Our Case Study on Strategizing Tenant Retention
For landlords, tenant turnover and its associated costs are a significant risk. These costs, including downtime, tenant finishes, rent abatement, and brokerage commissions, can rapidly accumulate, infringing on potential returns.
Since our establishment, Commercial Development Company has meticulously monitored tenant decision-making as leases reach maturity.
Our Three-Step Approach to Tenant Retention
Our staff meets regularly to discuss the company’s portfolio progress. During these sessions, we discuss maintenance, lease concerns, and strategies for enhancement.
This is the initial step towards tenant retention. Our next step is building positive relationships with tenants, which is a crucial aspect of retention.
Our property managers communicate directly with our tenants, thereby establishing a rapport and setting the groundwork for the Commercial Development Company Standard.
It is crucial that everyone at our company is aligned with our vision: Our home is their home too!
That is why our team members are continually in communication with our properties and contributing wherever necessary. This sense of pride in ownership and relationship is infectious and encourages tenants to follow suit.
Development Projects
Racebrook Medical Center
(235 Boston Post Road, Orange, CT 06477)
New state-of-the-art medical facility due to open Q1 2024. Fully occupied.
Prime Realty - Orange Commons
(297 Boston Post Road, Orange, CT 06477)
Textbook Trophy Project built early 2000’s; one of many similar projects.
