Navigating an Industrial Lease is no easy feat; from managing acceptable uses to negotiating a fair market rate, leasing in today’s market landscape can prove to be intricate, no matter how large or small your property is.
Having a strong understanding of market shifts and how businesses are approaching their needs plays a large part in the successful placement of a tenant, and it’s no secret that finding the right agents to help you allows for a simpler process.
With an ever-growing portfolio of buildings, we’re currently responsible for leasing over 100,000 square feet of industrial space across several Landlords and buildings.
Being trusted with such a task is a feat we take seriously – from market analysis, to tenant vetting, all the way through the transaction to key release, we have created and implemented systems that assist Landlords in mitigating risk, vacancy rates, and increasing portfolio value and net operating income.
How We Work
Whenever you’re leasing a space, be it a 1500 square foot industrial condominium or a 60,000 square foot big bay facility, finding the right tenant is imperative in your overall success and management as a Landlord.
We take the time to understand the ideal use cases for the space, and pre-qualify each prospective tenant before showing the unit to ensure that their use can fit the space.
If we think a prospective Tenant can cause problems for you as the Landlord, we do our best to sniff it out early and disqualify future headaches.
Once a prospective Tenant is approved for a showing, we meet with them at the property and ask a series of further qualifying questions to see how they respond in real-time, learning more about them, their business and how they are as operators.
We take your space just as seriously as we would our own, and want to ensure that the Landlord and Tenant will be a good fit for each other for years to come.
Hoping to get the best ROI from your commercial asset? Book a consultation with our team.
The Process
Following an initial walkthrough of the property and review of any and all units within your portfolio, we put together an analysis of what’s actively leasing surrounding your property, conduct research on competitor’s TMI costs, and stack up each unit’s individual identity with what else is leasing, or is to be leased on the market.
Following the analysis, we’ll go over any possible challenges we may face while this unit is on the market – examples being as simple as whether prospective tenants require updated lighting, all the way to if a renovation is necessary after a long-standing tenant has left the unit.
Up to the Minute Updates
Once we’re on the market, you will receive consistent updates about who is coming to see the unit, what types of uses their businesses are, and any possible feedback from conversations with Tenants and their agents that may aid us with this or other leases within the portfolio.
How We Stay Efficient
If the unit is Tenanted, we work closely with the existing Tenants to ensure that their business is minimally impacted by showings, and minimize the time between the current Tenant leaving, and the new Tenant moving in, to allow for as small a vacancy as possible.
We take great pride in maximizing dollar per square foot value while mitigating on-market time, to ensure a lower carrying cost and higher portfolio value for the Landlords we work with.
Negotiating the Best Deal Possible
Following any interest of a prospective Tenant, we work closely with the Tenant or their Agent to ensure that any offer is as accurate and readable for you, and explain each facet of that offer to you.
Once we present the offer to you, we’ll discuss our suggestions for if any changes need to be made to the offer and start our negotiation from there – we pride ourselves on a fair but firm negotiation style, and ensure that not only the Landlord is happy with the end result, but that the Tenant will stay happy and believe they were treated fairly to ensure a long-lasting relationship with minimal headaches.
After all is agreed upon and any conditions are cleared, we work with the Landlord, current Tenant, and new Tenant to ensure a smooth transition, insurance is in place, utilities are transferred, and the keys are being released from Landlord to Tenant with everyone feeling great about the new relationship!
How We Can Work Together
If you, or someone you know, is looking for assistance in the purchase, sale, or leasing of Industrial Space, we’re here to help more Landlords grow their portfolio and operate the best they can.
Simply fill out the contact form, send us an email, or give us a call and we will do our very best to make sure your real estate journey is as stress-free and seamless as possible!
Need an expert commercial Realtor? Get in touch at christian@naccaratogroup.ca or call (647) 492-6508.
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