During a search for Chicago office space , it is very advantageous to have the assistance of a trained professional. The simple fact is that a professional knows much more about finding the ideal place for your business than you do. This type of professional is known as a tenant representative broker. These people are experts when it comes to finding the best space in the best building for the lowest price. Having one of these people on your side could save you literally thousands of dollars. Here are a couple of the biggest reasons why tenant representative brokers are so valuable.
Understanding of the market and the players
While the Internet can provide you with some useful information, this pales in comparison to the information that a tenant representative broker has gathered during many years of working in the same city with the same people. You can’t put a price on this level of knowledge, and it is something you will never be able to find online, no matter how much searching you do. This person will be able to steer you away from certain buildings where the landlords are unreasonable. They can examine your rental agreement to determine if there is a fair escalation clause. Your tenant representative can also prevent you from being ripped off when it comes to utilities.
Their services are free
You have absolutely nothing to lose and everything to gain by using the services of a tenant representative. This is because you will not need to pay them anything. Their fee is from the money that the broker for the landlord would have received. The landlord is the person who must foot the bill for the tenant representative’s service, not you.