Renters are always on the lookout for great-looking commercial spaces that could offer them the best conducive place to conduct their businesses. If you’re an owner of a commercial building, you’ll want to read this.
Owning a commercial building and renting its spaces out is a great business endeavour that gives you a steady stream of income. However, it can’t be denied that competition can be stiff and renters can also be choosy. This is one of the reasons why rental occupancy is sometimes low, which can turn a commercial building into a financial loss, according to PropertyInvestment.com. In order not to be left behind, you need to offer renters value for their money. Here are some of the things you can do.
Improve Your Look
There’s nothing more attractive to renters than a building that exudes beauty and confidence. Try putting yourself in the renters’ shoes and see if you will sign up for a long-term lease with the present condition of your building. If you feel you’re willing to do so, great. But if not, then you might want to improve its look by fixing some areas and applying a fresh coat of paint. In an article published in the New York Times, it says cosmetic changes like a fresh coat of paint goes a long way in terms of attracting new renters.
Just like when you change and improve your company logo, your building can also use some enhancements. Try checking out the latest architectural and interior designs. See which of them can be implemented in your building at a cost you can afford. Perhaps you would like to add some custom-made aluminium sidings and claddings. You’ll be surprised to see the huge aesthetic improvement they can give to your building. Even old buildings go through a remarkable metamorphosis with the installation of these enhancements
Upgrade Your Facilities
Having superior facilities is certainly a great attraction for possible renters. Try upgrading your toilet, heating, air conditioning, ventilation, and similar facilities. They’re among those that clients consider when checking out places where they can set up shop for their businesses. You might also want to improve the appearance of your staircase handrails and elevator if you have one. Installing green lighting is also an attraction to some renters.
It’s A Job For Professionals
While you are more than able to do some of these enhancements yourself, it might be a good idea to leave these tasks to professionals. Get in touch with one of those companies such as Memsolutions.co.uk that can perform needed building repair and maintenance in the UK. They have the necessary manpower and tools that can get the job done in record time.
Implementing some changes in your commercial building is necessary even if you’re enjoying 100 percent occupancy rate. You’ll earn loyalty from your current renters and perhaps, some of them may even be willing to sign-up for long-term leases if you implement these changes. Bear in mind that like you, they also want their business to attract their own sets of customers and the appearance of their shops really matter.