Lease Commercial Property in the Rio Grande Valley
Are your properties plagued with too many vacancies or high turn-over? Market research will provide a comparison of your current leasing programs against other similar properties and find discrepancies, room for improvement, and offer suggestions. Leasing programs should be designed to increase asset value, grow cash flow, lessen carrying costs all while remaining competitive in the local market.
A full market analysis will provide a list of comparable properties to ensure you are attracting the right tenants to your property. The following strategies will assist in finding the right tenants.
Landlord Services Include
A quality brochure can attract tenants to your property with property photos, list of amenities, maps, nearby retailers, and demographics.
Visible signage is important to passers-by that may be interested in growing their business. Clean, concise signs can help drivers easily identify the property and contact information.
Tenants are searching online databases more than ever before. Being a part of major online listing services can bring qualified tenants in for a walk-thru. Stack the odds in your favor by adding multiple photos, brochure and maps to the listing.
Get a full demographic report of your area, including population, median house-hold income and density. Attract quality tenants with up-to-date demographic information.
A full “comparables summary” will show your property side-by-side others in the area. See lease rates of similar buildings and compare your building amenities and location versus the competition.
Researching the traffic counts of your nearest intersection(s) will provide helpful insight. High or low traffic counts will appeal to different tenants.
Leasing Services for Tenants
If you are not doing business in an effective space, you could be missing out on important opportunities, such as having additional space to hire more employees, being closely located to your target market or having a location near important vendors or public transportation. Each of these factors could directly influence your potential revenue and the cost of doing business.
Are you getting the best deal on your lease rate? Comparing lease rates can be confusing since most retail centers have different leasing structures. Having a commercial real estate agent compare lease rates with these factors in mind will help you with an ‘apples to apples’
Where is your target market? A demographics report will show where your target market is, if it’s near a particular retail center and the population count in that area. Being close to your market can bring in a significant amount of revenue.
Keeping your business far away from major and minor competitors within the marketplace.
Do you need high traffic areas where people can see your sign? Would your target market rather not fight heavy traffic when approaching the store? A traffic count will give you an accurate assessment of the roads near your desired locations.
How much extra would a space in that beautiful Main Street building cost? Different lease rates in desired locations will give you helpful price comparison information to help you decide on your location.
Suppliers / Vendors
Having a close proximity to an airport, post office, laboratory or a particular vendor might be necessary to lower your costs or keep an important inventory stocked. If employees need to travel frequently to a certain vendor, being close to that vendor will lower travel costs and reduce time away from the store.
A list of available properties from an online search will be provided on a regular basis. Keeping in touch with new properties on the market.
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12 Tips for Strategic Commercial Real Estate Transactions
Twelve amazing tips that will help you value your property, lease vacant space, and find the perfect location for your business.
- Establish a pricing strategy
- Understand investors’ points of interest
- Know your market
- Attracting tenants
- Lease vs. Buy
- Much more!