Simple ways I have helped assist clients turn their extra commercial space into DOLLARS $.
As a professional Real Estate Broker, I am always assisting my Clients by reviewing their lease space and or business space and advising them in concepts that will bring in extra cash flow.
One example is a client who owns their own building and runs their daily business from that location. On a recent visit to the client I observed that there was valuable space that
was not being utilized. I pointed out that with minimal construction costs and refiguring the space I could lease that space to a potential tenant. I recommend that we meet with a contractor who can provide a proposal and my client can determine if they want to make the changes and lease their space.
Often times the construction costs are minimal compared to the additional cash flow they will receive when I lease their space. The positive results for my clients have been on many occasions a minimum of a three-year lease rental with a three-year option.
Another success story is seeing a clients operation and commenting that one employee’s office was only being used at a quarter of the entire office space. In further talking with my client I determined that much of the employee’s work is in the warehouse and he needs to walk back and fourth across the building. By simply building an office in the mezzanine area over the warehouse, adding stairs and a window the employee can oversee the warehouse operation and be more accessible to the other employees.
The benefits to my client are a more efficient workflow. Once again I leased out the entire extra office space and my client has income from a new three-year lease with a three-year option.
As my clients professional Real Estate Broker I need to be creative, a problem solver and always thinking out of the box. These success stories are a “win win” for everyone.