By KELIN DILLON
While the U.S. commercial real estate market is filled with plenty of inventory – an estimated 5.9 million exclusively commercial properties in the United States as of 2022, according to the Commercial Buildings Energy Consumption Survey (CBECS) – finding suitable tenants for these properties is no easy feat.
It’s widely considered across the industry that finding occupants for residential spaces is simpler than finding them for their commercial counterparts, an issue that can be felt throughout the pockets of commercial property landlords as enduring vacancies result in financial stress. As such, many landlords find themselves settling for tenants that would otherwise be deemed inadequate for the sake of filling these spaces, which can later reverberate into problems for a landlord if a chosen tenant’s business fails or shuts down. As such, many landlords are left with a conundrum: lease their property to someone less-than-ideal and assume the risks that come with it, or leave the space vacant and continue burning a hole in their pockets.
A new way
Enter Retail Tenant, an industry-disrupting platform utilizing technological innovations to provide landlords with simple solutions to their vacant properties. Operating as a real estate search engine of sorts, Retail Tenant allows landlords to look for potential tenants with a myriad of helpful potential search metrics, ranging from location to square footage, to pinpoint the ideal occupant for their retail spaces.
The platform has been infused with ideas from leading U.S. commercial real estate investors, including co-founder Yasmin Tavakoli, an entrepreneur with an established voice in the industry and the proven experience in the sector to back it up. Taking note of the difficulty many landlords were having in finding suitable tenants for their properties, Tavakoli decided to take matters into her own hands, infusing her extensive knowledge of real estate with modern technology to create Retail Tenant.
Though not the first search engine of its kind, Retail Tenant breaks away from the constraints of other commercial real estate platforms by providing all the details and data necessary for a landlord to make an informed decision when selecting a new tenant for their properties. The burgeoning platform streamlines all this information through its user-friendly interface, making it easier than ever for landlords to find the perfect occupant in a matter of seconds.
Compiling relevant data, like potential tenants’ expansion plans, unique requisites for a space, and their agents’ contact information, landlords are now just a click away from filling their vacant commercial properties by using Retail Tenant’s extensive database.
Delivering safety and transparency
Tavakoli and the Retail Tenant team have done their best to make Retail Tenant as transparent for users as possible, giving data on demographics, state-by-state property criteria, and other details needed to be taken into account when on the hunt for a reliable and trustworthy tenant across all 50 U.S. states. Always open to new ideas, the Retail Tenant team likewise welcomes user feedback with open arms as it is eager to evolve the platform into the most efficient form possible.
Presently, Retail Tenant is offering a 7-day trial for new users, confident that the trailblazing platform’s game-changing search engine will keep landlords coming back for more to fill all of their outstanding vacancy needs.
For more on Retail Tenant, visit the paradigm-shifting platform’s website to get started today, or visit Tavakoli’s social media for the latest updates.