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Updated almost 9 years ago on . Most recent reply

User Stats

156
Posts
50
Votes
Cody Steck
  • Residential Real Estate Agent
  • Salt Lake City, UT
50
Votes |
156
Posts

Opportunity to help lease a small commercial property

Cody Steck
  • Residential Real Estate Agent
  • Salt Lake City, UT
Posted

I have been presented an opportunity to help lease out roughly 2,000 square feet of workshop space. It would most likely draw in a mechanic, smaller construction company, or something of the like. There will be parking and storage available. 

Would I be completely crazy for trying to attempt something like this? I am a residential agent and admittedly know little about the commercial side of things. Although I have no desire to move into the commercial space at this time, I would love the opportunity to learn more about this and feel like it would be a good starting point for a skill to add to my toolbox.

Most Popular Reply

User Stats

216
Posts
86
Votes
Eric Odum
  • Commercial Real Estate Broker
  • Tampa, FL
86
Votes |
216
Posts
Eric Odum
  • Commercial Real Estate Broker
  • Tampa, FL
Replied

I don't think crazy is the right term, but I don't take on assignments outside of my area of expertise. i.e. I refer out all residential opportunities to agents that are proficient in the target market.  That is just my business philosophy.  I, personally, do not believe I can properly serve the client taking assignments in markets or asset classes with which I can't add add value.  

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