Use prices that are comparable to rental space in the area and have a fair price point on your advertising.
Be Fair with Amenity Costs
The same point from the market value holds true here. No one wants to be paying too much in utility fees when they look at other options with cheaper bills. If you are working with an agent, this may be the first thing they speak to you about. They won’t want to try and fill a space that is overpriced. The odds will be stacked against them, and if it doesn’t get filled it looks bad on them.
Easy Ways to Stand Out for Future Tenants
When looking for your future tenants, there are a couple of simple upgrades or features you can offer that will stand out on a listing.
Have Energy-Efficient Utilities
This is especially relevant in bigger-city areas, like New York or Miami. Some building owners make energy-efficient improvements with solar panels or wind turbines. This attracts tenants who want to see improved corporate social responsibility. Plus, it saves everyone money on their electric bill. Other upgrades are HVAC system improvements, double-paned windows, or energy-saving window panels. These cost a lot in electric bills and can be marketed hard in cities where they are available. You can even get tax breaks by doing things like this. Just reach out to your local energy company for information about these programs and other available cost-saving programs
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