5 Questions to Ask Before Hiring a Leasing Broker - Episode 11 Podcast

Thanks for following us! This is Episode 11 of our Industrial Real Estate Podcast. We are discussing the top 5 questions to ask when hiring a new leasing broker, or a broker for a sale of an industrial building. You can read our article on our Blog page under our website: www.warehousesmarket.com/Blog

Here are the questions to keep in mind.

1. Does this leasing firm have a good reputation?

Do your research online, check for what they've done and current listings.  Ask list of deals. Also references you can rely on. Be sure they don't have conflict of interest by having competing properties.

2. How well does this firm know the local market?

Check how long the firm has been in business. Ask about lease rates, sale comparables. Plus what target tenants or buyers they'll target.

3. How well does this firm know your specific property type?

Do they do all real estate, commercial or only industrial? Your property requires attention so be sure the agent specializes on your property. In many markets, including Miami, residential agents tend to list commercial properties. This can create delays and mis-pricing of properties as these agents are not experienced on commercial real estate. 

4. What channels would the broker use to market your property?

As to show you a map of all marketing outlets they’ll use.

5. What other services does this brokerage firm offer?

Do they have a networks of service providers? Including management company, contractors.

 

Featured Property: 405 E 10th Ct: +/- 40,000SF. For lease in Hialeah. Only $8/SF Industrial gross.

 

Industrial Tip: When selecting a broker to do the leasing and/or sales, consider choosing a team, rather than individuals. This will ensure your property is well serviced and exposed.

 

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