When you work in commercial real estate brokerage, it is essential that you analyse the local property market consistently and continually. In doing that you can identify changes and pick the trends of change that can lead to more listings and better commissions. It is a fact that the property market will change frequently across…
In commercial real estate brokerage, every agent should have a business development area to focus within. Inside that zone or precinct opportunities can be developed in sales, leasing, and property management. The area of the zone should not be too large and ideally should contain approximately 2000 properties. On a ‘street by street’ basis the…
It is easy to fall into a listing slump or an industry downturn in commercial real estate brokerage. Plenty of people will put pressure on you to do things for them and diver t your business day. As you get busier with listings, those pressures increase. All of a sudden you have little control on…
As a commercial real estate agent or broker, you really do need to be prepared for the difficult clients and the characters they present to you as part of the property negotiation. In any property transaction be it for sale or lease, there will be plenty of pressures on the clients and the buyers or…
When you are struggling to find new listings in commercial real estate there is generally a simple issue holding back your efforts. Far too many real estate agents blame ‘outside issues’ such as the property market or the competition for difficult listing conditions and low commissions. In many cases those ‘outside issues’ become excuses for…
In working as a commercial real estate broker or agent, you should have some definite strategies devoted to marketing at a personal level. The brokerage that you work for will have little to do with the amount of enquiry that you achieve and listings that you convert. Success in the commercial real estate industry is…
Given that the commercial property market is forever changing, set aside a couple of hours each week to brainstorm new prospecting activities and market segments. If you track and measure the results you are achieving locally, you will soon see the things that are working for you in attracting new business. The brainstorming process will…
There are many ways to approach and create opportunities in the commercial real estate industry. Part of the process should involve identifying and connecting with qualified property buyers in a regular and ongoing way. There are some ways to do that effectively and to keep control of the information that you give out. One very…
Explode Your Commercial Real Estate Commercial Real Estate Market Share Just about every agent will say that they are an expert in the field of commercial property within their town or city. The fact of the matter is that they really need to prove it comprehensively as part of their professional and personal marketing process. …
When you work in commercial real estate brokerage, beware of property owners that will only ‘open list’ their property with you. I say that for a number of reasons but principally because a client in not giving you exclusivity cannot in my opinion be fully trusted; they are likely to have a few other agenda’s…
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