Whether you own an office space or a shopping centre, your commercial property will only pay off once it has tenants. A key challenge is to attract them. Here are some tips to assist you in finding tenants and securing a long-term lease.
Advertise yourself
A "Commercial Space for Rent" sign outside your building is not enough. If you truly desire to attract tenants, you must be seen and known. List your commercial space online at LexpressProperty or with real estate agencies, and be sure to include the pertinent information such as square footage and the benefits offered by the premises. Don’t forget to add your contact details for tenants to call you to enquire.
Treat them to an attractive location
Tenants of commercial space seek a strategic location for their visibility and practicality for their customers. Highlight the facilities available in the vicinity as well as the access to parking.
The look and feel of your space is important. Placing plants or art pieces on the walls is a great way to liven up the room and make it more marketable. The extra touch to woo the potential tenant is to include costs such as internet or water in the rental fee.
Furthermore, stress the importance of security to your tenants. Invest in surveillance cameras, security guards or access cards. Doing so will guarantee your tenants’ peace of mind.
Word of mouth pays off!
Provide rewards for referrals. Word of mouth remains one of the most effective marketing strategies. Encourage your current tenants to refer your space to their friends. In exchange for their referrals, they may receive rewards such as discounts on rent, benefits from other tenants or your associates, among others.
By implementing these tricks, securing the right tenant for your commercial property will no longer be a tedious and time-consuming process. You will be filling the premises in no time!
