Tenants are any property’s lifeblood, be it commercial or residential. They provide revenue that pays for the property’s management and upkeep. So, it is essential to focus on retaining and attracting existing tenants.
If you own commercial properties, you can attract tenants in several ways. Some of the common ways that experts have suggested include the following:
1. Provide Wi-Fi
Today, tech-savvy experts use apps to monitor health, track sleep, and plan commutes. Also, in the world of technology, to attract tenants to your commercial properties, you have to guarantee a modern experience.
One thing most prospective tenants won’t do without is Wi-Fi. A high-speed internet connection is crucial to all tenants’ business activities and operations.
Ideally, you need to subscribe to the best broadband connection, which guarantees excellent customer service and support 24/7. That means when the internet connection isn’t strong in those wee hours, your tenants can have their problems fixed.
2. Consider Energy-Efficient and Sustainable Options
When choosing properties to rent, energy efficiency and sustainability solutions have become vital for commercial tenants. With a major focus on minimizing carbon footprint, most tenants need more sustainable properties.
Because of that, you need to use technological solutions like heat pumps and solar panels to minimize energy bills and carbon footprint. Investing in these solutions can be expensive. This is why applying for solar and heat pump grants Scotland for financial support is advisable.
3. List Online
Several websites will enable you to list your commercial properties, including Craigslist, Property Shark, Crexi, and Loopnet. Ensure you include detailed information and plenty of pictures about your commercial properties.
In addition, some of these websites will let users search by various criteria, including square footage, price, location, and so much more. Listing your commercial properties on those websites will ensure many prospective tenants see the advert.
4. Engage Existing Tenants
Maintaining proper and ongoing engagement with existing tenants is essential for establishing a solid and healthy relationship, not to mention it creates a sense of community.
As a landlord, you can achieve this by sharing updates on clean/green measures, providing helpful information about the commercial building, and sending newsletters weekly.
5. Offer Shared Amenities
You can convert unusual vacant space in your commercial building into a shared training or conference room. For instance, you may turn a basement into a childcare center for moms working on-site or a shared exercise facility for every health-conscious employee.
If your commercial tenants request on-site dining options, offer discounted rent deals to potential food or coffee vendors.
6. Improve Security
Offering a secured commercial facility will ease your tenants’ minds, especially for a company with employees working at odd hours or overnight.
Although your neighborhood or city may not necessitate card access or security guards, adding security cameras and improving lighting will make your commercial building safer.
Are you finding trustworthy commercial tenants for your properties? Well, your success narrows down to strategic marketing. First, maintain and prepare your commercial properties so they can stand out. Then, consider setting competitive rent pricing based on your market research. Also, partner with a reliable and experienced commercial realtor to help you grow your reach.