Commercial real estate is those properties that are used only for commercial purposes—for example, office buildings, hotels, malls, etc. Now, you have that property that you don’t use and want to make money with it. If so, then you can rent it out. But, the difficult part is finding tenants for such properties.
Top 5 Tips to Find Tenants for Commercial Property
These are the top tips given by pros that you can use to find tenants for your commercial property:
1. Offer Good Internet Connectivity
You should consider adding and offering a good speed internet connection on your commercial building. That is because faster internet is important for the tenant’s business operations. In that case, you can install a fiber-optic that will provide fast internet on your property that has the benefit above consistent fast broadband with better consistency, bandwidth, and speed.
However, the fiber-optic would be an influential marketing tool. All of your tenants will be able to save money on installation while gaining the welfares of the fastest data facility available. Besides, the fiber-optic internet connection increases the property value up to 3.1%.
2. Energy-Efficient Enhancements
You can make some energy-efficient improvements on your commercial property that will attract tenants. Many landlords in the market of New York commercial real estate have made enhancements to new heights. So, you can also consider doing these too. You can do organic gardens and rooftop breeze turbines. These will illustrate a pledge to greening workplaces, and these will also attract lots of tenants to your property.
3. Offer Shared Amenities
To attract lots of tenants to your commercial property, you can offer shared amenities. If you have uncommon available spaces on your property, then you can use them or convert them into a training room or conference hall. At the same time, the basement of your building can be turned into a common workout facility, or should I say gym for fitness-conscious employees, or you can turn it into a baby-sitting center for all the on-site working parents.
4. Comfort Parking Access
If you can provide good parking access to your tenants, then the value of your property is going to be increased. What is meant is peoples will consider and get interested in your property rather than those who have minimal parking access. However, you live in a town area that also has a minimal parking area. In that situation, you can create expert associations with parking sellers, which would be a great service to all the business renters.
5. Tenant Satisfaction Surveying
It is a good idea to attract tenants. If you regularly survey your existing tenant’s needs and comfort, then you will be able to know what they want and how you can get tenants by adding those things to your property. Besides, it makes a good relationship between the tenant and the landlord.
These are the common and most effective ways to get tenants for commercial property. But, I will recommend you also to follow the pros and their strategies. Besides, do good market research before jumping into hunting tenants.