Your First Commercial Property: How To Make It An Attractive Option For Businesses

Commercial property can be a great part of an investment portfolio. However, this can be a steep learning curve if you’ve never looked at the commercial real estate market before. 

Selling brings a good return, but most commercial investors buy to let. Attracting business tenants tends to make the best long term profit. But preparing for a commercial tenant is quite different to finding residents for your domestic buildings. 

Our guide below is a quick introduction to some of the features you should invest in right now. 

If you’ve just invested in your first commercial property, these tips can help secure a reliable business tenant. 

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Showcase the Window Display Area

You’ll want to showcase the potential of the window display after investing in a retail building. This is where the business will attract customers off the street. Highlighting the open area and street level access is key. 

Make sure the windows have been cleaned before inviting a prospective tenant for a viewing. It can also be effective to create a prop display. This is an easy yet tangible way to indicate that the property can be eye-catching. 

You can also light up the front window to ensure the best level of illumination. This will then guarantee a healthy, clear level of light no matter the season or time of day. This type of set dressing can even attract tenants with little effort when they pass on the street. 

Invest in Heavy Duty Security Features

Business property needs a better lockdown system than your average residential property. That’s the next thing to tick off your investment checklist. Do some research into the most common ways a company can ensure their premises are secure, safe, and private. Then, invest in the solutions a commercial tenant would expect to see. 

It takes some heavy duty tech to create a high performing commercial center, so contact a company like Security Solutions. Their services can make rectifying your current security issues very easy. For example, they’ll be able to set up a barrier gate that’s ID controlled. This ensures only employees can enter the building and/or use the parking lot. 

Understand Business Budgets

You need to set your rent depending on the kind of tenant you want to attract. If you want to target small businesses, a lower starting rent is more appropriate. This price will then slide on a scale for medium to large enterprises. 

However, you should also research the most common business types in the area. You need to know who is most likely to look at your property as a suitable option. 

Investigating the local commercial real estate market will show you the trends. This is where you’ll find out the amount of small businesses vs larger enterprises. You’re then likely to net a lot more tenants by sticking to these trends.

Undertaking commercial property for the first time is a challenge. Set yourself on the path to real estate success by using tips like these.

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