Having a commercial property that is just sitting empty can be very stressful. As you may know, you still have to pay for the building that is just sitting. If you had the opportunity to make some money to help pay for that property, wouldn’t you jump at the chance? That is why, in the last blog, we told you about some of the easy things that you can do to make some money by using your commercial property to your benefit. In this blog, we want to continue that topic. Commercial property management companies like North Bay Property Advisors can help you make some extra money.
If you have an industrial space, you could make a lot of money to host events like wedding receptions, sports banquets, art shows, or even a prom for the local high school. Most of these events decorate the space on their own so you don’t have to worry about it. You may need to take the time to get a temporary liquor licence if that is necessary.
Sport and fitness
One of the hottest businesses today are gyms and other fitness centers. If you are not into fitness, you could always create the space, filling the space with equipment, and rent out the space to a few local personal trainers so that they can help their clients. If you choose to do this, you need to speak with your insurance company to make sure that you would be covered for liability.
We hope that this helps you think of some ways that you can make money with your commercial property while you wait to find someone to lease your property. As your commercial property management company, we will do everything we can to help you make the most out of your commercial property.