Rent out retail spaces in Greater London

Here you can find a tenant directly if you wish to rent out retail space in Greater London. You can see the tenants searching for retail spaces for rent in Greater London below. You can always use the search function to filter your search, so you only see the companies looking rent retail spaces that match the one you wish to let.  More info about renting out retail space in Greater London.

Get quick help with renting out your business rentals via mail: [email protected].

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Frequently asked questions

Companyspace.com is one of the world's largest portals and search engines for rental and letting of commercial properties. We are used by many companies looking for commercial leases for rent. We are frequently used by brokers and commercial brokers in Greater London, but you are welcome to contact the companies in our database directly for the purpose of renting out your business premises and commercial real estate, even if you do not use the assessment and advice of an advisor, broker or commercial broker in Greater London.  If you have commercial leases, commercial properties, investment properties, rental properties, properties and commercial premises or premises for rent, then you have come to the right place.

Guide: Rent out retail space in Greater London

When you as a real estate company, private landlord or company are renting out retail spaces, it is important that you do it in a structured manner and take into account a number of conditions. In this way, you avoid being in a situation where you cannot rent out your premises for rent, or where you do not get the rent you expected.

We have developed this guide on how to quickly and best rent out your commercial property.

1. React quickly when you receive a termination of a commercial lease

When your existing tenant terminates his lease, you as a landlord usually have a minimum of 3 months to find a new tenant for your commercial space. However, this can vary from place to place, and therefore it is important that you check your lease to make sure how long you have before you no longer receive rent.

When you get a termination, you must therefore react quickly by putting your commercial lease up for rent again. Renting out premises is not necessarily fast. This does not mean that you should rent out your premises to the first possible tenant, but that you should familiarize yourself well with the market so that you know what type of tenant to apply for and what price you can expect to get for your premises.

Many landlords wait far too long to start the process of renting out. It can  end up costing the landlord a lot of money because they will end up with empty spaces for which you don't get the monthly rent.

2. Make a review of your retail spaces for rent

It is important that you start by familiarizing yourself with the type of business premises you have. What is the size of the premises and how many commercial premises are there?

It is also important that you consider what services and facilities you can offer. Are there meeting facilities, meeting rooms canteen, parking or anything else that may be interesting for the tenants? If you can offer something that companies can't find anywhere else, that's an advantage.

It is also important that you review the lease and make sure that it appears delicious and inviting. Remember that tenants will benefit from renting a commercial lease that is well maintained and inviting.

Once you have mastered the above, you can start thinking about how you want to price your business premises. Here it is important that you take into account a number of conditions such as size, location, services and facilities. You also need to be aware of what is standard in the market so that you don't price yourself out of the market. On Companyspace.com you can always see what similar commercial premises cost.

3. Make a profile of your future tenant

Once you've analyzed your lease and its benefits, you can start thinking about what type of businesses will benefit from renting your commercial premises. Which industries are best suited to your location? What sizes of businesses will benefit from your facilities? And what services will they appreciate?

As a landlord, you earn your money through long-term rentals. It is very expensive to have tenants for a shorter time. The better you are at profiling your ideal tenant, the more likely you are to find the right tenant who will stay for many years.

The prerequisite for making a lot of money as a landlord is that you have a tenant for many years. This means that you have to find the right tenant (who fits well with the premises), but also have to find a tenant with a successful business who will be able to pay rent for hopefully many years.

4. Describe your commercial lease in a listing

Now you are ready to make a sales presentation. The purpose of the sales presentation is to create an description of the lease that matches the type of company you want to get into the lease.

The sales presentation must include data on area, location, type, price, annual costs, other conditions.

The sales listing must also contain a full description of the lease as well as photos.

5. Find out if you want to use a commercial real estate agent

Most real estate companies and private landlords are responsible for the rental of their commercial leases themselves, as it is very easy. But there is an opportunity to use a commercial real estate agent who specializes in renting out business premises.

The commercial broker can help you with

-They make a sales presentation and assessment

-They find potential tenants

-They make a rental agreement

-They are responsible for all contact with the tenant and with advice on the optimal tenant

-They make sure that the lease is rented out

It can be an advantage to use a commercial broker as they can have a larger network and thus can find more potential tenants. They are also responsible for all contact with the tenants and make sure that the lease is rented out.

6. Promote your commercial lease

Now you are ready to start marketing your premises. Here's the obvious process:

Advertise your premises on Companyspace.com

It is very important that you make a good ad that describes your premises and your contact information clearly. Remember to take some good pictures of your premises so that the tenants can see what they are renting.

You post your ad directly here on Companyspace.com, which is one of the worlds largest portals and search engine for available business premises.  Companyspace.com is used by almost all companies that are in search of new premises. In other words, by advertising your premises on Companyspace.com, you expose the commercial premises to a large part of the companies looking for premises at any given time.

Contact companies looking for business premises directly

You can also contact companies looking for new business premises directly. Many of these companies describe their wishes on Companyspace.com. You can search directly in the directory for tenants and contact the companies looking for premises similar to your commercial premises directly and invite them to a viewing.

Use your network to find a tenant for your commercial lease

Many companies find their new premises through networks and personal contacts. So if you know someone who is looking for new premises, reach out to them and tell them about your business premises. Maybe you can make a deal.

Use social media

Social media is a great opportunity to reach many potential tenants at once. Create an ad on Facebook or other social media so more people can see your rooms.

7. Show the commercial lease to interested tenants

Now interested tenants are starting to pour in. When showing the commercial lease, make sure you have a mental list of questions so you can find out if they are the right match for your premises. Remember to give the tenants time to look around and ask questions. Also remember to be open in relation to negotiating price and in relation to the wishes of the potential tenants.

8. Check out the tenant

Once you have found a tenant that you think you want to rent out your commercial lease to, it is very important that you check out the tenant. The most important thing is you examine the tenant's financial circumstances. You can easily pull the tenant's accounts through public databases. It is also important that you use your gut feeling. It can be very expensive to rent out premises to the wrong tenant.

9. Sign the lease

Once you have examined the tenant and are sure that everything is in order, then it's time to sign the lease. Remember to have the lease checked by a lawyer to make sure it's ok. The lease agreement must, among other things, contain information about the rent, deposit, binding period, areas of use, expected costs, maintenance and subletting.

10. Keep an eye on your commercial lease

Even if you have signed a lease with a tenant, it does not mean that you no longer have to keep an eye on your commercial premises. You still have to keep track of how it is maintained and whether there is damage and whether the tenant treats your property properly and fairly at all.

 

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