Time to Reinvest in Bricks and Mortar?
These brokers say yes!
(Boonton, NJ, February 10, 2015) — After the real estate bust, brokers everywhere scrambled to slash their bricks-and-mortar costs. Now, though, some brokers are reversing course and investing in office space.
Consider Andrew Duncan, broker-owner of RE/MAX Dynamic in Tampa, FL. He recently expanded his main office by buying an 8,000-square-foot building on a busy street.
We just feel its a better model for us to grow our company, Duncan says. Essentially, I disagree with the approach of telling everybody to work from home.
In the February issue of Real Estate Broker's Insider three successful broker/owners explain why they are expanding their brick and mortar footprints. Among their reasons:
- The office is a place to build company culture.
- Collaboration is popular with younger agents.
- Agents will be safer if they meet new clients at the office.
More from Duncan and others appears in the February issue of Real Estate Broker's Insider.
About Real Estate Brokers Insider
Real Estate Broker's Insider provides residential real estate agency broker/owners with actionable news and information on managing their businesses for greater profitability.