Attracting new tenants to a commercial property can be a tricky task, the reality is, people do not want to spend money unless they really have to. They will often put offers in that are far less than what you want for the unit. But there are a few things that you can do to attract the best tenants to your building.
Ways to attract the best tenants to a commercial property
First things first, you will want to understand your ideal client, get to know what their main priorities are. By doing so, you can invest in a range of smart improvements which will hopefully attract the right kind of tenant. Offering the right on-site amenities and extras, commercial property landlords will have the edge over competitors.
What business does not use the internet? If your ideal client is looking for a fully kitted out office space or warehouse, you may want to consider installing fibre cabling. Access to high-speed internet has become extremely important in the business operation of your clients. Fibre-optic cabling allows your clients to not only have fast internet, but it is also much safer with increased consistency.
We always recommend going with a company who is on hand to help and support your client after fibre optics have been installed. This way you are giving your tenant that all round service.
2. Energy efficient improvements
A lot of clients are now looking for energy efficient building design, its a great way of helping them improve their carbon footprint. It also helps reduce a lot of costs for clients, as they are less likely to spend as much on their energy bills.
Roof coatings are a great way of improving the energy efficiency of a building. Unfortunately, over the course of the year, the British weather can have a dramatic effect on how our roofing systems cope. During winter months this part of the building will often take the brunt of the weather. UV light and heat during the summer can also have an effect on the roof causing it to deteriorate and age at a quicker rate. With a high-quality coating applied to your roofing system, you will notice a dramatic difference in the efficiency of your building. During the winter months, tenants will not have to have the heating on full blast instead the heat will remain in the building rather than leaking through the roofing system.
If you would like more information on how you can make your commercial property more energy efficient we recommend taking a read of our article on Energy Efficient Building Design.
To a business, parking is an essential amenity they are often looking for. If you have space, you may want to think about increasing the number of parking spaces for employees. If you do not have space, you may want to start building relationships with local parking vendors who may be able to reduce the parking permit cost for your tenants.
4. Promote cost efficiency
Make your clients aware of how much money you have saved them, this may sound like an obvious point, but it makes sense to. If you have completed works to improve the costs for your tenants, you are giving yourself an edge over other commercial spaces.
5. Improve the exterior
You do not need to do much when it comes to exterior improvements; small changes can make a big difference, they can elevate the appearance of your commercial property. Exterior improvements don’t necessarily need to be costly.
On site spraying is a great way of improving the exterior cladding on your commercial unit or building. If you think your building could do with a new colour or simply needs a little revamp then this is the most cost-effective way of doing so. On site spraying is not only good for making your building look more aesthetically pleasing, but it is also a great way of reducing costs in the long run. With high-quality coatings, you can increase the lifespan of the cladding panels which means you are less likely to need to replace them in the future.
We often say this to our own clients, but the exterior of your property and the overall maintenance will often have a huge impact on attracting the best tenants. The exterior is often where people make their first impression, so you want it to be as good as possible. While you may have taken the time to ensure your exterior property is looking good an aspect which is often forgotten about is the landscape around it.
Landscaping business such as Neal Landscapes provide landscaping services which means you can make the exterior look more aesthetically pleasing. Even if you do not wish to have a range of plants displayed outside, regular maintenance allows your building to look in tip-top condition.
7. Increase security
By offering secure facilities for your tenants, you are giving them peace-of-mind. If your new tenants have sensitive data, people working overnight or at odd hours where there may not be many people in the office, you may want to consider increasing the security of your premises.
Not all buildings will need access keys to enter, but by adding door access control systems into your building mean only employees can enter. Security cameras and improved lighting are all great ways of making your commercial property significantly safer.
Getting the best tenants
Finding the right tenants can be tricky business, it’s a bit like a relationship. You both need to be happy and compatible; you want your tenants to respect your commercial unit, as there would be nothing worse than leasing it out for it to be damaged and not cared for.
By providing your clients with the right amenities, they are more likely to look at your commercial property over your competitors. Security is a huge aspect when it comes to employee safety, so make sure your clients are aware of the new security features. Make sure the building is aesthetically pleasing both inside and out, if an organisation or business is moving into the space, they will want it to reflect their brand.
Some of these changes may cost you a little bit; however, you will only reap the rewards with the perfect tenants.