Responsibilities of a Commercial Real Estate Agent in Office Leasing

What Does A Commercial Real Estate Agent Do?

A commercial real estate agent is responsible for helping clients buy, sell, and lease commercial properties used for business purposes. They must have a thorough knowledge of the local market and be able to provide their clients with valuable information about prices, terms, and lease agreements. Additionally, they negotiate deals on behalf of their clients and assist them with property management tasks.

What Is The Difference Between Residential And Commercial Real Estate Agents?

Residential real estate agents help buy and sell houses and flats, while commercial real estate agents focus on commercial properties such as offices, commercial buildings, retail spaces and warehouses. Commercial real estate agents must have a comprehensive understanding of commercial real estate. It is important that they know the properties available in the market and maintain good relationships with the owners. Agents should be familiar with relevant regulations, market trends and financial analysis so that clients can make informed decisions.

How Much Is The Agency Fee?

For commercial properties, the agency fee is 10% (plus VAT) from the client and the same amount from the landlord. In Malta, commercial real estate agencies do not apply any extra charges for office viewings, revisions of agreements, or other additional services, unless the fees are agreed upon in advance.

When The Agency Fee Should Be Paid?

The agency fee of 10% is paid to the agency for its services immediately after the contract is signed. Usually, this fee is mentioned in the commercial rent agreement. It’s important to know and understand the fee before you start searching for an office with the agent you trust.

OfficeMarket.mt is a real estate agency that focuses exclusively on commercial real estate. We have the largest database of available commercial properties for rent or sale in Malta. Our team provides personalised services to clients who are based in Malta or looking to relocate their headquarters to the Maltese islands. Using an extensive database, experience, and a strong work ethic, we focus on finding the best matching offices.
On the OfficeMarket.mt website, you can find private or serviced offices, office buildings, showrooms, or commercial plots in various sizes.
We also provide detailed information on each property, including high-quality pictures, amenities, and pricing, making it easier for the clients to make an informed decision before requesting a viewing.