At a Glance:
- Improve the property’s facade with fresh paint, trimmed landscaping, and repaired fences or driveways to enhance curb appeal.
- Upgrade entry points for large vehicles and ensure ample, well-maintained parking to attract logistics-focused tenants.
- Add energy-efficient lighting, upgrade flooring, and improve key areas like bathrooms and offices for a more comfortable working environment.
- Ensure the property is fully functional, complete with necessary compliance checks, flexible layouts, and defined zones for office and warehouse use.
Real estate has always been one of the best investments. As more and more people realise the return on this asset, they are investing more in industrial real estate. As a result, the property owners have felt pressure to market their industrial property for sale or lease in the competitive market, where standing out has become essential.
Fortunately, there is some good news. A few strategic updates can help you stand out among competitors in the saturated real estate market, making it a more appealing option.
If you’re planning to sell, lease, or increase the value of your industrial property, you’ve come to the right place. In this blog, we’ll learn how to make your property more appealing to potential tenants or buyers.
Tidy Up the Exterior
First impressions matter. Your property’s exterior is the first thing people notice. A well-maintained facade signals professionalism and reliability, both of which are highly valued by industrial tenants.
If your property is not appealing from the outside, no matter how much effort you put into the interiors and utilities, the buyers or tenants will give it a second thought.
You might need to repaint the faded or damaged areas on the wall and trim the overgrown landscaping. Likewise, repairing fences and driveways can make your property more appealing to potential buyers or tenants.
If your property is currently vacant, engaging a trusted commercial property management team can help ensure regular upkeep and boost its curb appeal.
Improve Access and Parking
Industrial real estate is likely to be used for warehousing, factories, or distribution centres, all of which require and prioritise logistics. That means easy access, ample space for vehicle movement, and practical on-site parking solutions are a must.
If you want to make your property more noticeable and attract more potential buyers, consider upgrading the entry points for large and heavy vehicles. Also, ensure that your parking area has ample space, clear markings, and is well-maintained.
If you don’t have great access and parking facilities, your property will lose value, at least as an industrial property. No operators would want disruption in their logistics or parking issues when they are already in a fast-paced industry.
Modernise Facilities Interior
While many industrial properties are built to be functional, a few modern touches inside can make a stronger impact. It is a little effort that you can use to your benefit.
You can upgrade to energy-efficient LED lighting. Likewise, improving the flooring in high-traffic areas, as well as the bathrooms, staff kitchens, and office areas, can make all the difference.
Tenants are more likely to commit long-term to a site that offers a comfortable and well-maintained working environment.
Make It Move-In Ready
The less work a tenant or buyer has to do, the more attractive your property becomes. Make everything ready, from the utilities and decoration to other functions.
Moreover, you can go the extra mile by conducting necessary compliance checks. This can range from anything required to operate an industrial property to fire safety and hazard assessments.
Additionally, offer flexible layouts or clearly defined zones for office and warehouse use. This will enhance the functionality of your property and make your real estate significantly more appealing.
Take Help from a Professional Real Estate Agent
Even the most attractive property needs the right exposure. Partnering with an experienced industrial real estate agent ensures your property reaches qualified buyers or tenants who are actively searching for industrial properties in demand areas like Melbourne’s southeast.
Their services include tailored marketing, in-depth local knowledge, and strategic positioning to help you get results faster.
The bottom line is that increasing the appeal of your industrial property doesn’t always mean a full-scale renovation. Often, a few targeted upgrades and smart presentation choices can boost your property’s market value and speed up the leasing or sale process.
