Are you grappling with vacant commercial properties and feeling the financial pinch? If you’re nodding along, fret not. I’ve got some actionable advice to help you fill those empty spaces and start generating income pronto.
First and foremost, having a local agent on your side is key. While it’s tempting to handle things solo, agents are experts for a reason—they get the job done efficiently. But if you’re eager to get your property leased without delay, here’s what you can do:
Harness Social Media
As you’re scrolling through your favourite platforms, take a moment to search for businesses in your local area on Instagram, Facebook, or LinkedIn. Follow them and shoot them a message to gauge their interest in your space. Strike up conversations—it could lead to potential tenants.
Visualise Your Space
Don’t have photos of your property? No problem. Use Google Street View to capture an image of your building. Then, check out Runway, an AI-generating program, to create stunning visuals. Having visuals helps potential tenants envision themselves in the space.
Create an Instagram Profile
Showcase your property by creating an Instagram profile. Post the visuals you’ve created and link back to your agent’s website for inquiries. It’s a low-effort way to attract local businesses and tenants.
Tap Into Existing Relationships
Reach out to your existing tenants. Offer them additional space if they need it and ask if they know anyone looking for a new location. Existing tenants can be valuable sources of referrals.
Be Proactive
Take matters into your own hands by putting up vinyl’s with contact details on your property’s windows. Use online design tools like Canva to create eye-catching designs.
Engage with Local Organisations
Attend local chamber of commerce meetings or reach out to business groups in your area. Networking and promoting your property within the community can yield promising leads.
Remember, nobody cares about your investments as much as you do. Take advantage of your downtime by implementing these strategies. Whether it’s reaching out to local press or collaborating with videographers, explore all avenues to get your property noticed.
Innovation doesn’t require you to leave your seat. Start implementing these ideas now and watch as your efforts translate into tangible results. The sooner you fill your space, the sooner you start generating income. So why wait? Take action now and maximise your property’s potential.
PS If you didn’t catch last week’s podcast you can catch up here.
