What is a full-service real estate firm?
Submitted by D. Saperstone
Commercial real estate is a highly diversified industry —
· diverse property types – retail, office, multi-family, industrial, office, healthcare, etc.
· diverse forms of property interests – developer, owner, tenant, investor, lender, etc., and
· diverse advisory and service specialists who assist those who have property interests – consultant, mortgage broker, leasing agent, property manager, tenant representative, sales broker, facilities manager, etc.
When an organization provides its clients with all or most of these advisory and service specialties, it is referred to as a FULL SERVICE COMMERCIAL REAL ESTATE FIRM. In essence, the firm serves as its clients outsourced real estate department, providing the strategic counsel and necessary services to solve the clients’ real estate issues.
Such a firm is not unlike a multi-disciplined accounting firm or law firm that provides their clients with a single assemblage of specialists able to address a variety of financial or legal issues which confront their clients – a one stop, seamless, easily accessible source of counsel and expertise.