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Leasing Vacancies
Leasing
Vacancies
01Every leasing assignment at Baboudjian Properties begins with the goal to outperform the competition set in the market. We constantly analyze market metrics to determine lease rates are at market value. Hard work and accountability, combined with proactive communication, results in a quicker turnaround. We are one of the most active leasing firms in the industry, and work with various developers to lease their vacant units faster and for higher rates with quality tenants, thus increasing the value of the subject asset, as we prepare for the property’s sale.
Our process consists of an initial walk through to determine the condition of the space and whether any upgrades will be needed. As soon as the unit is ready, we prepare the marketing needed to list it for lease on various listing sites. Thereafter, we will conduct showings and screen prospective renters. With the client’s approval, we work on fully executing the lease with the lessee.
Leasing Apartment Units
- Thorough Walk-through Prior to Listing
- Repair & Improvement Recommendations
- Professional Photography & Enhancing
- Listing Sites & Conducting Viewings
- Background & Credit Screening
- Client Review & Approval
- Full Lease Execution
Preparation & Execution
We will first conduct a walk-through of the vacant unit to make our assessment. After the walk through, we will prepare a list of recommended items to conduct the build-out, and improvements that would help the rental value. We will also provide our recommended listing price point for optimal traction. We can provide recommended vendors, suitable for the tasks needed to be completed before listing the unit. Once the repairs and improvements have been completed, we will take professional photos and prepare the marketing items needed to list the vacancy. And lastly, we will go ahead and post the vacancy on various listing sites.
Showings, Screening, Signing
We will conduct as many showings and viewings needed, in an effort to make sure we obtain a strong and qualified prospect. After properly screening the prospect, and vetting their application and information provided, we will submit qualified prospects to owners for final approval, before the lease is executed.
Leasing Commercial Space
- Professional Photography & Enhancing
- Listing Sites & Conducting Viewings
- Right Placement of Business
- Broker Networks
- Lease Negotiations
- Full Lease Execution
Relationships & Stable Tenancy
It’s important to have a real estate company that understands the various commercial lease types that exist in the market today, and how to negotiate commercial vacancies. Various aspects such as tenant improvement allowances, net versus triple net leases, common area maintenance bill backs, and rent abatement fall within the realm of the negotiations.
Signage & Marketing
Signage and online exposure are also key elements on how we market commercial spaces for rent. Because of the relationships cultivated over many years in the Southern California commercial markets, we have developed considerable contacts suitable for most spaces. Our goal is to obtain a steady and long-term tenant, that would operate their business in your space successfully.
