Paley Commercial Real Estate leasing agents are not only experts in the area where the commercial property is located, but are always available and close by. This way, they can respond quickly to leasing inquiries rather than suggesting a potential tenant simply drive by. Our Woodland Hills office is strategically located within close proximity to all of the major freeways that service the San Fernando Valley. The Valley is the area we have specialized in for nearly four decades that has resulted in our having transacted hundreds of commercial leases from Calabasas to Tujunga and everywhere in between. All of our commercial real estate brokers and agents were born, raised, and live here which gives Paley Commercial Real Estate a distinct advantage over the San Fernando Valley’s other commercial real estate firms.
Establishing a proper and realistic lease rate is the first step. A Paley Commercial Real Estate agent accomplishes this by sifting through recent lease transactions and current area availabilities with the Commercial Property Owner, then comparing their characteristics to the subject property. After this is completed, a price per square foot is established along with the length of lease. In addition, your leasing agent offers generic improvement recommendations to the building or space (if required) which would make it for more enticing to prospective commercial tenants. This is always done keeping the commercial property owner’s best interests in mind which would result in successfully leasing the space out sooner and at a higher rate. A recent example of this was with the Property Owner of an office building. She contacted us regarding space that had been on the market for over a year! President Jon Paley and Vice President Camille Paley met with her and suggested some things be done to freshen up the vacant space. They suggested repainting the suite white to brighten it up, replacing the damaged ceiling tiles, replacing the old florescent fixtures with new LED lighting, and cleaning the existing carpet. Low and behold, through our aggressive marketing efforts, coupled the improvements suggested by Paley Commercial Real Estate we were able to lease out all of the space in three short months! The Owner couldn’t be happier with her improved cash flow which allowed her to refinance the existing loan just as interest rates soared!
Exposing the space for lease to qualified tenants is absolutely essential. At Paley Commercial, there are a variety of ways we go about this. A professional brochure is compiled by our Listing Secretary that includes the salient facts of the space, exterior and interior phots, maps of the surrounding area with major tenants, landmarks, demographics, and other area businesses. Next the property is posted on LoopNet/CoStar, the preeminent commercial real estate multiple listing website. This elite commercial multiple listing service is available to prospective tenants and the entire brokerage community in order to receive the necessary exposure a commercial property requires to get “LEASED”.
Qualifying a prospective tenant is something Paley Commercial Real Estate prides itself in. We do extensive background checks, run credit, research both professional and personal references, and delve into a tenant’s commercial real history. If it’s a new business, we typically require more of a security deposit. Equally important when leasing out a multi-tenant property, we access if the “new” tenant will be a good fit with the existing tenants in regard to their use and way of conducting business. After weighing all these extremely important factors, our commercial real estate agents make recommendations to the property owner, but the decision is always theirs. We would rather urge a landlord not take a questionable tenant rather than risk a problem. Paley Commercial does its very best to ensure that the tenant we bring to the landlord is thoroughly vetted.
To experience Paley Commercial Real Estate’s unique leasing approach contact: