Are you a Landlord with a commercial / industrial space for lease?
A Landlord needs a real estate professional to help in selecting the Tenant for the property and effectively placing the commercial or industrial property for lease on the market.
Leasing a commercial real estate property requires plenty of research and planning with lots of leg work in finding the correct business to occupy the space. Target Realty Corp. will do all the work – while you run your day-to-day operations.
But first – we want to establish the lease rate.
Unlike sales statistics, there's no requirement to report commercial lease rates within our industry. Lease rates don't seem to be public information. We gather our information internally and from our industry contacts.
We consider current net asking rates for the Calgary market, the most comparable deals completed within the last year, and trends for comparable land and building size range, function, and location. We consider the specifics of your location: transportation and bus routes, age, quality, and construction of the building, offsite improvement, site specifics, business neighbours, and environmental concerns.
The considerations used to value the properties and conversion of that value into a market lease rates involved the following:
Land Value ~ Building Value ~ Building Features Value
Market Comparables ~ Capitalization Rates ~ Today’s Comparable Options