In residential property, the cost of the wrong tenant is limited; in commercial property, however, the wrong tenant affects the asset's identity and its long-term value. The right tenant brings more than reliable payments — it brings prestige to the property and value to neighboring units. That is why, in commercial leasing, the true metric is not speed, but precision.
Case 1: A Vacant Building, Leased to a Consulate General in 55 Days
In a commercial building left vacant after the owners relocated, our detailed valuation work is what won us the mandate. We defined the target tenant profile and ran active marketing through our private investor network alongside a conventional listing. The result: the property was leased to a foreign country's consulate general within 55 days. To this day, the owners still consult us on every matter concerning the building.
Case 2: An Above-Market Target, an International Brand
For a 200 m² reverse-duplex shop near the Clock Tower on Büyükada, with rents in the area having stayed low for a long time, we deliberately set an above-market rent target and applied systematic, active marketing. The process was completed in 11 months, with a multi-branch international company in Istanbul. The right price is not always 'the price that rents fastest' — it is the price that defends the property's true value.
In commercial leasing, the true metric is not speed, but precision.
Özkan Özel
Strategic Real Estate Asset Management
Key Takeaways
- In commercial leasing, the metric is precision, not speed.
- A corporate tenant is found through network and direct outreach, not through listings.
- A well-reasoned pricing defense makes an above-market result possible.
- The right tenant is an investment in the property's long-term value.
For your commercial portfolio, you can submit your tenant-strategy and valuation request via our contact page.