- How much space do we need?
- How much rent can we afford to pay?
- How important is location?
- When does my new space need to be ready?
- Have I taken into account everything that is needed in my new space (furniture, phones, computers, copy/fax/postage machines, Internet access, etc.)?
- Do I want to find the space on my own or hire a tenant rep to assist me?
Then, it's time to consider hiring a broker. Often, it is best to use the process of elimination and look at the three things to avoid when hiring a CRE broker:
- Don't choose a broker without first checking client references. Despite high school being over, reputation does matter. Check firsthand with the people who work with your potential client. They will be the best indicator of what kind of reputation and history your potential broker bears.
- Understand what properties, if any, a broker has listed that could create a potential conflict of interest. Make sure that you study your potential broker's list carefully to ensure that they have your best interests at heart. If a conflict does come up, how is your broker prepared to handle it?
- Don't hire a broker if you are unsure about moving. Moving is a decision that should be made on your own without the influence of a broker.
Mirabile M.D. Beauty, Health and Wellness