Common Tips for Uncommon Circumstances in Real Estate

Mr. Cholo • November 04, 2014

Majority of PRIME’s clients for commercial spaces require a ground floor space with good frontage to the main road. Due to the demand (and shortage of supply), most businesses that are already leasing the ground floor spaces prefer to stay long term to maximize the benefits of having prime commercial space. In the more prime areas such as Tomas Morato and Timog Avenue, the lack of new commercial development has also contributed to the increase in demand for space. Prospective tenants of units to be vacated begin direct negotiations with landlords prior to the expiration of the current tenant’s lease. This keeps competition tight, with brokers and agents always having to stay sharp and keep on their toes to keep abreast of who’s negotiating with who, and if possible what’s being offered.

It also goes without saying then, that properties and spaces with quirks and unique amenities deserve extra attention, as they’ll stand out more when you’re trying to market and offer them to clients. One cool and unusual building feature I have encountered is the “Passive Cooling System”. This lets fresh air come in your room and common areas so you can breathe easily. Passive Cooling allows occupants to save on electricity when air-conditioning is turned off. Sometimes you’ll run into properties with more “special” amenities –which is a plus for you-, as you may also sometimes run into clients with more specific or even unusual requests. This may leave you at wit’s end at times, but do not let this distract or discourage you.

The key here is resourcefulness. You have to know where to look and how to gather information if faced with a challenging property. Persistence and being able to build good relationships with owners also contributes to the success of securing listings.

Common Tips for Uncommon Circumstances in Real Estate, Passive Cooling System, PRIME Philippines
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