Leasing Vacant Commercial Property

Are your properties plagued with too many vacancies or high turn-over? Market research will provide a comparison of your current leasing programs against other similar properties and find discrepancies, room for improvement, and offer suggestions. Leasing programs should be designed to increase asset value, grow cash flow, lessen carrying costs all while remaining competitive in the local market.

A full market analysis will provide a list of comparable properties to ensure you are attracting the right tenants to your property. The following strategies will assist in finding the right tenants.

Brochure

A quality brochure can attract tenants to your property with property photos, list of amenities, maps, nearby retailers, and demographics.

Signage

Visible signage is important to passers-by that may be interested in growing their business. Clean, concise signs can help drivers easily identify the property and contact information.

Online Databases

Tenants are searching online databases more than ever before. Being a part of major online listing services can bring qualified tenants in for a walk-thru. Stack the odds in your favor by adding multiple photos, brochure and maps to the listing.

Demographic Research

Get a full demographic report of your area, including population, median house-hold income and density. Attract quality tenants with up-to-date demographic information.

Competition

A full “comparable summary” will show your property side-by-side others in the area. See lease rates of similar buildings and compare your building amenities and location versus the competition.

Traffic Counts

What prices are your competitors charging? Are they offering financing? Understanding exactly what your competition is offering can help your negotiation strategies when dealing with potential buyers.