- Aug 3, 2021
London is one of the most competitive towns to live and work in the world. When you have a business, office space is a critical factor in running a successful venture.
The Chiswick area is considered a place where office space is in high demand. If you are a property owner, you need to have a plan on how to go about renting it so that you can make money letting out your property. If you are new to this, you may need tips to maximize your business. Here are three tips to letting an office in Chiswick:
1. Whom Are You Competing Against?
Knowing your competitors is one way to get ahead of the game. The competition preferably has something that you lack that makes them dominate the business.
If you are to let your property, it should have something more than what they offer and most probably an improvement on that. To make your property noticed, think of what your competitor is offering. Chiswick business park is full of specialized zones fit for office space, with all the crucial office amenities you could ever think of consolidated into one area. You have to take a step further to ensure your space attracts as many clients as possible.
In such a prime area, you should exploit the location by anticipating for all the traffic it shall bring.
Wrong pricing can negatively impact your business. As a property owner, ensure that you have the prices right for what you are offering. If your tenants find a better place to rent, they will move to leave your property vacant when you are considering the price gauge the amount of money you would be willing to pay for it yourself.
If you have a great office space with all the necessary amenities, you can go over what is in the market. A competitive price will always ensure that you have tenants all through. Lowering the cost below what is on offer can often be counterproductive. Consider the market prices for the properties around and then decide what amount should be suitable for your space.
3) Set Up The Show Area
When you have your office space, you have to show it off to potential tenants. You can have a portion set up to perfection to give them an idea of what they can do to the place. You also need to ensure that your customers see a well-maintained office space.
Clean up the area and have repairs conducted on any damaged areas. Repairing the broken lines and painting over the wall can make the property appear new and clean.
Your tenants can almost envision themselves in the office space. A show office needs to be well-groomed. You can hire someone to help you set up if you are not that good with interior design.
You can employ some furniture and have some beautiful pieces that bring out the ambience of the office. Lighting ensures that every unique detail in the room is visible from every angle. You can also play with the light to make space appear larger and fine-tuned. With a great set up, you can even post beautiful photos of your area on the web to draw more attention to it.