Finding the right commercial real estate broker is one of the most important decisions you can make when buying, selling, or leasing a commercial property. The person you choose to work with can significantly impact your acquisition deal terms, lease rental rates, and return on investment, so it quite literally pays to do your research. The good news is, there is an abundance of Denver commercial real estate brokers, so the right fit for you is out there somewhere! It just might take a little bit of research.
Luckily for you, we’ve put together the top tips for finding the best commercial real estate broker. Stick with our tips and you’ll find the right broker for your needs in no time.
Prepare some guidelines
First things first: you’ll want to take the time to prepare some general guidelines for your real estate needs. Before you even start reaching out to brokers, you’ll need to determine your budget, ideal and secondary location, and unique space requirements. This will help your broker discover and pinpoint accurate listings from the start for your next potential space.
Ask for referrals from family and friends
When it comes to searching for real estate brokers, it can be difficult to know where to start. A simple Google search for “Denver commercial real estate brokers” will reveal hundreds of thousands of search results. If you’re looking for a less overwhelming starting point, we recommend asking for referrals from your trusted family and friends that share your approach to business, money, and values.
They’ll be able to provide insight into brokers they’ve worked within the past and can give you honest feedback about their experiences.
Read online reviews, customer testimonials, and case studies
The best commercial real estate brokers should have plenty of positive online reviews, customer testimonials, and case studies. Reading through these can give great insight into a broker’s customer service, industry knowledge, and ability to successfully close a deal.
Inquire about their area of expertise
Commercial real estate is a pretty broad term. Typically, commercial real estate includes office, medical office, industrial, retail, hospitality, and multi-family investments. If you’re in search of new office space, you’ll want to work with someone who has a considerable amount of experience in that specific concentration. If the broker you’re considering has exclusively worked with industrial real estate, they probably won’t be the best fit for you and your needs. Also, if a broker typically represents landlords (leasing agent), you should consider a professional that focuses on representing tenants (tenant rep agent).
Ensure they have the necessary tools to represent you well
Working with a commercial real estate broker who has access to the right tools is imperative for your success. As you conduct your search, you’ll want to ensure your broker has access to market information that will allow them to adequately represent you. At the very least, your commercial real estate broker should subscribe to Costar, CREXi, and Loopnet.
It’s also wise to check to see if the broker is a Certified Commercial Investment Advisor (CCIM). Real estate brokers with this distinction show that they’ve completed advanced coursework in financial analysis and market analysis and that they have extensive experience in multiple areas of commercial real estate investment.
Denver commercial real estate brokers you can count on
If you’re ready to start your search for Denver commercial real estate brokers, look no further than Fountainhead Commercial. With combined commercial real estate experience of almost 40 years, we are your trusted source for tenant representation, landlord representation, and investment expertise surrounding 1031 exchanges as well as sale-leasebacks.
Contact us today to learn more about our commercial real estate services.
