There is a lot that goes into finding the right real estate solution in Houston, Texas. It may be the case that you lack the resources needed to obtain the best deal possible. When you lack resources, you also lack confidence. However, renting real estate space for a business does not have to be complicated or stressful. A tenant representation broker—otherwise known as tenant advisory—will be the one to revive your sense of confidence so that you can continue to take your business to new heights.
As the name implies, a tenant rep handles the tenant side of commercial real estate transactions. They will assist you through the entirety of the leasing process. With a tenant rep, you get all of your real estate questions answered, whether you are deciding to renew your current commercial property or relocate. Take a look at how a tenant rep in Houston can help guide you through your decision-making process.
With residential real estate, it is easy to look up houses on a Multiple Listing Service (MLS). An MLS is a database that is created for real estate brokers to share information about properties. This way, they can help their clients buy and/or sell. But commercial real estate is different. There is no central repository for the available commercial space. With that in mind, getting a tenant rep in Houston will be very beneficial in terms of not just clarifying what properties are currently available, but also which ones are going to be. They have insider knowledge about who will be moving before properties even hit the public market. So, just keep in mind during your search for commercial real estate that the best spaces aren’t all located on the surface.
Think about certain phrases that your industry uses that may confuse others. Real estate is the same way in that it has its own language. For instance, do you know how valuable a triple net lease is? If you go into a commercial real estate deal with minimal understanding of the jargon, you could end up overspending on a property. A tenant rep in Houston adds a lot of value to the transaction process because they are highly knowledgeable about the terms within the lease. They also know what kind of detailed information must be asked for. Paired with their experience with the market, this gives you a considerable amount of leverage during negotiations.
When choosing to relocate, it is likely that you already have a list of requirements that your commercial space needs to meet. Be vocal about these to your tenant rep in Houston. Doing so will help them prioritize certain factors during their search for your perfect property. Your tenant representation broker’s first job is going to be to perform a site selection, which is based on your outlined requirements. They will survey the market to see what is available in your particular submarket. In a commercial real estate context, a submarket is a smaller defined area, such as a neighborhood, within the larger market. Submarkets vary in regard to building types and average asking rates. Next, your tenant rep will take you on tours to the top selections to give you a better feel for them than what is on paper.
Tenant reps in Houston keep your best interests as their number one priority. They use your company data to understand your needs. With this data, tenant reps are even able to assist with space forecasting years into the future. Estimating what size building you need is a challenge considering you may not be sure of exactly how much space is needed. Luckily, your tenant rep has everything under control. It does not matter whether your business is a startup or an established company. By compiling your current number of employees with your expectations for company growth, your tenant representation broker will be able to guide you toward the right office layout and square footage. Further, they can help you determine whether a Class A space is genuinely worth the cost premium so that your money is well spent.
For those just now moving to the Houston area, it may be the case that you currently lack connections in the real estate space. This means that you have limited support and could face the challenges that come with difficult landlords. However, tenant reps in Houston already benefit from working with a team of experts to make transactions as smooth as possible. Let them help build you a skilled team of architects, construction professionals, and real estate attorneys that are physically proximate to your ideal properties.
If you are planning on tackling the search for a property on your own, know that there are several steps. You are a busy professional. Therefore, you may not have the time in the day to devote to researching commercial property and communicating with landlords. And you certainly won’t have the time to facilitate the process of due diligence while working on the lease. Pass off these tasks to a tenant rep in Houston. They will work hard to negotiate terms based on points that are important to you as the tenant. All you have to do is go on tours to select properties, make the ultimate decision, and sign. By the time you do have to sign the lease, you will be able to do so with confidence, in a fraction of the time.
Commercial Industrial Properties is home to some of the best tenant reps in Texas. Whether you are renewing, expanding, contracting, or relocating your business, let us take some of the stress off of your shoulders. Our tenant reps are well-versed in the tricks of the trade. We will work closely with you to facilitate a seamless closing. If you are a business owner or facility manager, consider our team for all of your real estate needs. Contact us today to get started with our tenant services.