commercial construction lease

Attracting tenants when commercial construction is complete

Ordering a commercial construction is a part of your business as a building owner/landlord. Your next step is to find tenants to occupy the spaces. We’ve worked with several commercial businesses and business owners in our time, and have a few tips for you.

 

  • Scope out the neighbourhood

Before commercial construction can even begin, you’ll look at the surrounding real estate and scope out the competition. Do you see any similarities or gaps that your building can fill? How can you make your space stand out, or attract a similar business to others in the area? If your project is being done in a high-income or high-traffic area with little available real estate the odds are in your favour.

 

  • Think like a tenant

Think about your target market or have a casual conversation with businesses in the existing commercial properties. Are they happy with where they are? Some shop owners want to expand or set up another location nearby. Ask them about their landlord as well and make notes about what you can do (or do better).

Think about amenities as well. Parking space for staff and clients, amount of floor space (metres squared), and location are among the top of a tenant’s wishlist.

 

  • Get a property manager

These guys are the experts in putting office space up for lease after the commercial construction is completed. Their office is also the public face of your building when putting up ‘for lease’ or ‘for rent’ signs.

Property managers don’t have the same emotional attachment to the building or the tenants as  landlords do. This is how they easily deal with problems like setting the rent or evicting tenants. When your commercial construction is done, the property manager will organise advertising, interview tenants, and deal with them after they move in.

 

  • Make the space showroom ready

Your commercial space is on the market, and it’s time to dress it up. Or at least make sure it’s clean. The trades who took care of the commercial construction will clean up after themselves, but getting a professional cleaner is worth the expense. Depending on the type of building you’re leasing, you can furnish it for show. Or you can just leave it empty and let the visitors use their imagination.

 

  • Can you offer incentives?

The commercial property market is experiencing a ‘glut’, and on top of that other commercial building owners are offering pretty attractive deals. Phrases like ‘free rent for a set period’ or ‘furnishings included’ are thrown around on advertisements.

 

If this doesn’t suit you, highlight the amenities and benefits that tenants will experience. Highlight the coffee shops and post offices nearby that businesses will use everyday. What cost-saving measures did you put in during the commercial construction?

 

Liked this article? You’ll love these:

  1. The beginner’s guide to commerical construction
  2. Speciality commercial construction
  3. Getting your commercial project off the ground
office-fitout-airbnb

5 more ways to make your office fitout look expensive

 

We wrote a previous blog giving you advice on how to make your office fitout look high-end. There’s so many tips out there, we thought we’d do another one! There are tasks you can help us with during the design process, and little extras to finish when the job is done to make your new headquarters look photoshoot ready.

 

  • Pick a scheme and stick to it

Choosing a paint colour is difficult, though most companies pick the same shade as their brand logo. If you want to do something different, pick a neutral colour for the whole office fitout and build up from that. You can add splashes of colour with feature walls (or wallpaper, furniture, and office accessories. Picking a base colour, such as an off-white, and then adding two shades like charcoal and gold will tie the whole space together. It’s better to have restraint sometimes.

 

  • Recycled furniture

It’s tempting to buy new furniture off the showroom floor, but it’s not the most cost effective. It’s just as good to buy second-hand chairs, tables, and more in excellent condition. Or you can buy an older set and get it re-upholstered in a more modern fabric. If you like timber desks or chairs, they’re also easy to source from a recycle shop. Just give them a splash of paint or a new layer of wood stain. You can make your own Scandi furniture at less than half the price!

 

  • Buy set stationery

Having a coordinated desk with matching stationery is satisfying to look at. Plus, it shows customers you mean business. You have a set colour scheme for your paint and furniture, why not your office trays and notepads?

 

  • Your floor matters

Polished concrete and wooden click-in floors are popular options. They’re also cheap. When clients order an office fitout or renovation in a warehouse, they’ll keep the existing concrete floor. Often all that’s needed is a repolish and a new coat of sealant, depending on the floor’s condition.

 

  • Be clean

When it’s clean and put-together, it looks impressive and welcoming. Your customers will notice it, too. You don’t need to cram books onto a shelf to fill space or put as many chairs as possible around a desk. Sometimes less is more.

 

You don’t have to spend big bucks to make your office fitout look expensive. These tips, coupled with the others in our previous blog, should give you some ideas on how to decorate, what to do with the builder, and how to make the end result look spectacular.

 

Liked this? You’ll love these:

  1. 4 ways to make your office fitout look expensive
  2. 4 reasons to get an office renovation
  3. Use these office renovation ideas to make the workplace welcoming