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Tag: industrial real estate

How to Hire A Commercial Real Estate Broker

 

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Hiring the right commercial real estate broker can make or break your strategy—especially in competitive South Florida markets like Fort Lauderdale, Miami, Boca Raton, and West Palm Beach. Whether you’re selling a warehouse, leasing an office, or acquiring retail space, a knowledgeable, local expert is essential. Knowing how to hire a commercial broker is key to success.

1. Choose a Broker Who Specializes in Your Asset Type

Commercial real estate covers a wide range of asset types—industrial, office, retail, medical, and more. Be sure the broker you choose has proven experience in the specific property type you’re working with. Understanding how to hire a commercial broker for your specific needs will ensure better outcomes.

  • Recent transactions in your asset class
  • Knowledge of lease structures, tenant needs, and value-add strategies
  • Expertise in zoning and usage specific to asset type

2. Work with a Broker Embedded in Your Target Market

Real estate is local—and so is insight. A broker who is actively working in your exact market (think Coral Gables, Hollywood, or Pompano Beach) will have access to comps, off-market deals, and active buyers or tenants. When figuring out how to hire a commercial broker, market expertise should heavily influence your decision.

  • Knowledge of neighborhood-level activity
  • Relationships with landlords, investors, and developers
  • Access to listings before they hit the public market

3. Vet Their Track Record and Network

Experience matters. Review their deal history, ask for client testimonials, and see what kinds of investors or tenants they typically represent. Knowing how to hire a commercial broker involves assessing their track record carefully.

  • Listings on platforms like CoStar, LoopNet, or CREXI
  • Professional memberships in SIOR, NAIOP, or BOMA
  • Experience with deals in your price range

4. Evaluate Their Communication and Strategy

Commercial deals can be fast-paced and complex. You need a broker who’s organized, responsive, and strategic—someone who knows how to negotiate and guide you through the entire process.

Need Help Navigating South Florida’s CRE Market?

Berger Commercial Realty/CORFAC International offers expert leasing, sales, and investment services across Miami-Dade, Broward, and Palm Beach Counties.

Contact us today to speak with a commercial broker who knows your market and your property type.

📞 Connect with a Broker

 

Berger Commercial Realty Facilitates $2.2M Mixed-Use Property Sale in Fort Lauderdale’s Flagler Village

Fort Lauderdale, FL – May 22, 2025 – Steve Hyatt, Senior Vice President at Berger Commercial Realty/CORFAC International, successfully represented the seller in the $2,200,000 sale of a fully renovated mixed-use industrial property located in the heart of Fort Lauderdale’s Flagler Village neighborhood.

The transaction, which closed on May 22, involved a 4,502-square-foot live-work, loft-style commercial building at 437 NW 1st Avenue. Originally constructed in 1958 and modernized in 2018, the property combines vintage architectural elements with contemporary upgrades, making it a standout asset in this rapidly developing district.

The seller, the Charles L. Peet Revocable Trust, was represented by Hyatt, while the buyer, Ronald Marks, was represented by Matt Lyons of Expedited Development Services LLC.

The final sales price of $2.2 million, or approximately $489 per square foot, reflects continued demand for well-located mixed-use commercial real estate in Flagler Village —a neighborhood known for its walkability, creative community, and blend of residential, retail, and office space.

“Flagler Village continues to be a very desirable location to live and work,” said Hyatt. “This sale highlights the strength of the market and the unique appeal of mixed-use properties in this growing Fort Lauderdale neighborhood.”

About Flagler Village

Flagler Village is one of Fort Lauderdale’s most dynamic and fast-growing urban areas. Once a warehouse district, it has transformed into a walkable and art-centric community featuring modern lofts, creative office spaces, galleries, restaurants, and vibrant nightlife. Its location just north of Downtown Fort Lauderdale makes it a hotbed for real estate investment and development.


Work with Steve Hyatt

Looking to buy, sell, or lease commercial property in Fort Lauderdale or throughout South Florida? Steve Hyatt brings decades of experience, deep market knowledge, and a strong track record in mixed-use, office, and industrial real estate.

Contact Steve today to discuss your commercial real estate goals.