A commercial tenant advisor is a licensed real estate professional who provides advisory and representation services to businesses and other organisations seeking to lease or rent commercial real estate space. Commercial tenant advisors help their clients to identify and secure the best possible commercial real estate space for their specific needs, at the most favourable lease or rental terms possible.
Commercial tenant advisors typically work with their clients to:
- Determine their commercial real estate space needs: This involves assessing the client’s business requirements, such as space size, location, amenities, and other factors that are important to the client.
- Search for available commercial space: Tenant advisors research the market to find available commercial spaces that meet the client’s needs, and may also have access to off-market spaces that are not publicly advertised.
- Evaluate and compare available commercial spaces: Tenant advisors assist clients in evaluating and comparing available commercial space options, analysing key factors such as lease terms, rental rates, building condition, and other important considerations.
- Negotiate lease terms: Tenant advisors work to negotiate the most favourable lease or rental terms for the client, including rental rate, lease term, and any other concessions or incentives that may be available.
- Oversee the leasing process: Tenant advisors help their clients to complete the leasing process, from submitting the necessary paperwork to finalising the lease agreement, and can provide advice and guidance throughout the process.
The goal of a commercial tenant advisor is to help their clients find the best possible commercial real estate space to meet their business needs, while also protecting their interests and ensuring that they get the most favourable lease or rental terms possible.
