Three Strategies For Getting Quality Commercial Tenants

Posted on: 7 August 2017

If you've recently invested in a commercial property, you may be wondering how to attract and retain quality commercial tenants. After all, your investment income depends on getting good businesses into your building that are going to stick around. Following are three strategies designed to help commercial property owners present their buildings in the best possible light for the purpose of attracting good tenants:

State-of-the-Art Security Systems

Businesses housed in commercial buildings are often targets for thieves because they contain valuable equipment and inventory. Retail outlets of all type are far more likely to set up shop in a commercial building that offers state-of-the-art security. Service-oriented businesses may also have customer information stored in computer databases, leaving their customers vulnerable to the shenanigans of criminals who may be able to access their financial information from stolen computers. As an added benefit, you'll probably get a good discount on your commercial property insurance policy if you're equipped with a modern security system. 

Along with a great security setup, provide basic safety measures such as bright lighting and keep landscaping trimmed back so that it provides optimal visibility. 

Commercial Pressure Washing on a Regular Basis

Even if you've done everything else right in your attempt to make your property as appealing as possible to the right kind of business tenants, a dingy appearance on the exterior will make your building less desirable. Pressure washing removes dirt, grime, mold, algae, mildew, and any other unwanted substances from the exterior of your commercial building, making your paint job look new again. Also, buildups of mold, mildew, and certain types of algae can cause paint to chip, create significant discoloration, promote rotting in wooden surfaces, and generally degrade both the function and appearance of your building. 

Because commercial properties get far more traffic than the average home, increased attention to pressure washing is important. Most commercial property owners schedule a commercial pressure washing session a least once per year, and more if they live in an area where atmospheric humidity creates conditions conducive to fungal growths. Spring and autumn are both excellent times to have this procedure done.

Energy-Efficient Improvements

Commercial tenants generally find an office and retail space with energy-efficient features more attractive than their behind-the-times counterparts. Even if you absorb the cost of utilities into rent and lease payments instead of requiring tenants to pay their own energy costs, you may be able to offer tenants a slightly better deal.