3 Vital tips to help you find a Commercial Real Estate Broker that’s right for you

When searching for the right Commercial Real Estate Broker, keep these important things in mind. When you consider the countless hours that it takes to research, contact and visit each potential property or office space and then negotiate the terms of the lease. It is easy to see how hiring a professional to represent you will be a huge benefit.

The following are three vital tips to help you find a Commercial Real Estate broker that’s right for you.

One, a good agent is able to use their knowledge of a given area, their contacts, and their real estate forecasting to find the perfect space for rent or sale in the area that works best for your business.

Two, the right agent will save you both time and money by taking over the tedious and frustrating process of locating commercial space to lease or buy.

Three, always ask if they have online testimonials or positive reviews they could direct you to. There’s more you should know about choosing the right commercial real estate broker.

The information we provide could save you time and money. Just visit our website https://www.commercialrealestate.services/ or call us at 416-854-1325 today.

Q4 2019 Commercial Statistics

Click on this link for a detailed report.  Q4 2019 Commercial Statistics

TREB Commercial Network Members reported 6,193,176 square feet of leased space in Q4 2019 for all lease transaction types across the industrial, commercial/retail and office market segments. This result represented a 12.5 per cent increase compared to Q4 of 2019.
Year-over-year changes in average price per square foot net lease rates, for transactions with pricing disclosed, were mixed in Q4 2019. The average industrial lease rate rose to $9.62 in Q4 2019 from $7.62 in Q4 2018. The average commercial/retail rate was down to $21.35 in Q4 2019 from $24.66 in Q4 2018. And the average office lease rate was down to $17.29 from $19.64 the previous year.
It is important to note that annual changes in average lease rates can be a result of changing market conditions and changes in the mix of properties leased from one year to the next, in terms of location, size, mix and other related variables.
Total commercial sales in Q4 2019 were 267, down by 10 transactions compared to 277 sales in Q4 2018. There was a decline in sales for the industrial sector, while the commercial/retail and office sectors had slight increases for Q4 2019.