How A Regional Florida Commercial Real Estate Firm Can Benefit You (1)

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How A Regional Florida Commercial Real Estate
Firm Can Benefit You This post originally
appeared on tBL member blog SVN Southland
Commercial Blog and is republished with
permission. A local firm with a regional, and
even national, scope is what you should look for
when seeking out commercial real estate
companies. From the outside looking in many
people believe that commercial real estate
companies are fairly similar in the services
that they offer. While many commercial real
estate firms have the common goal of serving
their clients needs to the absolute best of
their ability, the fact of the matter is that
some firms are much better positioned to do so
than others. Working with a local firm whom
possesses a regional, and even a national reach
can be of great benefit to all parties
involved. How A Regional Florida Commercial Real
Estate Firm Can Benefit You What does it mean
for a commercial real estate company to possess
local knowledge, have a regional scope, and hold
a national reach? Local Knowledge For any
commercial real estate company, staying ahead of
the competition and possessing expert local
market knowledge is crucial. Obtaining expert
local knowledge requires countless hours of
involvement in the community and doing your
homework. Becoming a local expert is not just a
job or something you do in your spare time, its
a lifestyle. True local market experts have a
vast knowledge of market trends, property value,
property history, future developments, and on
down the list. At SVN Southland we
consider ourselves to be local experts in our
sweet spot ranging from Mobile, Alabama to
Tallahassee, Florida. To increase their market
presence many of our brokers specialize in a
specific property type. As a result,
collectively, our brokers are extremely well
informed on all aspects of commercial real
estate in our market. I heard a story about
gentleman who decided to specialize in selling
and leasing industrial properties over 10,000
square feet. He decided to contact all of the
property owners in a 50-mile radius that fit that
criteria. He formed a relationship with each of
those property owners, and he knew the property
value, property history, and the long-term plans
of each and every one of those property owners.
If the property was being leased, he also knew
about the lease that was in place and when that
lease was set to expire. That truly represents
specialized expert local knowledge! Regional
Scope While we at SVN Southland consider our
farm area to be from Mobile to Tallahasse, our
regional scope reaches far beyond this. As a real
estate company, having a regional scope means to
have an understanding of the various markets,
trends, and developments that are occurring in
your region. Staying ahead of the competition in
terms of regional scope knowledge and attending
the regional conferences to obtain the necessary
regional interpersonal relationships will
greatly benefit the clients we serve. At SVN
Southland our
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regional scope and staying ahead of the
competition is extremely important to us. Whether
we are working with a developer who is
representing a national tenant across the
Southeast requiring help on site selection, or
representing a landlord of a retail strip center
leasing out space to tenants, having regional
scope and the necessary relationships with the
regional real estate managers who represent
those tenants is extremely important. In recent
news, many U.S. cities are anxiously awaiting
Amazons decision on which city it will pick to
become their second headquarters. It is known
that the city that wins this bid will welcome
over 50,000 new high paying jobs and over 5
billion deployed into the economy. Atlanta is
one of the five most likely cities being
considered. Understanding the ripple effect on
new development projects and increase commercial
property value from the huge boost Amazon will
bring to the economy in Atlanta and across the
Southeast is what I like to call regional scope
knowledge. National Reach Possibly one of the
greatest benefits to working with a company such
as SVN is our national reach. SVN is fortunate
enough to be able to leverage our 200 offices
across the United States to help better serve
our clients. SVN CEO Kevin Maggiacomo has made
the 9.6 rule widely known throughout the
brokerage community. The 9.6 rule is as simple
as it sounds, 9.6, is what is costs property
owners on average, to work with brokers who do
not cooperate with the rest of the brokerage
community. With over 65 of commercial real
estate buyers coming from out of market it is
impossible for a broker who does not possess a
national reach to adequately promote a property.
With the marketing tools we have in place we
have the ability to take properties and
effectively present them to qualified
buyers/investors across the entire country.
Working with a commercial real estate company
who has national recognition and national reach
is essential. SVNs 9.6 Report. Article Source
https//blog.thebrokerlist.com/regional-florida-co
mmercial-real-estate-firm- can-benefit/