Typical San Antonio, TX Tenant Representation Questions and Answers
San Antonio, TX Tenant Representation – Typical Questions and Answers -
Q— If I engage a commercial real estate agent to represent me, do I have to pay them?
A—No, the landlord’s listing agent (one who typically advertises the space by posting signs in front of buildings, working on behalf of the landlord /owner) obtains a listing agreement from the property owner that covers compensation for your (tenant’s) agent’s commission. This is a very similar process to when you purchase or sell a home.
Q—I can’t decide if I should lease or own. What should I do?
A—There is no “box” answer for this question. Your San Antonio, TX Tenant Representation broker’s job is to help you to find “your” answer. Your broker can help in compiling all potential (both on and off market) properties in your desired area both for lease and for rent. Once the properties are compiled, he or she can assist in detailed financial analysis comparing the benefits and negatives to leasing or owning. Once your broker fully understands both the short term and long term financial implications of this analysis, he or she can assist in the analysis of other important business concerns that can aid you in finding “your” decision.
Click here to read an article tittled “Should I lease, buy, or build my next office space?” that goes through some of the topics you need to consider when making this decision.
Q—Does it matter what type of business I am in when analyzing my site?
A—-Yes, if you are a retailer you could need demographic and traffic count analysis assistance from your San Antonio, TX Tenant Representation broker. If you are a part of a physician group, you might need help analyzing patient zip codes and drive times to local hospitals. If you are an industrial user, you could need assistance with clear heights and overhead door (grade versus dock) requirements. If you are an office user it could be important to determine whether the property’s “add-on factor” is in line with other buildings in the market area. Much like you would hire an expert physician if you needed surgery or the best possible attorney if were involved in a law suit, it is our recommendation that you hire an expert to represent you in your leasing journey.
Q— What does triple net mean?
A—Triple NET or NNN refers to the landlord’s reimbursement of expenses from the tenant for Common Area Maintenance (N1 = CAM), Property Taxes (N2), and Property Insurance (N3). You will find many triple net leases in commercial real estate properties largely because of the ease of investment analysis in acquisition/disposition. If you were to sign a triple net lease, you pay the landlord base rent plus these additional expenses to have the right to lease your space from them. Most retail leases are triple net and we are starting to see a trend for other types of product (health care, general office, and even some industrial) to go this route. Modified Gross, Full Service, double net, and a variety of other leases are common in the marketplace today. The key is hiring a San Antonio Tenant Representative that can educate you so that you can make a better decision for your company.
KW Commercial SA’s San Antonio, TX Tenant Representation Services:
Contact a San Antonio, TX Tenant Representation Expert:
Contact Luke LeGrand, ePRO via email @ firstname.lastname@example.org or call 210-843-5853
or Link LeGrand, CCIM via email @ email@example.com or call 210-789-5465
See below for helpful Commercial Real Estate links:
San Antonio, TX Tenant Representation