Commercial Real Estate FAQs

Often times, people believe that leasing a commercial property is no different than leasing a residential one. However, these are two completely different industries that have their own unique processes and rules. Leasing a commercial property can be overwhelming if you aren’t familiar with the industry. Here are some of the FAQ’s people have about commercial real estate.

A commercial property consists, in the state of Maryland, of any real property that has been used for office, retail, warehouse, and even residential above four units.

What’s the Difference Between Commercial and Residential Real Estate

While there are some similar concepts between commercial and residential real estate, there are also key differences. In the commercial real estate business, leases and their content are never standard.

Commercial leases are typically longer than residential ones, ranging from 3-10 years on average. Residential tenants often have more consumer protection rights than those in the commercial business. Commercial leases tend to require additional legal review over residential leases.

What Does a Commercial Real Estate Broker Do?

A commercial real estate broker, also referred to as a commercial real estate agent, helps clients buy, sell, or lease commercial properties. They act as the middle-man between the business owner and the property they want to lease or purchase.

They can assist in finding a commercial property or potential tenants, negotiating commercial leases, and ensuring that the move-in process runs smoothly.  A well negotiated lease can save your business money in both the short term and the long term.

Do I Need an Agent to Look at Properties?

In short, you do not always need a real estate agent to look at properties. However, some landlords may not recognize a broker who is not present at the first property viewing. There are some commercial properties that do not allow potential buyers to view them without an agent.

A buyer can always look at listings online, but it’s better to view a property in person before making the final decision. The real estate agent also has access to listings not featured online, so they can give you more options that fit your needs.

Want to Find an Ideal Location for Your Growing DMV Company?

Want to find an ideal location for your growing Maryland company? At NeedSpace Commercial, we fully represent the tenant looking to find the perfect commercial space.

Born from A. J. Properties, an Anne Arundel County based commercial real estate firm, NeedSpace Commercial is designed to focus solely on Tenant Representation services, ensuring that you find your perfect business space, avoid mistakes, and negotiate the best deal.

For more information, visit our website www.needspacecommercial.com. To contact us, give us a call at (410)-551-3278!