How one attracts and keeps good tenants depends on these measures.
Attracting and retaining tenants in a commercial property of any kind always remains a challenge for commercial property owners and managers. With several key practices, however, relating to building maintenance and relationships with tenants, you can attract tenants that will form a healthy community.
Know Your Audience
Attracting tenants that will be responsible users of your commercial property involves knowing what such tenants are seeking in a commercial space. Research the area and see what benefits they value most and who might be looking for a new unit soon.
Offer Rewards
Another way to attract tenants is to offer rewards to those who pay their rent on-time and who give out referrals for your commercial property. This could be in the form of a discount or gift card for nearby restaurants or other amenities. Rewarding on-time payments encourages tenants to have good habits, and those for referrals helps make your tenants part of your marketing team.
Improve Curb Appeal
Take a look around your property and see from a visual point of view how you can make your property more appealing. The exterior is what prospective tenants first see. Repair and replace cracking pavement, clean up the landscaping, and give the building’s walls a fresh look.
Spruce Up the Interior
Even with a posh exterior, commercial tenants will be turned off by a dank unit. Check flooring, windows, fixtures, and everything in between to see what needs cleaning, repairing, or replacing. Even a fresh coat of paint or a vase of flowers can add to the charm.
Improve HVAC
The heating and cooling system controls the temperature, ventilation, and relative humidity of an indoor space. Temperature and indoor air quality are crucial for maintaining comfort. Commercial HVACs should get inspections at least twice a year, due to the work they put in to keep tenants comfortable and breathing healthy air.
Beef Up Security
Another aspect not to be overlooked is security. Threats common to commercial properties include fire, carbon monoxide, flooding, hackers, and intruders. Eliminate isolating spots on your property, provide adequate outdoor lighting, and include secure Internet access.
Reach Out
Once you have evaluated your audience and how you can improve your property, make those changes to appeal to your desired tenants, and reach out with the good news. Make your property easy to find online and openly showcase all it has to offer.
Trust the Professionals at Clagett Enterprises for Your Realty Needs
If you’re looking for an experienced property management company, the perfect realtor for your property, or a professional to assist you during your purchase of any home, you can rely on Clagett Enterprises. Clagett Enterprises is a full-service real estate company with almost 30 years of experience in the Frederick and Western Maryland area. For assistance with commercial sales, leasing, management, and development and consulting, contact us online or give us a call at 301-665-6009. To meet our team and see some of our beautiful homes, follow us on Facebook, Twitter, and Pinterest.