I had the pleasure of being a commercial real estate agent for a company that needed to lease industrial warehouse space in Fort Lauderdale for their epoxy distribution business. They found me online as a commercial Realtor with warehouse leasing experience. They called me from out of the country, Canada to be specific. They gave me their space requirements and the economics they could afford. They flew in and I picked out half a dozen warehouses that I thought fit their needs.
Commercial Real Estate Zoning
It’s important when searching for warehouses to cross check the uses and zoning rule that way the business knows if they can legally operate in that facility. Classification of zoning may not always work. I use a site called Municode to qualify a property. If you are a commercial real estate agent this is a must! I think it’s extremly important when working with Realtors that you use a commercial real estate agent.
Back to the story; we ended up submitting an offer on this amazing 7,000-square-foot warehouse including 2,000 square foot mezzanine. The negotiation was really a back-and-forth process for many months. It started out with a letter of intent, which ultimately led to a lease. I recommended an attorney to my client who helped him negotiate with the seller’s attorney who was easy to deal with, but the lease was superfluous, lengthy and filled with inaccuracies. Ultimately, we got the deal done and everyone was happy. I really enjoyed the process, the warehouse is beautiful and my clients were awesome to deal with.
Hiring a commercial real estate agent
Using a commercial real estate agent is crucial for several reasons. First and foremost, these professionals possess specialized knowledge and expertise in the complex and dynamic commercial real estate market, which can be overwhelming for individuals without a background in the industry. Agents have access to a wide network of contacts and resources, enabling them to identify and secure the most suitable properties or tenants efficiently. Their negotiation skills are invaluable in ensuring favorable deals and navigating intricate contractual terms. Moreover, commercial real estate transactions involve legal intricacies and financial considerations that demand a nuanced understanding, and agents can guide clients through these complexities, ultimately minimizing risks and maximizing returns. In essence, the expertise and support provided by commercial real estate agents are instrumental in achieving successful and advantageous transactions in a competitive and intricate market.
Adam Docktor
Native Realty
