Why use a landlord representative?
An experienced commercial real estate landlord representative invests the time and resources needed to lease your property for top-dollar. They will have access to multiple listing platforms, proprietary potential tenant databases, and much more. Leasing a property is only one part of Landlord Representation. We combine the goals of our owner clients to include retention, optimizing rents and focusing on the tenant mix that enhances value for the owner. We manage the marketing process and create the messages to attract the right tenants. We have been through market cycles that shift supply and demand so we know how to deliver intelligence that produces results.
Whether you’re planning to own a building for the long-term, or interested in selling the property within the next few years, drastically impacts the type and length of leases you’ll want to offer your tenants. Because long-term investment strategies guide scheduling for capital improvements, our landlord services teams will help you develop a management strategy that will meet your future objectives without sacrificing present profits.
Minimizing risk starts with a solid plan to ensure your property is occupied by the right mix of tenants. Our team can help you reduce risk by thoroughly researching the financial status of a potential tenant including credit ratings and business history as well as understanding the impact of current market cycles and economic dynamics.
Cultivating and highlighting your property’s unique amenities requires a thorough understanding of the property, local ecology profile and the market at large. It’s also important to showcase the benefits of adjacent tenants and services, as leasing space to complementary businesses can help foster a sense of community that makes the property more desirable.
Most property owners recognize that a space without a tenant represents lost income. However, there is a much wider range of costs associated with tenant turnover, including leasing costs and incentives, marketing costs to identify and attract new tenants, the labor and materials required to upgrade the space for future tenants and the legal and accounting costs of terminating a lease. Taking steps to find the right tenants and maintain positive relationships can be a cost-saving measure.
We have deep property marketing expertise, which starts with establishing a hierarchy that allows you to focus resources on the highest-quality prospects. Once we have identified prospective tenants, we move them through a transaction filter that begins with creating awareness and then helps establish an understanding of how your property can provide the right space and place that adds value to their business.
Meghan Bryne
Senior Associate
Coldwell Banker Commercial
Tai Lee
Commercial Sales & Leasing Associate
Coldwell Banker Commercial