Investor · Bellevue, WA · Member since 2021 · 10 posts · 3 votes
We are looking for a commercial real estate broker that specialises in apartment buildings in the greater Seattle area. We are experienced local investors in residential properties but new to apartment buildings. Having worked with many agents over the years, we would appreciate any recommendation for a knowledgable, upfront, honest broker who is good at negotiating. Thank you!
We are looking for a commercial real estate broker that specialises in apartment buildings in the greater Seattle area. We are experienced local investors in residential properties but new to apartment buildings. Having worked with many agents over the years, we would appreciate any recommendation for a knowledgable, upfront, honest broker who is good at negotiating. Thank you!
Hey Orien, there are a lot of sutt under Commerical. Do you need: leasing, sales, office, retail, multifamily, land, mom & pop vs multi-million dollar deal? Let me know and I will refer you to the right person
@Orien Kuang, each market will be different, but when you say "apartment buildings", what are you talking about? In my market, almost every 4 family is listed with a standard residential agent. While there is no true definition, anything under 8 units is commonly with residential agents. 9-20 is mixed bag where you still see many with standard agents, but also more with "commercial brokers". Over 20, you start to see very few with anyone that doesn't specialize as a commercial broker. And once you get to the commercial broker scale, there are no "buyers reps" generally. Buyers go right to listing brokers, and the key is meeting with them and letting them know what you are seeking.
In order to find those commercial brokers, I will use Loopnet, Crexi, even MLS to see who is listing properties that are remotely like what I want, even if the property itself is not of interest. I also go to the major brokerage sites: CBRE, Cushman, Marcus and Millichap, Berkadia, Colliers, and I am sure there are more. Many times these groups have their own listing sites, and won't list on MLS, Loopnet or Crexi.
@Orien Kuang, each market will be different, but when you say "apartment buildings", what are you talking about? In my market, almost every 4 family is listed with a standard residential agent. While there is no true definition, anything under 8 units is commonly with residential agents. 9-20 is mixed bag where you still see many with standard agents, but also more with "commercial brokers". Over 20, you start to see very few with anyone that doesn't specialize as a commercial broker. And once you get to the commercial broker scale, there are no "buyers reps" generally. Buyers go right to listing brokers, and the key is meeting with them and letting them know what you are seeking.
In order to find those commercial brokers, I will use Loopnet, Crexi, even MLS to see who is listing properties that are remotely like what I want, even if the property itself is not of interest. I also go to the major brokerage sites: CBRE, Cushman, Marcus and Millichap, Berkadia, Colliers, and I am sure there are more. Many times these groups have their own listing sites, and won't list on MLS, Loopnet or Crexi.
Thanks for the detailed response. I am exploring the land of multifamily and what you said makes sense!
We are looking for a commercial real estate broker that specialises in apartment buildings in the greater Seattle area. We are experienced local investors in residential properties but new to apartment buildings. Having worked with many agents over the years, we would appreciate any recommendation for a knowledgable, upfront, honest broker who is good at negotiating. Thank you!
Hey Orien, there are a lot of sutt under Commerical. Do you need: leasing, sales, office, retail, multifamily, land, mom & pop vs multi-million dollar deal? Let me know and I will refer you to the right person
Where in the Seattle area are you looking? I work mostly Eastside, and South King, but would be happy to send you in the right direction if that is not the area you are looking