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How to Find Quality Tenants in a Disorganized Market

The most important factor for any commercial property investor is to find quality tenants for his property. It is a known fact that the commercial property leasing market is very lucrative due to the handsome returns on leases. However, quality of tenant is a critical factor that you must consider while taking on the leasing of a vacancy, an asset or a large investment property. Go through the slide to know the ways to find quality tenants in a disorganized market.<br>http://www.authorstream.com/Presentation/landwin-3770306-find-quality-tenants-disorganized-market/

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How to Find Quality Tenants in a Disorganized Market

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  1. How to Find Quality Tenants in a Disorganized Market

  2. The commercial properties leasing market is very lucrative due to the handsome returns on leases.

  3. However, an important factor you must remember is that quality is a critical element when you are considering taking on the leasing of a vacancy, an asset, or a large investment property.

  4. Moreover, there are risks associated with investing in commercial real estate and as there is stiff competition, you need to find good tenants for your property.

  5. Here are the ways to find quality tenants in a disorganized market.

  6. Inspect the asset

  7. The commercial property will have details and facts to review & understand which includes occupancy issues, rents, improvements and lease terms & conditions.

  8. You need to review the services and amenities that are going to be available to a new tenant who is going to rent the property.

  9. You need to get details of the fit-out configuration and the quality of the tenancy and fixed improvements, floor coverings, wall treatments, lighting and other amenities.

  10. Look at competing properties

  11. There are some local properties which will be aggressively marketed and the asking rents in each case could cross over or force some discounts on your vacancy marketing.

  12. In addition to this, there will be time on market factors to review with those other commercial properties.

  13. You need to gather information about the time frame these vacancies have been on the market and what are the factors that are stopping them from leasing.

  14. Review vacancy factors

  15. There will be vacancies in the location where your commercial property is located which will have an impact on property lease marketing.

  16. You need to look after the prevailing vacancy rates and determine the ways you can promote your property with a value proposition.

  17. There might be other vacancies in the asset now or coming up that will impact asking rents and business profile.

  18. Conclusion

  19. Thus, these methods will help you in finding new good quality tenants in your location to fill vacancies in your investment properties.

  20. Furthermore, when you interact with local business people, you need to keep a tab on your efforts and expenses as it will let you know what tenants are expecting and looking for.

  21. https://www.landwin.com/ https://www.facebook.com/LandwinCRE/ https://twitter.com/Landwin https://www.linkedin.com/company/landwin-management-llc THANK YOU!

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