If you own commercial real estate and do not use and/or occupy the asset then you will seek to lease it out to a qualified tenant. Since leasing commercial space can be a long and arduous process, from prospecting to vetting to negotiations to lease execution, most property owners choose to hire a professional commercial real estate Broker to handle the process.
The Leasing Process
Below we outline what we feel to be the most optimal leasing process that turns tenant prospects into successful transactions. The entire process is designed to not only reach, but also surpass an owner’s long-term investment goals.
The first part of the leasing process is understanding an owner’s long- and short-term investment goals. To best serve our clients we sit down to discuss, and ultimately understand, the immediate and future needs of your commercial property.
Property and Market Analysis
In order to create a successful leasing strategy it’s important to understand current property and market conditions. First we formulate a plan to get the property at its most improved state, showing well to prospective tenants. Next we analyze market fundamentals and property comparables so that we can best price the asset to attract the right tenants.
Creating a Strategy
As part of a successful leasing strategy, we begin with creating a property’s story, i.e. why the asset is so desirable to prospective tenants Next we create a highly targeted marketing plan that effectively communicates this offering.
Reaching out to primary, secondary and tertiary markets, we target only the most qualified prospects with best-in-class marketing tactics. We do this through calls, property tours, direct marketing (mail and email), advertising, online listings, signage and exposure on the SVN® National Leasing Network which reaches over 500 markets across the United States.
Once we find a qualified tenant we then handle the leasing process. From the Letter of Intent (LOI) to negotiations to coordinating the drafting or creation of the lease agreement to final signing, our team ensures that the owner’s interests are protected.
Looking to Lease Your Milwaukee Area Commercial Property?
If you own a commercial real estate asset(s) in metropolitan Milwaukee markets and are seeking tenants to lease space, then our team can help. The dedicated leasing professionals at SVN | Hintze Commercial Real Estate have vast experience finding and securing credit-worthy tenants for landlord/owners of various types of commercial real estate. Through the use of innovative marketing platforms and deep market connections, our team has helped numerous owners realize steady income streams through leasing space to qualified tenants. If you need help turning a qualified prospect into an executed lease agreement, contact us today!