How to improve and lease a worn down office building

[Jeff Glinski]

I've purchased a 4 building office park that has had virtually no maintenance over the last few years of ownership.  It still has about 30% occupancy but I need to increase that fast.  To those with experience in this realm, please help me answer the following questions:

1.  What improvements are most important to new tenants?  Which project should I tackle first (structural like roof, mechanical, cosmetic exterior, cosmetic interior, interior maintenance, etc. .   There is only a certain amount of improvement money but everything has been left in place for years, and I need to get people in quickly to increase rents to further fuel these improvements)

2.  What are the best strategies you have used to find new tenants for Class C or B office buildings?

[Patrick Liska]

concentrate on the structure, roof, mechanical and exterior cosmetics. most companies that rent will want to do there own interior renovations. if you want to just spruce the inside for showing, just do an inexpensive paint job.