Dallas office space for rent is going for a premium rental rate in some markets as of the writing of this post. That could deb depressing for some office tenants but there is still a silver lining in the higher rental rate cloud!
With increasing rental rates in high demand office buildings there are also spaces that are being vacated and not wanted by the tenant. Yes you read correctly the tenant vacates their present office space before the lease expires to locate to an new space that better meets their needs. They are still obligated to pay rent on the former space until the lease expires.
This creates opportunity for tenants looking for Dallas office space for rent that do not want to pay a full market rental rate. Many times the space will also have office furniture and phones systems included. The trick is to know where to look to find these great deals.
Unfortunately there are many times that a new business owner decides they can find Dallas office space for rent on their own. Sometimes they ask an employee to search and they think they have found the perfect office space. They don’t know that they have most likely missed multiple opportunities that they will never find calling off a building sign. Even better is they look to the internet and find out of date listings or spaces that may not be as advertised.
Brokers and Dallas Office Space For Rent
By working with a seasoned Dallas office broker you will avoid these headaches. You will be able to engage a professional that is active with Dallas office space on a daily bases and knows where the best deals are for your company. These brokers are referred to as tenant representatives. An exclusive tenant representative will work on your behalf and represent only the tenant’s interests.
The broker must treat all parties fairly but their allegiance is to the tenant when they are contractually obligated to represent them exclusively. This is the best way for a tenant to employ the services of an office broker is to have an exclusive representation agreement executed between themselves and the agent that is representing them. This creates a legally enforceable agreement between the agent and the tenant.
Without an exclusive agreement the tenant is really not being represented by the agent. This has been a point of contention for some time. Unfortunately some tenants believe that the broker that they are talking to is working for them when if fact they are representing the landlord. Don’t let this happen to you! When you are looking at Dallas office space be certain that the broker you are relaying your information to is working in your best interests.
The hunt for office space in Dallas is always an interesting adventure. Don’t let yourself be in a position where the landlord knows that you only have their property as your option. You want to be sure to always have a viable backup property and a qualified Dallas office broker will be certain that you do.