Commercial Property Tenants - What Do They Really Want Today?

In commercial property leasing you as the actual estate agent meet with and handle several numerous kinds of tenants on a normal basis. They will have varying problems and challenges when it comes to choosing a property or tenancy to lease. The leasing choice procedure is longer and slower these days as a large number of tenants are not in a rush to acquire the ideal property.

Make no mistake, in this economic climate it is a tenant biased property marketplace. In most situations and circumstances of leasing the tenants can pick and pick out their property from a wide selection obtainable in the nearby area. Landlords ought to accept that truth and adjust their asking rents accordingly. In leasing commercial property nowadays it does not matter too significantly about exactly where you begin your lease rent but it does matter exactly where you are headed. Tactic is everything at this time when it comes to leasing property and tenancies.

Every landlord really should be very aware of specifically what tenants want in their new lease or place, and the landlord should be matching those needs in promoting, marketing, and pitching their vacant tenancy.

Market Intelligence Matters

There is high value in compiling marketplace intelligence prior to taking a vacant tenancy or property to the market. That is where an knowledgeable and specialised commercial genuine estate agent can advise and direct the client to the correct promotional resolution to match the property and the demands of the target tenants.

So some of the most fundamental details of market place intelligence to be monitored for leasing commercial or retail property are:

1. Levels of rental that tenants are paying for new leases in the nearby location
   
   
2. The types of rental (gross or net) that tenants are willing to pay today
   
   
3. The types of incentive that tenants are asking for
   
   
4. The size of incentives supplied for a new lease given the influence of other competing property in the nearby area
   
   
5. The time on industry to finalise and secure a lease locally
   
   
6. The kinds of improvements that tenants are looking for in a new lease such as warehouse design or capability, workplace space layout and size, or retail showroom display.
   
   
7. Services and amenities that are needed to make the property appealing to tenants and comfortable to occupy
   
   
8. New properties or developments that are coming up in the local area that will compete with established properties
   
   
9. Out there comfort services for staff such as vehicle parks, showers on website, gyms, widespread places, and kitchens.
   
   
10. Green rating of buildings to present effective occupancy and cost controls
    
    
11. Suitable levels of outgoings that are not excessive for a building of a particular sort in the neighborhood area.

A decent genuine estate agent that knows their neighborhood market place will make this information out there to their clientele and prospects as component of the pitch for the listing. On that basis the client or prospect knows specifically what can be done to marketplace the property to the perfect tenant segment.