reach your business goals.
Below are three things you need to look for when selecting a commercial real estate agent.
Relevant Experience & Knowledge
To no surprise, having relevant experience and knowledge of the commercial real estate market is the number one thing you need to look for when selecting an agent. But make no mistake. Many agents might dabble in commercial real estate but have a strong foundation in residential. When looking for an agent, the key is to narrow down who has the most relevant experience for the particular market niche you are considering investing in. As the commercial real estate market fluctuates, your agent must be on the ball regarding changes and trends.
The Ability to Ask the Right Questions
It is nearly impossible for one individual to have the answers to everything, which applies to commercial real estate agents. That is why it is essential to look for an agent that has the know-how and ability to ask the right questions. This will help ensure a smooth negotiation process and help mitigate any potential losses down the line. You can assess if a potential CRE agent has this quality if they effectively evaluate your business needs and find a suitable solution.
A Strong Professional Network
The commercial real estate network in Toronto is robust. Between the numerous associations and platforms that allow agents to connect and learn from one another, most commercial real estate agents have a strong professional network behind them. This is not only an asset to the agent but you as well. Working with a CRE agent with a strong network will make finding, promoting, purchasing, or leasing commercial property much more effortless.
Working with a commercial real estate agent with relevant experience and knowledge, the ability to ask the right questions, and a strong professional network will undoubtedly set you and your business up for success.
Reference
6 things to look for in a commercial real estate agent. Austin Tenant Advisors Office Space Rental Agency. (n.d.). Retrieved April 5, 2022, from https://www.austintenantadvisors.com/blog/6-things-to-look-for-in-a-commercial-real-estate-agent/
About Royal LePage Commercial Westhaven
Our commercial real estate industry and segment expertise coupled with Royal LePage’s national platform and integrated systems provides best-in-class real estate strategies and a competitive advantage that can’t be beat.
We help businesses identify opportunities and maximize their return on investment with actionable goals, centralized support services and a strong commitment to customer success. Our national partnerships help us establish, guide and execute successful business investments.
We offer commercial real estate agents a professional environment, focused 100% on commercial real estate. Agents can expect unlimited market boundaries to build their business without the interference of a heavy corporate structure. In addition, agents will be able to access Royal LePage’s national referral network of over 18,000 agents to develop more business in their target markets with incoming leads generated daily. The brokerage provides agents a suite of services including marketing, promotional, networking and professional development needs.
Innovation and service excellence have developed and propelled the Royal LePage brand since 1913. When you join Royal LePage Commercial Westhaven brokerage, you have the backing of one of the most powerful commercial real estate services company in Canada—Bridgemarq Real Estate Services Inc. (formally Brookfield Real Estate Services Inc.). Bridgemarq is a leading provider of services to real estate brokers and agents. They are an affiliate of Brookfield Business Partners, a business services and industrials company focused on owning and operating high-quality businesses and is listed on the New York and Toronto stock exchanges.