D. Cummins & Assoc. thanks for following me on Twitter! https://t.co/T39iMfTpT2
— Nathan K Smith (@AustinTenantAdv) June 30, 2020
from Twitter https://twitter.com/AustinTenantAdv
This blog was created to provide information about the Austin Commercial Real Estate scene. If you want to learn information and tips about leasing and purchasing office, retail, and industrial space in Austin you have come to the right place
D. Cummins & Assoc. thanks for following me on Twitter! https://t.co/T39iMfTpT2
— Nathan K Smith (@AustinTenantAdv) June 30, 2020
Steve Gye 💧 thanks for following me on Twitter! https://t.co/20IMgHcz9X
— Nathan K Smith (@AustinTenantAdv) June 21, 2020
Carbon Capture Projects thanks for following me on Twitter! https://t.co/xoEmtIF1FO
— Nathan K Smith (@AustinTenantAdv) June 21, 2020
Swivel thanks for following me on Twitter! https://t.co/XmxM5ZGlPH
— Nathan K Smith (@AustinTenantAdv) June 19, 2020
Sites USA thanks for following me on Twitter! https://t.co/GIDFvZAZd7
— Nathan K Smith (@AustinTenantAdv) June 5, 2020
What is a Commercial Leasing Brokerage? https://t.co/ZxQl2EqNKQ
— Nathan K Smith (@AustinTenantAdv) June 3, 2020
What is a Commercial Leasing Brokerage? https://t.co/KMolL6ji5W
— Nathan K Smith (@AustinTenantAdv) June 3, 2020
In commercial real estate when you hear the term “leasing brokerage” it typically refers to a commercial real estate company that represents building owners in the lease and sale of commercial properties. You may also have heard them referred to as landlord representatives, listing broker, listing agent, landlord brokers, landlord reps, leasing brokers, etc.
Their fiduciary duty is to represent the best interests of the building owners by marketing and leasing space to prospective tenants and negotiate the highest lease rates and best terms possible.
In most cases large office, retail, and warehouse properties are owned by investment companies or real estate investment trusts (REITs). In many cases these companies are not local so they hire a local commercial lease brokerage to help them with the marketing and leasing responsibilities. They also lean on the leasing brokers for market intelligence which helps them position their properties to compete with other properties and determine the highest possible lease rates they can charge tenants at that point in time.
Buildings owners pay all commissions which are typically 6% of the total lease amount after a lease has been signed. If a tenant representative introduced the tenant to the property then the landlord’s broker splits the commission with the tenant rep.
In commercial real estate when you hear the term “leasing brokerage” it typically refers to a commercial real estate company that represents building owners in the lease and sale of commercial properties. You may also have heard them referred to as landlord representatives, listing broker, listing agent, landlord brokers, landlord reps, leasing brokers, etc.
Their fiduciary duty is to represent the best interests of the building owners by marketing and leasing space to prospective tenants and negotiate the highest lease rates and best terms possible.
In most cases large office, retail, and warehouse properties are owned by investment companies or real estate investment trusts (REITs). In many cases these companies are not local so they hire a local commercial lease brokerage to help them with the marketing and leasing responsibilities. They also lean on the leasing brokers for market intelligence which helps them position their properties to compete with other properties and determine the highest possible lease rates they can charge tenants at that point in time.
Buildings owners pay all commissions which are typically 6% of the total lease amount after a lease has been signed. If a tenant representative introduced the tenant to the property then the landlord’s broker splits the commission with the tenant rep.
World News & International Relations thanks for following me on Twitter! https://t.co/Jw2Sc97IHz
— Nathan K Smith (@AustinTenantAdv) June 2, 2020