We often think of commercial real estate – buying or leasing a space for a business – as a numbers game. We look at the figures: square footage, zoning regulations, rental costs and transactions fees. But behind every commercial real estate venture is a person – a person who has dreams and goals and a life that is affected by the decision to sell or lease a property.
When you are in the market for commercial real estate, it’s important to remember that the transaction is not just about the numbers. It’s about the people involved, and the real estate venture should take into account the people’s particular needs and interests. Whether you’re a buyer, seller, tenant, or landlord, considering the people involved in the deal can help make the commercial real estate experience more successful, satisfying, and rewarding.
Consider more than just the numbers when purchasing or renting commercial real estate. Don’t make decisions solely based on costs. Ask yourself why each party is entering into the transaction and what that means for their lives. Are they looking for a long-term investment, or a short-term opportunity? Are they expecting certain amenities that the property might need, and are they willing to pay more for those extras?
It’s simpler to comprehend what each party needs and desires from the agreement when you take a step back and consider a commercial real estate transaction as one between two people. By taking into account the people’s individual wants and needs, you’ll give yourself a greater chance of success.
Of course, there are still plenty of numbers involved in commercial real estate. But the human factor should not be overlooked. As you consider your next commercial real estate venture, don’t forget to think about the people behind the numbers.
If you’re ready to take the next step in commercial real estate and want to learn more about the people behind the deal, contact us today and let us help you find the perfect space for your business needs.