Tips for Choosing an Agency to Let Your Commercial Property in Bristol

Bristol is a city where many companies, large and small, have established a base. The commercial property market is strong, but for inexperienced commercial property developers it can be a challenging experience.

From offices and warehouses to retail units and food outlets, owning or managing a commercial property in Bristol involves a lot of work. This is especially the case when the property become vacant and new tenants must be found. Few landlords have the time or inclination to take on this task themselves, preferring instead to hire who can deal with everything on their behalf. In London, there are many London commercial property agents like The Workplace Company, but in Bristol, the market is smaller, so you need to find the right agent.

The Benefits a Commercial Property Agent Offers

Choosing a good agent is important, and can mean the difference between a fast tenant turnaround or a long wait while your property sits empty and generating no income; plus it is also more vulnerable to vandalism or squatters. A good property agent will be able to fill the space quickly and find a good tenant, therefore reducing the risk of problems down the line. The question here is how do you decide which company to trust with your investment when there are so many to choose from?

Hot Tips

Whether you are hiring an agent for the first time or looking for a better service than you have had in the past there are a few key things to look for to help you make the final choice.

Experience

Long established businesses are often the most attractive, initially, but do they produce consistently good results? Don’t be lulled into a false sense of security based on past achievements. Focus instead on getting stats on the last six months. It could be the case that a newer agency with lots of enthusiasm and energy are the best contenders.

Scope

Can the agency deal with the type of property you are looking to let? This could refer to both its permitted usage and its location. If your property is on the fringes of the city it will be more popular when advertised to an audience of smaller, start-up style businesses, which are growing rapidly in numbers in districts on the edges of Bristol. If an agency has no contacts in those areas you are missing out on a huge potential market.

Marketing plans

It is standard practice for commercial agents to organise professional photographs, produce attractive brochures or similar advertising material and to promote your property digitally. This can make it tricky to choose between them, so spend some time browsing their websites and social media pages to see how they market other properties, and how responsive they are to enquiries and comments made online. That way you get a more realistic picture of their approach.

Taking a little time to ask the right questions and some background research can make the process of finding a reliable and useful commercial property agent much smoother and more productive in the long term.