THREE HACKS TO SCORING A LOCAL COMMERCIAL REAL ESTATE DEAL
Multifamily, office building, industrial facility, or retail, no matter what type of commercial property you seek, several techniques (that the insiders use) can help you land a lucrative deal! Today, we share three top hacks that professional real estate speculators may be trying to keep to themselves.
#1. SEARCH LOCAL BROKERAGE WEBSITES, NOT NATIONAL
A local commercial real estate brokerage website is often maintained, in real-time, by the local agents and employees of the firm. Unlike national listing websites, the data is more likely up-to-date and complete with additional supporting documents such as listing flyers, other photos, and direct contact information for the current listing agent.
#2. CONNECT WITH LOCAL COMMERCIAL REAL ESTATE AGENTS
Who knows more about the market than an experienced commercial real estate broker local to your geographical area of interest? Local brokers dominate landlord relationships. They are closest to the off-market opportunities. They understand the local comps, economics, and planning board intricacies better than anyone else.
#3. UNCOVER MOTIVATED SELLERS
Opportunists know this game best, but to get a head start, you must first connect with someone who can inform you that a commercial property has dropped to a price under market value. It is as simple as subscribing to a local company’s property listing email blast and watching for that essential phrase, “Price Reduced,” to flash across the screen. Once you see it…pick up the phone and call the listing broker. ASAP!
Are you looking for a commercial real estate deal? Keep these tips in mind as you begin your search and head over to www.pyramidbrokerage.com to get started today!
Director of Marketing, Research & Social Media
Cushman & Wakefield /Pyramid Brokerage Company
Elease is a dynamic leader and digital media strategist with 23+ years of professional marketing experience. Mrs. Stewart graduated Magna Cum Laude from Excelsior College in Albany, NY. She holds a Bachelor of Science in Business with a concentration in Marketing and has been an active Phi Theta Kappa honor society member since 2003. Connect with Elease on LinkedIn.