Sunday, 5 October 2014
Tips for Perth Commercial Real Estate Owners: Reducing Vacancies
Keeping your property well maintained and current will ensure your property remains of interest to potential lessee’s making your property the better option to occupy which ensures your property value is maintained with a good financial return on investment. It’s best to practice efficient ways to reduce the vacancy rate of Perth commercial real estate properties. Fair Rent Don’t overcharge your tenant rent. Keep in mind that prospective tenants of your commercial property would have done their homework and thus would know the fair market rent value of the property. If you’re within the fair scope, but still find you couldn’t score new tenants, look into reducing the cost; it should still be viable as long as it doesn’t go under the market value and you end up losing money.