Project Leasing
Creek Cre Provides Superb Commercial Project Leasing
Commercial real estate is a superb investment, offering significant earnings throughout the time you own the property and when you sell it. However, keeping tenants in commercial real estate property isn't always easy. If you had hoped that your commercial real estate investment would be a passive form of income, you may be frustrated by how much work you're doing to keep from losing money when you can't fill occupancies quickly. Project leasing is the perfect solution, enabling you to earn more from your commercial real estate while simultaneously reducing the amount of work you need to do.
What is Project Leasing?
Keeping commercial real estate occupied by tenants and earning money for the landlord or property owner can be a big job. Every month that property sits empty costs the landlord money, so landlords are highly motivated to fill slots. However, most commercial property owners don't have time to fill all of the vacancies that come up by themselves.
Landlords may struggle to rent out units for the prices they want. You may be tempted to keep lowering rent prices so as to get someone in the space, slicing away your profit margin. That's where project leasing comes in.
A project leasing broker acts in place of the landlord in all activities involved in commercial leasing. The commercial property agent keeps the property occupied and makes sure it’s earning money. However, the contribution a project leasing broker will make to your commercial real estate venture goes much further than acting in your place as the landlord.
What Does a Project Leasing Broker Do?
Communicate with Tenants
A commercial real estate agent takes care of the practical aspects of renting out a property. This includes handling showings, negotiating with tenants, completing paperwork, etc. Because project leasing brokers have skill and experience in all of these areas, they can accomplish more than you would be able to yourself:
- More effectively negotiate for higher rent from tenants
- Interview potential tenants to determine whether they have the characteristics that you’re looking for
- Ensure that every detail is taken care of in paperwork to protect you from lawsuits or liability
- Stage properties to make it more likely that a tenant will rent it
Strategize with You
Project leasing brokers work with you to develop a plan to most effectively lease out your building. Are you looking for the best possible rates and don’t mind if tenants have high turnover? Maybe you would rather fill your properties with tenants that are going to stay for the long-term, and you're okay with negotiating lower rates in exchange.
Whatever it is that you want from your commercial property and the tenants who occupy it, a quality project leasing firm can help you develop a plan to make it happen and then act on the steps you've laid out together.
Your project leasing broker is constantly researching the real estate market in your area so as to not miss out on any relevant trends that should affect how you price or advertise your property.
Advertise Properties
Project leasing brokers advertise a lot of different commercial real estate. They know exactly what to emphasize about each property to attract tenants. You may not think of characteristics of your property to advertise that will seem obvious to a project leasing broker.
Maybe you don’t realize that your building is close to places that may be of interest to tenants. However, you can bet that your leasing broker will recognize and advertise every perk of your building's location.
Perhaps the fact that you have lots of green space with walking paths and seating on your property isn't something you’d think to mention. Your project leasing broker will know exactly how to describe and photograph your properties to highlight their appeal.
A leasing broker may even be able to make suggestions to help you make your property more attractive to tenants. Your leasing broker may be able to tell you where a small investment like new paint or a couple of potted plants could make a big impression on potential tenants.
The project leasing broker also uses marketing aids like SEO, social media, page listings, and other tools to bring attention to a vacancy. They know how to use these tools to get the most attention with the least investment.
You may be able to post in rental listings or advertise on social media neighborhood groups, but you are unlikely to be able to accomplish the reach that a project leasing broker can achieve in their marketing efforts.
Benefits of Commercial Real Estate
If you're considering getting into commercial real estate but haven't made the leap yet, you may be wondering just how profitable and passive this kind of investment can really be. When you use a project leasing broker, commercial real estate can be highly profitable with as little involvement from you as you'd like. Managed in this way, commercial real estate can be a superb investment:
- Offers significantly higher income potential than residential rental without an increase in risk
- Frequently found in areas with increasing value, so the land which the building is on may become exponentially more valuable over time, making it a good investment in and of itself.
- Requires much less tenant management than residential real estate. Relationships between landlords and tenants tend to be more professional.
- Often provides high-paying tenants with long occupancies.
- Businesses are more motivated than individuals to stay in place, even as rent rises, since location is an important part of brand recognition and business success.
- Buildings tend to get less wear and tear since they're typically only used during business hours and since most commercial real estate space is used for low-impact purposes.
- Businesses that interact with the public are motivated to maintain the appearance of the building.
- Businesses often pay expenses on the property that you would be responsible for in the case of residential real estate, such as real estate taxes.
- There are lots of options to choose from, from retail and office buildings, to apartment buildings or mixed use structures.
How Creek CRE Can Help
You need a commercial realtor in Edmond who can take care of everything that goes into maintaining your commercial real estate so that you don't have to. More importantly, CRE real estate takes care of commercial real-estate leasing management better than you could have. You'll see an even better return on your commercial real estate investment than if you were handling everything yourself. Here's why you should use Creek CRE for commercial realty in Edmond:
Increase Earnings
We make it our mission to keep tenants in your buildings. Even a small reduction in standing vacancies can result in significant padding of your bottom line. With our advanced marketing and market research techniques, you will rarely see an occupancy go a month without a tenant. Furthermore, because we have extensive experience in identifying the proper market rental rates and negotiating with tenants, you’ll be able to get higher rates for your property.
Attract the Tenants You Want
For many property owners and landlords, finding tenants isn't just about filling spaces with warm bodies. You may want particular types of tenants. Maybe you want tenants who are willing to sign long leases. Perhaps tenants that won't make any alterations to the space are attractive to you. Whatever you want from your tenants, we'll help you find the right ones for your needs.
Forget About Your Commercial Property
The best investment is one that brings in lots of money without you having to do much to manage it. With the help of Creek CRE, your commercial real estate will truly be a turnkey operation.
We'll take care of every detail of communicating and negotiating with tenants, marketing, strategizing, etc, so that you don't have to. You can always be just as involved as you'd like to be.
Keep Growing
Even as you forget about your commercial real estate investment except for picking up your check, Creek CRE will keep looking for more opportunities for growth. You'll find that the commercial real estate investment you've made keeps earning even as it surpasses your expectations. We constantly look for opportunities to raise rent, make invest
Choose Creek CRE for Commercial Project Leasing
Creek CRE is a full-service commercial real estate firm offering services to the Oklahoma City area. We provide complete services for commercial realty in Edmond and the surrounding areas. We’ll handle not only your project leasing, but also whatever other commercial real estate needs you might have.
We will be personally available to answer your questions, give you advice, and support you in your commercial real estate endeavor. If you're looking for the highest quality project leasing in Edmond, from marketing and attracting tenants, to negotiating rates, to communicating with tenants throughout their occupancy, we are the commercial real estate firm for you.
Don't hesitate to contact us and learn how we can assist you in your commercial project leasing needs.