Property Touring Agreement for Office Space: What You Sign Before a Tour

A property touring agreement is a short document some brokers ask a tenant to sign before showing office space. It records that the broker introduced specific properties, so the broker is protected if you later lease one of them. It is narrower than a full representation agreement: it hires nobody to run a search and should cover only the floors it lists, for a set period. It is still a contract, and it binds you to what it says. Touring itself carries no fee. A tenant's broker is paid when a lease is signed, usually by the landlord. Not every broker asks for one, so ask when you book.

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Tour Bryant Park floors

Updated 2026-10-03 · Nomad Group

What you are signing at the door

A touring agreement is a receipt for an introduction. It says this broker showed you these floors on this date, and that the broker is owed its commission if you lease one of them within a stated time.

Written narrowly, it does not oblige you to lease anything, to keep using that broker for other buildings, or to pay for the tour. A full representation agreement is the larger contract: it sets the scope of a whole search, the term, exclusivity, compensation and the exit. The tenant representation agreement covers that document.

Is it binding, on which floors, and for how long?

Yes, as far as its words go. Being one page long does not make it informal. Three lines decide what you are bound to.

The list of properties. It should name the buildings and floors, not every space in the city.
The protection period. How many months after the tour the broker is still owed if you lease a listed floor.
The fee clause. Whether it makes you responsible for a commission if the landlord does not pay one.

Ask for the list to be limited to the floors you actually walk, the period to be short, and the fee clause to be struck or capped. If the list is open-ended or the fee falls to you, the document is an exclusive under a smaller name. Your attorney should confirm what an unclear term commits you to before you sign.

Do you pay a broker to tour office space?

No. Nobody should charge you to walk a floor. A tenant's broker tours you through space with nothing paid up front and earns a commission when a lease is signed, and in most transactions the landlord pays the broker fee. A building's own listing agent will also show you space. That agent is paid by the owner and works for the owner, and signing a touring agreement does not change that.

The one way money reaches the tenant is the fee clause above. If anyone asks for a payment simply to show space, ask why before agreeing.

Booking a tour, and what one afternoon covers

Not every tour comes with one. Plenty are arranged with a phone call and a calendar invite. When you book, with us or with anyone, ask whether there will be a document to sign at the door. Tell us the team size, the move date and the monthly budget, and a broker reaches out within the hour during business hours. Three to five floors is the usual tour, and it fits in an afternoon.

The Bryant Park floors below show what an afternoon can cover: towers around the park, close to Grand Central and Times Square, on the B, D, F, M, 7, N, Q, R and W lines at 42nd Street. Each is listed with its size and asking rent, so you can decide what to see before you meet anyone. The tour checklist covers what to look at once you are inside.

Bryant Park office space available now

Live from our listings · cheapest first

4 offices are available in Bryant Park right now, from 4,109 to 17,296 square feet, asking $65 to $125 per square foot per year. The Bryant Park median is $95.50.

Floors: 4
Sizes: 4,109-17,296 sq ft
Asking rent: $65-$125 / sq ft
Median: $95.50 / sq ft

Everything available in Bryant Park, with photos and rents →

The full guide

This page is the short answer. The long one, with the numbers worked through, is here:

Is this the same as the touring agreement home buyers sign?

No. A residential buyer's touring agreement is, in general terms, between a home buyer and the buyer's agent and concerns that agent's role and pay on a purchase. The office version concerns a lease, protects a broker's introduction to the floors it lists, and leaves the commission where it normally sits, in the landlord's agreement with the brokers.

Should we sign a touring agreement that a landlord's agent hands us?

Read it first. It usually records that the agent introduced you to the building. Check the same three lines, and remember that signing does not make that agent your representative.

How long does the protection in a touring agreement last?

As long as the document says, which is why the period should be written as a number of months and kept short. Protection should apply only to the floors named.

What happens if we lease a floor we toured under one?

The broker named in the agreement is owed a commission on that floor, normally paid by the landlord. On your search, we work for you. Nomad, a licensed New York real estate broker, also offers agency leasing and owner representation, so before a tour, ask if the building is among those Nomad leases for an owner. Our brokerage page explains how that is disclosed.

Talk to a broker

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Tell us three things: team size, timing, budget. A first shortlist can be ready within 24 hours, with the asking rent on every floor that publishes one.

Within the houra broker reaches out during business hours, no automated triage
On your sidewe work for you on your search, and the landlord usually pays our fee
Open pricingasking rent published for 46 of 49 floors, size and address for all
300+ officesdelivered in New York, 2M+ sq ft leased

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