Finding tenants to Lease Office Space to, have tried the usual
Hey everyone I’m new to the business, how do YOU go about finding tenants for an office business? Is LoopNet worth it? I’m new to the industry, I’ve put a sign outside clear saying “For Lease…” LoopNet, Craigslist, FB etc! Thank you!
[{"id": "iioxxk1", "text": "Office brokers", "replies": [{"id": "iip2d4w", "text": "This. Hire a broker. You are an owner. Let a pro market the space. Good luck.", "replies": [], "depth": 2}], "depth": 1}, {"id": "iiozfrh", "text": "For smaller spaces i would guess your looking for mostly small business and mom &amp; pops.  Crexi and LoopNet are what you need.  Some markets have more local listings services such as AIR in Los Angeles.   I don't think you want to post on Craigs list or FB but you could always try...", "replies": [], "depth": 1}, {"id": "iipvrb8", "text": "Hire a broker who has the tools, templates and technical skills plus relationships and market knowledge", "replies": [], "depth": 1}, {"id": "iir4r26", "text": "I was able to fill up a 22 unit commercial office building by advertising on instagram and loop net - I also digitally staged the office units to inspire potential tenants with what their office might look like renovated. I think this was huge in getting people to see the vision and getting them to imagine the potential.", "replies": [{"id": "iirxkwd", "text": "Was it through a paid Instagram ad? Thank you for the response!", "replies": [{"id": "iisc02e", "text": "Loop net, paid instagram ads, and word of mouth was enough to get me to fill up the units! I hope this answers your question!", "replies": [{"id": "iisvgtf", "text": "What method did you use to target with the paid ads on Instagram? Curious about the decision making process and if there is a method that could be applied to any market. Hopefully not too vague of a question.\n\nAlso, did you do anything in particular on Loopnet or was that simply posting a regular listing for the space?", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "iist56u", "text": "How did you digitally stage the units? We have several units that need some work and we're hoping someone will come in and renovate them instead of us guessing at what someone will want.", "replies": [{"id": "iistbfy", "text": "Use Styldod.com - have them render different look and inspirations for you.\n\nYou can see what they did for me by typing in \u201cMontclair \nOffice center California loop net\u201d into google.", "replies": [], "depth": 3}], "depth": 2}, {"id": "iiualie", "text": "Nice. You should probably specify that these are executive suites though, this form of advertising (Instagram, craigslist etc.) works really well when it's a single person/business owner looking for an office with space for a few desks. \n\nGlad to see you bought your own building though. Way to go man. Much better than being partners with someone else -- especially junior partner which is what we were offering when you came out to meet with us. \n\nI know you have this subreddit to turn to, but feel free to reach out if you ever need any advice or would like input on anything. Also, if you keep adding to your portfolio and self managing gets to be too much come talk to us. We own our properties but also have a full fledged professional property management company. The annual reconciliations aren't going to be fun if you don't make sure your accountant knows the ins and outs of commercial real estate accounting.", "replies": [], "depth": 2}], "depth": 1}, {"id": "iiriavq", "text": "It will be hard right now depending where you live and what covid is doing. Where I live many companies are enforcing a minimum of 2 days working from home. Office is very cold right now but if you hold for about 5 years you should be able to sell for a good profit as I expect people should be back in the office by then", "replies": [], "depth": 1}]