If you have extra office space at your place of business, don’t just let it sit there unused. List it on the marketplace and earn some additional revenue from it.
While you might think that leasing out office space in your building is something that’s best left to commercial real estate agents or brokers, the truth is that anyone can list extra office space for rent and earn some extra cash in the process. Here are three reasons why you should consider listing your extra office space for rent:
1. Take Advantage of Demand
Experts agree there is currently more demand for office space than there is supply. This makes it a seller’s market, meaning you can list your space for rent in Detroit, MI, higher than average.
According to recent studies asking prices rose by an average of 3 percent nationwide. If you’re thinking about renting, get started today!
2. Offer New Services
Many times, tenants who are looking for office space don’t want to lease an entire floor as they just need room for a few desks and cubicles. By listing your space, you can offer new services such as conference room rentals or private office rentals. Whether your current occupants aren’t using all of their space or you’re just looking to squeeze out every extra dollar in profit. Renting a room or a floor will give your business more flexibility.
3. Get a Great Return on Investment (ROI)
Why pay for office space you’re not using? Before deciding to list your space for rent in Detroit, MI, as an investment property, investigate similar properties in your area to determine what prices have recently sold for. If you decide renting is right for you, find a team of experts who can assist with the rental process.
Learn more about listing your space for rent at SaGE Workspace.
