What a Landlord Representation Broker Does
A landlord representation broker (leasing broker) represents property owners in filling vacant commercial space. They market available space, qualify prospective tenants, negotiate lease terms, and manage the deal through execution. Leasing brokers are crucial for multi-tenant properties like retail centers, office buildings, and industrial parks — they keep the property occupied and maximize NOI.
Key Responsibilities
- Market vacant space through online platforms, signage, and broker networks
- Qualify prospective tenants and verify financial capacity
- Negotiate lease economics: rent, escalations, TI, free rent
- Coordinate LOIs and turn them into executed leases
- Maintain relationships with tenant reps across the market
- Report leasing activity and market conditions to the owner
When You Need One
When a property has vacant space or upcoming lease expirations. Also when buying a multi-tenant asset with vacancy that needs to be stabilized post-closing.
Typical Cost
Typically 4-6% of total lease value, paid by landlord at lease execution.
How MaxLife Works With Them
MaxLife Development handles landlord representation for Central Florida commercial properties, leveraging our tenant rep network and market knowledge to fill vacant space quickly at market rents.