Commercial Property in Mohali | VRS Group

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Tenants are the foundation of returns on property investment. This is especially true in the case of commercial properties, except for investors who play the risky buy-sell game. With the right tenant, you can get long-term assurance for returns and financial security. While most of the factors that affect tenancy and rent are determined at the time of buying, here are some steps that you can take to boost your chances of getting a high-paying tenant for your commercial property.

Logical Leasing

Leasing is quite a logical process that requires you to know everything about the activities that would be carried out. When you understand these activities, then it becomes easier to actually bring about changes. You should know the kind of business that would rent your commercial property in Mohali, and market your property as per their preferences.

Check Other Properties

Some businesses can be more likely to rent your property if they have competition in surrounding properties. You should take a look at the kind of businesses that surround your property and market yours towards them as well. This will also give you an idea of the kind of rent you should advertise while talking about your property.

Offer Energy Efficient Services

Energy costs are a big factor for businesses to consider. This is especially true in urban cities where power isn’t cheap. If you offer facilities and infrastructure that’s more power-efficient than the surrounding properties, tenants would be more likely to consider your building first. If you have not already installed electrical equipment such as central air conditioning, consider trying out energy efficient options.

Cold Calling

This is a traditional marketing strategy that can work well with businesses in your locality. You would need to call local businesses on a regular basis and make a database of the ones that wish to relocate to your commercial property in Mohali. This would allow you to know exactly when and how many offers can you expect and plan accordingly.

Brochures and Local Newspapers

It will be quite helpful for you to get in touch with local newspapers and post ads there. This will let businesses know that you have space available for sale. If you buy your commercial property from a well-known developer like the VRS Group, most businesses in the region will already be aware of the property and will make offers on their own.

In conclusion, its not as hard as expected to establish yourself in the commercial property business. Once you get your first tenant, you will have enough experience to get them all.

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