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Tag: commercial tenant improvement

Top Leasing Tips for Commercial Space Tenants

To deal with corporate real estate, it is important to hire a broker as a tenant, especially since real estate is the second-largest expense on a company's income statement after positions. Companies save thousands of dollars by hiring tenant representatives to act as external company real estate departments.

If you think you can save money by not hiring a tenant representative, think again. The listing agreement compensates the owner broker for a "normal" industry fee, which the owner broker shares. It is always advisable to hire down-to-earth and true builders for your projects.

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The landlord's agent does not want to have a renting agent so he can receive the full cost even if the landlord's agent does not represent the tenant. 

There is no discount for tenants if you do not hire a tenant representative, as the full commission is paid for each ad, regardless of whether or not you are represented by a tenant representative. 

The savings that rental brokers make are usually between 15 and 40 percent of the cost of accommodation. Understand your goals: Most tenant representatives undergo detailed needs assessments with corporate clients to understand their company's strategic needs and how the corporate real estate component can help them become more competitive in the market.