Choosing the right team to help you with commercial real estate in Vancouver happens to be one of the first and one of the most critical steps of the process. Whether you are going to be looking into real estate leasing, commercial real estate buying, lease renewal negotiations, or subleasing, the best commercial real estate team for the job will help you to make sure that you go about the entire process the right way.
Whether you are a potential buyer or tenant of commercial property, you need to take advantages of the professional services and experience that only a commercial real estate agent can provide. This is a process that can be both time-consuming and risky, so you need to know that your money is well-spent in all of the right areas. These are some of the things that you can do to make sure that you pick the right person or team for the job:
Do Your Due Diligence
Make sure that you are taking the time to look into the different brokers for commercial real estate in Vancouver to find the right person for the job. This means reading up on brochures and other promotional literature they put out, online reviews, past closings listed online, and more.
Length In Business
You need to know that there are a lot of brokers that may move quickly from residential real estate to commercial real estate as a way to try to make more money fast. However, there is a lot more to commercial dealings than residential, so they will often find that they quickly get in over their head. Make sure that the team that you choose has been working in commercial real estate for quite some time and that they have plenty of experience to get you the results you are hoping for.
Get To Know Their Staff
Whenever possible, you want to know that you will have the level of professionalism and attention that you need as a client. Behind every great real estate broker working in commercial properties will be an excellent support team. Learn more about the team behind the scenes, find out how well they maintain relationships and get some insight on who will be assisting with each transaction to ensure a smooth process.
What Falls Under Commercial Real Estate?
There are several sectors that fall under commercial real estate, including office, retail, industrial, multi-family, hotel, and particular purpose.
Is Commercial Real Estate Cheaper Than Residential?
All in all, commercial property is far more expensive than residential properties for several reasons. To start with, you have the percentage of the land that is allocated for commercial use is often less. The rent will usually be higher for commercial properties over residential, and there is a great deal of competition amidst investors looking to acquire these properties.
If you are interested in buying or selling commercial real estate in Vancouver, we want you to know that we are here to help at Vancouver Commercial Brokers. We invite you to give us a call so that we can learn more about you and your needs and go over some of the properties that we have had the pleasure of dealing with in the not so distant past.
Vancouver BC V6E 1T7