I manage a commercial office space building in Randolph, Ma and I have been having issues finding business tenants. I have done things like putting ads on Craigslist as well as MLS listings. I have large space listed as well as really small low priced space. I'm starting to wonder if the market is just not here? Any thoughts?
so how long have you been managing this space and what is your experience with commercial and or residential leasing?
@John Tower iv been managing the building for almost two years and commercial leasing has been very difficult. We first had to evict about a third of the building when first getting it because of non paying tenants. Now we have very little showings even on space as cheap as 300 per month.
well I don't know the area so I can't really speak with any authority regarding location....often price point is far below other considerations. Area and demographics....decent anchor business and property condition, accessibility etc.