In the ever-evolving landscape of industrial real estate, attracting the right tenant requires a keen understanding of what they’re looking for. Whether you’re a property owner aiming to lease your industrial space or a real estate professional guiding clients, knowing these key factors will help you position your property effectively.
Key Features Tenants Desires
Open Plan Layout: Tenants appreciate flexibility in their space. An open plan layout allows for easy customisation to fit various operational needs, whether for warehousing, manufacturing, or distribution.
High Clearance: Adequate vertical space is crucial for tenants who need to store or handle large items. High clearance ceilings facilitate the use of forklifts and other equipment, making the property more functional.
Warehouse Size: Demand remains strong for warehouses between 150-400 sqm. This size range offers a balance between space and efficiency, catering to small to mid-sized operations.
Power Supply: Reliable and sufficient power supply is essential. Tenants need to ensure their operations run smoothly without interruptions, making this a critical factor in their decision-making.
Location: The location of the property plays a significant role in attracting tenants. Properties in prime areas with good accessibility, transportation links, and proximity to key markets are highly sought after. For properties in less desirable areas, it’s important to highlight unique strengths and offer incentives to make the location more appealing
Navigating the Market
While the demand for industrial properties isn’t as robust as it once was, and rising rents have stabilised, there are still opportunities to attract tenants. The key is to market your property effectively by showcasing its strengths and aligning with current market trends.
How to Showcase Your Property
Whether your property is in a prime location or a less popular area, effective marketing can make a significant difference. Highlight the features that set your property apart and consider offering incentives to attract potential tenants.
Get Expert Advice
Looking to position your industrial property to attract the right tenant? Contact the team at RWC Western Sydney for expert advice on how to showcase your commercial asset effectively.
Our team can help you understand where your property stands in the market and guide you through the process of making it more appealing to potential tenants.