550 S. Andrews Avenue, Suite 400, Fort Lauderdale, FL 33301
FAQ
At Berger Commercial Realty, we understand that navigating the world of commercial property—whether you’re buying, selling, leasing, or managing—comes with a lot of questions. That’s why we’ve compiled this comprehensive commercial real estate FAQ page to address the most common concerns from property owners, investors, and tenants across Broward, Palm Beach, and Miami-Dade counties.
From understanding lease types to preparing your building for sale, our team answers your most pressing questions with clear, expert-driven insights. Explore the FAQs below to make smarter real estate decisions with confidence. Have questions about commercial real estate in South Florida? You’re in the right place.
Q: How do I determine the value of my commercial property?
A: A property’s value is typically based on income, market comparisons, and the condition of the asset. Most owners start with a Broker Opinion of Value (BOV) or an appraisal. At Berger Commercial Realty, we offer complimentary BOVs that analyze rent rolls, occupancy, market trends, and comparable sales to provide a clear value range.
Q: What is a BOV and why do I need one?
A: A BOV (Broker Opinion of Value) is a professional estimate of what your property could sell or lease for in the current market. It’s not a formal appraisal but is often used to guide listing decisions, refinancing, or ownership planning. It’s quick, insightful, and helps you avoid leaving money on the table.
Q: What’s the difference between triple net (NNN), gross, and modified gross leases?
A: Triple Net (NNN): Tenant pays rent plus property taxes, insurance, and maintenance. Gross Lease: Tenant pays one set rent amount; landlord covers most expenses. Modified Gross: A hybrid—some expenses are shared. Understanding your lease type is critical to projecting net income and tenant responsibilities.
Q: How long does it take to sell a commercial property?
A: On average, 6 to 12 months—though it depends on market conditions, pricing, and the type of property. A well-priced and well-marketed asset in a strong location may sell faster, especially if tenant stability and NOI are attractive.
Q: What should I look for in a commercial property management company?
A: Look for experience in your asset type (office, retail, industrial), transparent reporting, tenant communication skills, and local market knowledge. Bonus points if they also offer construction management and lease administration under one roof. Visit our Property Management Services page for more info.
Q: How can I increase the value of my commercial property before selling?
A: Lease up vacant space, reduce operating costs, secure long-term tenants, or make targeted renovations. Even small upgrades like signage, landscaping, or lighting can help with curb appeal and cap rate performance.
Q: What types of commercial real estate do you manage?
A: At Berger Commercial Realty, we manage office, retail, industrial, flex space, and land across South Florida. Our portfolio includes everything from Class A office towers to warehouse and mixed-use properties.
Q: What is CAM (Common Area Maintenance)?
A: CAM is a tenant’s share of maintaining shared areas like lobbies, hallways, parking lots, and landscaping. It’s usually billed monthly and reconciled annually. Tenants should review how CAM is calculated before signing a lease.
Q: Have additional questions not covered here?
A: Feel free to contact us — we’re here to help with anything you need related to commercial real estate sales, leasing, or property management.