Real Estate Sales, Leasing, and Rental Services Information
Real estate sales, leasing, and rental services involve the sales or rental of space to perform a business activity. Commercial and industrial businesses that require office, factory, or warehouse space to manufacture products or provide services typically use real estate sales, leasing, and rental services to procure buildings that are suitable to their daily activities. Sales involves the transfer of title or ownership of the building or workspace for an agreed upon exchange of money. Leasing and rental involves an exchange of money for building use over an agreed upon period of time. Some real estate sales, leasing, and rental services may also include the sale or leasing of specialized equipment, such as construction machinery, computers, telecommunications, or industrial processing equipment.
Companies looking for additional space use real estate sales, leasing, and rental services to help them decide whether to lease, rent, or buy properties and buildings. Real estate sales, leasing, and rental services can also represent commercial companies that are trying to sell or lease their properties. Companies contact real estate brokers for assistance in finding the needed space and ensuring that it meets the company’s needs. For example, a manufacturer that needs the delivery of bulk raw materials might need a building that is located near railroad tracks. Brokers that work with real estate sales, leasing, and rental services are paid on a commission basis, either by the seller or landlord of the property, or by the buyer or tenant, or in some cases, both parties.
Real estate sales, leasing, and rental services advertise the properties they offer in printed periodicals, newspapers, specialized trade journals, and on websites. Most companies that offer real estate sales, leasing, and rental services maintain their own Web-based database of the properties that they represent, allowing interested buyers and tenants to compare properties by price, location, features, and terms. Real estate agents or brokers often assist their clients in preparing the property for sale or lease and conduct showings and tours to interested parties. They may also create advertising and marketing campaigns to promote the sale of the property through direct mail, prospecting, placing signs, and providing open houses.
Real estate sales, leasing, and rental services may also represent unique industrial properties, such as ports, airports, and other transportation terminals; warehouses and factories; multipurpose office buildings; and manufacturing facilities. Real estate sales, leasing and rental services can also assist commercial and industrial clients with financing options, such as recommending particular lenders and negotiating payment terms.