With an increasing number of people getting into entrepreneurial ventures, the demand for office spaces on lease is also skyrocketing. This has also led to newer and more convenient concepts like coshared working spaces, as they increase productivity and improve collaborative communication.
Leasing out your office space can be highly profitable if done in the right way and to the right business. If you want to offer your office space for lease, here are some tips to help you find the right tenant soon.
Referrals through Existing Tenants
While word of mouth is one of the best ways to put the word out there about your office space for lease, this method may garner more results if you incentivize these referrals. This works best if you already have other office spaces that have been leased out to other businesses. Incentives such as discount on the following month’s rent or anything similar will help you get the best results.
Special amenities included within the rent can also attract tenants fast. These are often known as move-in-packages and can help you get in touch with a number of potential tenants. Some packages you can offer include free Wi-Fi for a limited period of time, discount of security deposit, welcome hamper, discount or no rent for a month, office appliances, and much more. This can especially work if the office space for lease is in an area where there are many other office spaces available on rent. Offering exclusive amenities can keep you ahead of the competition, especially if you offer services like printing, faxing, cleaning and IT support.
Putting up an ad online about your office space can also help to a certain extent. These days, most tenants search the internet for office spaces and compare advantages and rents before they go further. So, you can offer virtual tours for potential tenants so that even those who cannot find the time to come check out your office space for lease physicallycan do so from the comfort of their offices or homes. Visual ads are way easier to remember and make a better impression than only text.
One of the important features that business owners look out for in office spaces is security. An office space for lease that come with security arrangements will be preferred over office spaces where the tenants will have to arrange for it. The former just makes it more convenient as well. So if your commercial property does not have security or a proper security system in place, you may want to get that done first to attract plenty of potential tenants.
When leasing out your commercial property, make sure you do your homework of finding out about the background of you tenant. Do a thorough check as to whether the business owner or the business has any reputation of being bad tenants in the past. Discuss the terms and conditions clearly with the potential tenant and make sure the same are laid out in a written contract. Ensure that the tenant has understood every part of the deal before signing up.