Whether you’re an investor, a property owner or a user of commercial real estate, it’s important to understand the difference between a commercial real estate advisor and a broker. The terms are often used interchangeably, but the differences in positions, responsibilities, education or licensing, and expertise can make a big difference when it comes to the success of your business and your real estate investments.
Commercial real estate professionals specialize in nonresidential real estate, which includes offices, industrial, retail, multifamily and medical buildings. They work with investors to purchase or lease these properties, as well as assist users of commercial space in finding the best locations and analyzing their options. They may also provide advice on how to improve or expand a business, re-structure or relocate to accommodate growth. Also read https://www.qualitypropertiescashbuyer.com/
In addition to market research and financial analysis, a commercial real estate advisor will have extensive experience in leasing and contract negotiations, tenant representation, landlord representation and property management. They will also have a solid understanding of local market trends, zoning laws and environmental regulations that could impact future investment opportunities.
The real estate industry touches virtually every aspect of business in the United States and much of the world. You can’t open a store without a commercial building, your employees can’t work at home or out of the office without the right space and your company probably wouldn’t survive for long if you didn’t have the proper real estate for your operations.
Real estate decisions can be among the most significant financial and business decisions a person or business will ever make. An advisor’s job is to help a client understand these decisions and the impact that real estate will have on their short and long-term goals.
Unlike brokers, who focus on executing a transaction, advisors will start with a company’s goals and then find the right real estate to meet those goals. They will consider everything from how a location will impact employee satisfaction to how changing environmental regulations will affect cost. An advisor can recommend a variety of services, including commercial appraisal firms and inspection contractors.
A career in commercial real estate involves significant time on the road and working outside of normal business hours. The responsibilities can be demanding, but the rewards are substantial. Professionals that have a passion for the industry and are driven to achieve results will thrive in this field. Cresa, one of the fastest growing occupier representation firms in the country, is currently seeking a self-motivated and energetic Commercial Real Estate Advisor for its Baltimore office. Candidates will receive sales training the Cresa Way including written sales manuals, mentorship with a senior broker or Managing Principal, involvement in teams and regular sales meetings. Contact us today to learn more about this opportunity.