Commercial real estate guide

Locationg plays a huge roll in determining the value of a property. This is especially true of a commercial real estate property. Being in a good location means that you will be able to attract and retain tenants. Whenever you are trying to find a property like this there are some things that you should actually be on the lookout for. These things include:

1.You will want your property to be located near major roads and freeways that provide easy access for your customers and tenants to get to the property.

2.You will want to be near a busy street that has a lot of traffic. Oftentimes an advertisement for a commercial property will list the traffic volume in terms of CPD (Cars Per Day) but you will also want to be concerned with foot traffic as well.

3.You will want to be near some of the bigger retail stores, such as WalMart and Home Depot, that will bring you a lot of traffic.

4.It is a good idea to be located at an intersection because it will be more visible by cars stopping at traffic lights and the people in them looking around.

5. It is also a good idea to be near local amenities such as a stadium, college or big shopping mall.

6.Make sure that it is easy to get into and out of your parking lot.

7.There needs to be an adequate amount of parking or else people will avoid your commercial real estate property. You should have 1 parking space per 1,000 square foot of space that you lease. Of course, it is even better to have between 4 to 6 parking spots for this amount of space.

8. Signage showing the business name and address is also important for commercial real estate. This is something that customers look for. It is a good idea to make sure that this signage is plenty big.

9. The neighborhood and building should be appealing to both your tenants and their customers. With good construction and landscaping you will improve your ability to keep your building 100% leased.