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Updated about 8 years ago on . Most recent reply

User Stats

74
Posts
9
Votes
Bharath Raj
  • Investor
  • Houston, TX
9
Votes |
74
Posts

How to get this commercial leased

Bharath Raj
  • Investor
  • Houston, TX
Posted

I bought a medical office space in Houston, close to University of Houston in 4/2017. I hired a realtor to list it on loopnet. I have called a few organizations to see if they may be interested. I have had no luck so far. My realtor keeps telling me that it's normal for commercials to sit on the market. I created a listing on craigslist on my own and have been renewing it weekly for the last month. What else can I do to make my own luck? 

Most Popular Reply

User Stats

15,226
Posts
11,342
Votes
Joel Owens
  • Real Estate Broker
  • Canton, GA
11,342
Votes |
15,226
Posts
Joel Owens
  • Real Estate Broker
  • Canton, GA
ModeratorReplied

"I hired a realtor to list it on loopnet." Is this a retail or office specialist tenant leasing broker?

If not putting on Loopnet really doesn't do much at all. You need a tenant leasing broker that has the relationships to get your property in front of the potential tenants.

The tenant rep brokers spend many months or years working with tenants planning the next move to a space or location like I would spend a bunch of time selling a property.

I realize the best use of my time as a developer is to let someone else do what they are best at.

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