Do you own a commercial space in Montreal? If yes, you must be thinking of renting it out.
There are a few things to consider before renting out the commercial space.
Commercial spaces never go empty, especially when the location is great. Besides, you have to ensure that the commercial space is fit for your client. What kind of clients are you targeting? It could be brands, companies, salons, etc.
Now, here’s an article that sheds light on the subject, ‘how you should go about renting your commercial space?’
How to Set a Price for Your Commercial Space
If you’re new to renting out commercial space, there are a few things you need to keep in mind.
Setting the price won’t be easy! You have competitors all around! There are other Montreal commercial spaces – they might be giving out the space for rent at a lower price. Perhaps they are also providing the space at a terrific location.
Here’s what you need to do:
- Focus on making the space look great. If the space looks appealing, prospective renters will come to you. Let’s give you a quick example here. Would you ever rent a shabby-looking house? You would never do that because you are paying a price for it. If you want the deserving rent for your commercial space, you have to make the space look attractive.
- Calculate the price by keeping the square feet in mind. You can also compare the rental rates of other commercial spaces. What are they charging? Are they providing a better deal? If you have a furnished commercial space, you would get a better price. In case it is an unfurnished and raw commercial space, the other party would have to spend extra money to get the interiors done. You would have to set a justified rental price for your property.
- Do research before putting the commercial space on the market. You need to ask around and see what others are already paying for commercial space like yours. You could also ask how the lease is structured. When the rental rate and lease terms are appealing, you will get more clients.
Concluding Thoughts
Do you know you can rent your commercial space with Anthony D’anello?
That’s correct! Your space would go off the market sooner when you have the Anthony D’anello team by your side. Bear in mind, if you want to get the right worst for your space, it’s important to choose the right real estate agents and agencies.
