Owning a commercial property can be financially rewarding, especially if it is located in a prime spot like Dublin. However, you have to keep in mind that location is just one part of the equation.
The property should have high-quality tenants and be properly managed for it to generate a steady cash flow. It also necessary to have knowledge about commercial property rentals, from the industry terms to the legal requirements.
Simply put, leasing a non-domestic property is not a walk in the park. To succeed, you need experts like commercial estate agents to help you navigate the complex process.
What Are Commercial Estate Agents?
They are professionals who sell, lease and manage commercial properties. Some commercial estate agents specialise in particular types of properties like offices and farmlands. Others even do consulting work for insurance companies and government agencies.
The nature of their work is similar to that of residential agents, but they deal with a different demographic. These professionals primarily work with business owners or investors, while residential real estate agents deal with individuals or families.
When it comes to houses, emotions primarily drive the lessees and buyers to get the property. For commercial spaces, it is all about the numbers. This is one of the reasons why the work of commercial agents is deemed more complex than that of real estate agents.
More than just the physical features of the space, commercial agents need to take into account how certain factors such as location impact business. They need to provide analytical data and financial information to their clients.
Further complicating their work is that each type of business has a different set of requirements. Plus, negotiations involving commercial contracts can be lengthy. In-depth knowledge of the industry is essential in getting the best deals for the property owners.
Benefits of Hiring Commercial Estate Agents in Dublin
Get Better Contracts
It is not enough that your property is the right fit for the needs of a particular business. You need to know how to sell it to them to get the price and other terms you want. Remember, most companies would like to cut down on all forms of expenses, including rental fees.
This is where the skills of an experienced commercial agent can be very beneficial. With their comprehensive industry know-how and savvy negotiating skills, you get to lease your property at a good price and under excellent terms.
Ensure Legal Compliance
Commercial estate agents can also help you avoid getting into an agreement that can hurt your business. They protect your interests by preventing you from getting embroiled in shady deals.
As they are well-versed with the legal aspects of commercial leasing, you can trust them to check the contract to ensure that all terms comply with the law. You can also expect them to do their due diligence, reviewing all legal documents.
Save Time & Avoid Stress
Unbeknownst to many, leasing a commercial property is a time-consuming endeavour. You need to create and update the lease listing as well as respond to inquiries. You also have to make sure that the property is in excellent condition and meets government requirements.
Work does not stop after finding tenants. For one, documents need to be checked and processed to close the deal. Moreover, liaising with the tenants may be necessary, especially when it comes to maintenance issues.
Suffice to say, being a landlord of a commercial property demands a lot of time. Unless you are able to give this venture your full attention, it is best to hire a professional to ensure that it flourishes.
With an expert on top of things, you can focus on your job or other endeavours. Furthermore, you avoid unnecessary stress—no need to learn about leasing terms as well as the legal aspects of the industry.
In summary, commercial estate agents make leasing a commercial property smooth and simple. More importantly, they ensure that landlords like you get the best deal possible.
Need help leasing your non-domestic property in Dublin? Work with our commercial estate agents to get high-quality tenants and a lucrative rental income. Call us now at 014959020 or leave us a message on our website to learn more about our services