I recently joined the Dominus Commercial team here in Dallas. After 15+ years in the commercial real estate industry, it was time for a change. I was in search of a new firm that provided the very same traits that my clients look for and a firm that I could be proud of.
The Dallas Commercial Real Estate landscape is very competitive – from one-man shops to the largest firms in the world.
So how did I filter through the options? I thought about my core values and what I needed to succeed in this highly competitive industry.
Commercial real estate transactions can be very complex and costly if not handled correctly. Real estate costs can often be one of the largest line items for medium-sized businesses, so it’s critical to choose a firm that knows the market, the process, and has the industry relationships to leverage the most favorable economics.
Dominus Commercial was founded in 2001 and has almost 100 years of combined experience right here in the Dallas real estate market.
Every transaction is unique, so it’s imperative that the approach and process is individually tailored to the client’s needs. Without a doubt, commercial real estate is a client-based industry, and the best commercial real estate brokers know that the client comes first.
Dominus Commercial leads their clients through a comprehensive needs analysis process to determine what is important today, as well as how business and growth strategies will be handled in the future.
The commercial real estate industry is incredibly diverse. There is an opportunity to process every type of transaction from tenant representation to land sales, to landlord representation and asset management. Many firms expect a broker to work through the same process repeatedly and pass on potential leads. The drawback of this, especially for those just breaking into the business, is that one never gets the opportunity to explore and experience the many opportunities in commercial real estate.
Dominus Commercial offers a range of services, to include: tenant and landlord representation, asset and property management, project leasing, construction management, and development services. There is always an opportunity to grow your portfolio.
With the support of a strong firm, a broker won’t last long in this industry. A good commercial real estate firm provides its brokers with the proper resources and support to succeed. This support can range from mentoring to the latest software to continued learning workshops. A good firm should foster continued growth.
No matter the project, every Dominus Commercial team member has the opportunity to lend a hand and learn utilizing the Dominus University toolkit . Not only does this open the project to multiple perspective and collaboration, but it allows brokers to understand the many facets of the commercial real estate industry.
In such a competitive industry, it’s important to have a comfortable dynamic in whatever firm you choose. For a firm to succeed, brokers must respect and encourage one another. Constantly competing with and cutting down those you work with to get just ahead are not the actions of a successful broker or firm.
Dominus Commercial believes that the best brokers are those who are passionate and truly enjoy their work. After all, Dominus’ unofficial motto is “Hard work made fun by good people.”
In summary, it is important to do your research and choose the brokerage firm that shares your values.