In this weeks installment of the Tenant Tips will discuss how to be a great Tenant broker.
This is my Top 10 list to discuss how to be a great Tenant representative broker. On a macro level the Tenant Rep always looks out for the best interests of the Tenant. Remember the Tenant comes first, not your listings, not just the easy sites, and never the fee. Ask yourself “what would I want done if I was the Tenant”? Every tenant has a specific set of criteria for a location. While the criteria may vary from tenant to tenant the process of being a great Tenant Broker does not.
Top 10 steps to being a great Tenant Rep broker.
The excuses are so easy. I don’t have time for this social media crap because I’m a deal maker! MOCIAL is for those marketing types whose full time job is to run a twitter account or Facebook page. I’m just not nerdy enough to go. I’ve never needed it before.
If I’m completely honest, I wasn’t really sure what I was getting into when I registered for the conference other than a little work and a few days vacation in Austin, Texas. My good friend @Vinzani had been and said it was eye opening and I trust him. Austin is the live music capital of the world and y’all know how I feel about that!
Coastal Tides Retail Newsletter – August 2014
The Holy City has done it again! For the second consecutive year, Charleston has been chosen as the “Top City in the United States and Canada” by Travel + Leisure’s readers. Just as impressive, the city was also picked as the second best in the world. Read More
TINA Stephens opens at 278 King Street
TINA Stephens™ announced the opening of its newest retail location
National Tenants Compete for Limited Retail Space!
- Market vacancy rate is down to 6.32%. Downtown vacancy rate is just 3.56%. Rental rates averaged $17.72 per square foot for shop space with some tenants seeing rates as high as $77 per square foot in the Downtown submarket.
- The retail market is becoming a landlord’s market as available retail space runs scarce.
- The trend of recycling retail space continues. New development activity is picking up.
- New restaurants make Charleston debut.
- Job creation is driving the suburban retail market attracting grocers, restaurants and sporting goods stores.
In this week’s Landlord Tips and Tenant Tips we will discuss HOW and HOW MUCH Commercial Real Estate Brokers get paid.
Thank you all for the great comments last week on Steps to Hiring a Commercial Real Estate Broker; THE Checklist Once you’ve decided to hire a broker (Click here for THE Checklist), and selected one you can hold accountable it’s time to understand how we get paid and when it’s due.
Before we dig into the WHEN, and HOW MUCH know that this is my full time job. I am a professional. Think of me as a paid consultant like other professionals. Your Doctor, Lawyer, CPA or other service provider. This is how I feed my family. This is my Career. I am paid 100% on commission earnings. I pay my own expenses. There is no bi-weekly paycheck, expense account or company car. I sell my knowledge, expertise and my time to meet your real estate goals.
First you RECOGNIZE you need a professional. It may hit you like a ton of bricks or it may have taken you years with no results to arrive at this decision. You may be a Landlord who needs to lease vacant space or sell a property, or a Tenant interested in a new location or a renewal of a current one. The good news is you’ve completed the hardest part!
Doesn’t matter how you got here, it only matters that you have (or almost have). Check that off your list and move to the easy part. Second step is