Owning a commercial property is a great way to secure an income for yourself, but one of the hardest things may be finding tenants to rent and lease out your space. With a few tips, there are ways you can optimise the way you advertise your property to as many potential tenants as possible.
Make any necessary improvements – If you’ve just acquired a commercial property, consider whether or not it needs any improvements or renovations before you can advertise to new tenants. A building or office space which is attractive, energy efficient and has plenty of facilities useful for business is obviously going to be the most attractive. Spending a little money on some simple renovations will improve the value of the property overall.
Advertise to a specific industry – It may be useful to decide what kind of industry your commercial property is most suited to. While a space that was previously an accounting firm or tax office may also be able to function very well as a law firm or a small IT company’s offices, it won’t be suitable as medical offices or space for a large printing business. Choose the industry and target your audience accordingly.
Choose your agency wisely – If you’re using an agency to help you lease out your property, choose one that’s suitable for your needs. Personal recommendations are a good place to start when finding a suitable letting agency, so ask the opinion of someone you know who may have experience with different agents. It’s also hugely beneficial to choose an agency with a highly specialised knowledge of your particular city or suburb, as they will know what the best features of the area are. So if you’re letting
offices in Sydney CBD, choose a local agent that knows the area well.
Advertising your commercial property the right way is essential if you want to avoid periods of vacancy. Whether you’re leasing out a whole building or just some small Surry Hills office space, be sure to target your industry wisely and choose a great letting agent.
This article is brought to you by Tim Green Commercial. Find your next Surry Hills office space for sale or lease at Tim Green Commercial - the experts on finding great office space in Sydney CBD and surrounds.
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