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As one of the most business-friendly states in the nation, Nevada is home to numerous government and non-profit agencies and organizations that are devoted to helping small businesses succeed.

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Commercial Real Estate

A qualified and experienced commercial real estate broker is highly versed in the specifics of the local commercial market. He or she will know what kind of space is available and the average going cost per square foot. A broker can also provide you with details about various commercial areas, such as building-specific amenities and traffic flow. In addition, a broker can negotiate terms and rental rates and oversee contracts and other written agreements.

A broker’s value-added role includes:

  • A qualified broker is a strategic partner that fully understands how real estate decisions impact business growth. His/her primary task is to judiciously advise clients on the potential gains and challenges of site selection, expansion, consolidation, as well as the optimal financing conditions for each growth phase.
  • Market knowledge is a broker’s strongest asset. Specifically, a broker will have the most current information on competitive rental rates, deal structures and comparable lease transactions. Also significant will be a broker’s knowledge of current market trends, for example, the pros and cons of opting for an open concept layout versus traditional office and cubicle space or leasing at a downtown location versus the suburban markets.
  • Participation in established professional associations and networks allows a broker to effectively navigate all phases of the real estate transaction process. Strong business relationships with landlords and sellers further facilitates strategic real estate negotiations on a client’s behalf.
  • Information technology advances have dramatically transformed all aspects of real estate marketing and research. Maximizing the use of these tools allows a broker to comprehensively analyze the market and strategically direct marketing efforts to effectively canvass designated trade areas.

As with any product or service, a solid brand name buys the reassurance that a real estate broker has successfully represented many business clients. Choose a broker who has gained the respect of clients and peers alike, based on a proven track record and an established reputation for excellence. Ask for referrals or seek one out using the Chamber’s member directory.

During this process, it’s important to keep in mind your specific business requirements, as a brand that works for others may not work for you. Once you have narrowed your search, be prepared to invest the necessary time to ascertain your level of trust with each professional broker on your short list. The fiduciary, legal, and financial nature of the broker-client relationship demands you pursue only those brokers with whom you foresee a strong and lasting relationship based on trust, open communication, and an affinity or likeability factor.

Office Building Classification:

  • Class A: The most prestigious buildings, Class A office space is typically the most expensive and most coveted, high-profile form of commercial real estate. Buildings have high-quality standard finishes, state-of-the-art systems, exceptional accessibility and a definite market presence.
  • Class B: Class B buildings have rent prices in the “average” range for a commercial area. Building finishes are fair to good for the area and systems are adequate.
  • Class C: Class C buildings are considered merely “functional,” and carry the lowest rental prices.

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