Commercial property owners need tenants. Empty buildings or units are lost income that only gets worse with each passing month. The goal is to avoid vacancies at all times. Not everyone knows how to find tenants for commercial property. Fortunately, tenant representation in Oklahoma can help save you the trouble. Here are a few things we consider if looking for tenants.
How to Find Tenants for Commercial Property
Who Is Your Tenant?
When looking for tenants, you must establish two things to know your target audience: the zoning and the customer fit. If your zoning is for office space, you may have restrictions for other types of businesses. Once you know the zoning limitations, consider the customer fit for your location. Is it within walking distance to dining and retail? This could be a draw for some companies.
The size and accessibility of the property will also determine your ideal tenant. A new business may want a smaller space and be willing to choose a less accessible location if it better fits their budget. On the other hand, an expensive restaurant will probably need to be in an active city center their patrons can reach without difficulty.
Once you identify your tenant, it is time to find them.
How to Find Renters
Advertising is an excellent way to find tenants if it is done well. Make sure to choose the best methods for your target audience and keep track of your results. Here are some ways you can advertise your property:
Online Listings
Mailings
Signs
Flyers
Online Ads
Along with advertising, there are steps you can take to make the property more appealing to renters. Never underestimate the importance of curb appeal. Take the time to do minor upgrades that will attract your renters. Some examples include installing security, restriping the parking lot, or a fresh coat of paint.
These are just a few tips to help find tenants. Of course, if you hire tenant representation in Oklahoma, they know exactly how to find renters. Should you have any questions about renting your commercial property, please contact us, and we will be happy to help you.