In the commercial real estate market, having a successful portfolio of properties is the primary goal of all investors.
Partnering with a buyer’s agent, such as Broadway Property, is essential to the success for you as a commercial property investor, owner occupier or developer.
It is crucial to consistently analyse and adjust your assets, and identify any key areas for improvement or investment to enhance its success.
Diverse Property Types: Diversifying in property types and locations is a responsible way to bolster your portfolio. There is also the option of varying industries, which not only strengthens your portfolio, but is an effective method of ensuring steady income. Consider retail, office, mixed-use buildings, and other types of commercial property, and try to maintain a mixture of large and small properties to minimise risks of volatile industries.
Asset Selection: Research profitable locations for commercial property, and measure this against your budget and investment goals. It’s a good idea to remain aware of current market conditions and any relevant industry trends, and assess how this may impact any properties of interest before you invest.
Tenant Management: Keeping your property occupied is key in commercial property ownership. Consider having a diverse range of tenants which can protect you from industry downturns. Offer good deals to quality tenants and maintain strong relationships to encourage long-term leases.
Property Administration: Conducting regular reviews of your portfolio is the primary way to ensure you are maximising your real estate successes. Assess each property and identify any underperforming assets that may need to be sold or improved in some capacity to increase revenue. Measure the costs of each property against their returns, and decide whether their investment is still worthwhile. Offloading disappointing assets keeps your portfolio healthy and financially beneficial.
Our committed team of experts can share their insights, advice and support to ensure your commercial property portfolio is competitive, secure, and profitable.