Is Your Commercial Building Hip Enough?

We’ve been talking a lot about commercial investing and the market. Today, we’re talking building appearances and how they affect your investing strategy.

According to an article in the Arizona Business Gazette, it’s the hip, young and trendy retail and office buildings that will “enjoy the full effects of economic recovery in the foreseeable future.”

Well, here’s the thing – if you are smart investor – you’re going to look for the location as a primary driver for investment. And, if you’re using the Master Lease Option Method, you’ll want to talk to the group responsible for leasing the vacant properties.

Find out how they are marketing the properties. And, let me tell you – it takes more than a sign with “Office Space for Lease.” It’s a much more in-depth process to lease all the offices in a complex. It starts with finding businesses that are looking for that particular kind of space.

This report says that “commercial real estate that is less appealing to employers and retailers will take longer to fill up again with quality businesses.” And, they claim some of these properties won’t recover at all.

While this may be true, there are gems out there that you can make minor improvements to and rent. You’re looking for these in-decent-shape properties to improve and rent out for more than you’re paying in the master lease.

Smart investors aren’t just looking for property opportunities; they are looking for hip and eager business owners to rent this space. How do you find them?

By utilizing the power of networking. You can build a list of potential tenants by hanging out where the business owners hang out. Find out what they are doing for office space. Listen for cues that they would consider moving to a building that better meets their specifications or location.

Want to learn more about building that potential tenants list? Check out my three free videos on the Master Lease Option Method here.