In any new project of expansion, change, or renovation in a commercial investment property, the cost estimates should be carefully considered and compared to the prevailing market conditions. Take a conservative viewpoint when it comes to estimating the costs and the expected results of any project involving property upgrade. Far too many landlords and property…
In commercial real estate throughout the year there will be times when listings seem really hard to get. Seasonal property activity and even the local climate can create that problem. Holidays and local festivities change the focus of businesses, property owners, and investors. So you should expect some challenges like this when it comes to…
It is just so easy to lose focus in commercial real estate brokerage. When that happens, slower listings and poor inquiries are usually the result. The main way to get anywhere successfully as a broker or agent is to control your focus in a positive way. Directed action and a personal positive attitude to the…
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…
As a commercial real estate agent specialising in leasing and property management, you should talk frankly and directly with landlords about the prevailing market conditions. Be honest and confident when it comes to providing recommendations and strategies relating to solving vacancy issues, improving market rentals, and changing the tenancy mix. It should be said that…
The most important resource at you have in commercial real estate brokerage will be that of time. How you choose to use your time personally will have a great impact on the results that you achieve with listings, clients, and commissions. It is very easy to be distracted or diverted as a commercial real estate…
As an agent or a broker in commercial real estate, you should be selecting your clients carefully with due regard to ongoing business, the size of the property opportunity, and the realistic expectations of the clients. When you select a prospective client to work with, make sure that you are relating to the right decision…
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…
To make things happen as a real estate agent it is best to understand and create the workspaces that can help you with the business communication and results that you need. Essentially the nature of the business and the people that we meet creates specific workspaces and they are: The office Your car Your computer…
If you have taken on a commercial real estate listing for selling or leasing, it’s important to note that even if the marketing of the property has begun, you must still ensure that the client is aware of the current market conditions. It’s common for clients to have unrealistic expectations about their property’s potential in…
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