How To Attract Commercial Tenants to Your Space?

Investing in a commercial rental property is a great step for stable and long-term earnings. But, it’s only possible if you get commercial tenants and your property stays occupied.

 Many times, attracting commercial tenants for a vacant space becomes challenging for the landlords. And the surprising part is they are unaware of the reasons. They continue working in the same way and get no result in return. And thus, the property remains unoccupied. 

In this post, we will be discussing the simple techniques to attract more and more commercial tenants to your property. 

Invest in quality interior designing– Before anything else, the commercial tenants check the look of the property, both inside and outside. And it’s because they are majorly concerned about their image and reputation before their employees and clients. Many people make lots of assumptions based on the interior of the office. Therefore, you should work on the interior design of your property. 

For interior designing, it’s good to follow the latest trends. If you have a better idea than that, you can implement them as well. Just keep in mind that it’s not your home where you can make changes as per your preferences. You should get into the shoes of the tenants to make the changes. Most importantly, you should work with professional commercial interior designers because they are trained to do so. They know what would and wouldn’t look good in a commercial rental property. Also, they will work as per your requirements and expectations. 

Pay attention to shared space as well– If you have a shared space in your commercial rental property, you should be very careful about the same. The commercial tenants don’t pay for the shared space but they want it to be perfect because it impacts the overall perception of their businesses. 

When designing interiors of the primary area, you should include the shared space in it. Ask your commercial interior designers to work on them as well. Some of the shared space includes restrooms, meeting rooms, reception area, and break rooms. 

The design of the shared space should be very standard because it has to cater to a large population with a different perspective. You shouldn’t be inclined to a particular design. Most importantly, the shared space should be spacious and easy to use. 

Avoid long-term lease contracts- Other than the interior design of the property, the long-term lease contract becomes the hurdle for the commercial tenants. You need to understand that all business owners are not comfortable with long-term contracts, especially the startups that are facing lots of turbulence in their operations. 

To make things simple and get more tenants on board, prepare short-term lease contracts or offer a lease break. A lease break means the tenants can vacant the property whenever they want by giving prior notice. Also, you shouldn’t keep very strict terms and conditions on the lease contract. 

Flexibility in the lease contract will give peace of mind to businesses and build an attraction in them towards your property. 

You invested in commercial rental property to get good returns. So, consider the tips discussed in the post and don’t let your investment go in vain.