3 Ways to Simplify Leasing Out Your Commercial Property

Shefali Vasave | July 14, 2022 | 1189 views | Read Time : 02:21 min

Commercial Property
You have a commercial property and you need to lease it as soon as possible. In an ideal world, you would find a client as soon as your property is vacant. But we do not live in an ideal world. As a property owner or manager, you need to list your property, get the right contacts, and find a buyer who is ready to occupy immediately at a price that's efficient to you.

It can be a tedious journey. That’s where a broker comes in. Filling your vacant properties is essential but navigating a labyrinth of procedures shouldn't keep you occupied, which is why leveraging a broker network is so important. Here are three ways you can connect with brokers to make the most of their services.

Updating Your Inventory List

If you've tried handing a PDF of your current available listings, you might want to reconsider your approach for better chances of success. Brokers must be aware of the properties you have available if you want them to consider yours. The issue with online CRE listings is that many of them are outdated. This may cause a broker to think they’ve found an ideal property for their client, only to discover it’s already leased out. This doesn’t make a good impression. In addition, static listings are not search-friendly. To cut to the chase, deploy a search-ready, updated portfolio. Simplifying things for brokers will keep them coming back and contribute towards building a positive association with them.


Sharing an Inventory List Right to Their Inbox

Simplifying property search isn’t all. What are you doing to make a broker’s life much easier? You don’t need to spend a ton on proptech to reach out to brokers on time. Set up a commercial real estate email list that directly emails your updated listings to the brokers, providing them with timely alerts on when a new property is on the market or reminding them that an existing listing is still available.


Providing Easy Access to the Property Information

Regular emails about your updated property portfolio is bound to keep brokers engaged and informed. Going a step further, you can create a mobile-friendly property information page for each of your CRE properties to ensure that brokers have all the information they need at their fingertips. This avoids any bottlenecks caused by having the wrong information or no information at all about the specifications of your properties.


A Final Word of Advice

One of the most effective things commercial property owners can do to guarantee their properties are continuously leased is to engage with brokers, keep them updated, and simplify ways for them to interact with your property.

Spotlight

CWD Real Estate Investment

CWD Real Estate Investment is Grand Rapids' leading, local real estate investment and property management firm led by partners Sam Cummings, Scott Wierda, and Dan DeVos. It is our commitment to strategically review every investment opportunity for alignment with our mission to make investments in the Grand Rapids community that provide high-quality places to live, work and be entertained. CWD has an overwhelming interest in the advancement of the urban core of Grand Rapids.

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