Owning commercial property comes with both opportunity and responsibility. At some point, every property owner asks the question: What should I do with this asset?
Sometimes the answer is to hold and lease. Sometimes it’s to sell. And in many cases, the best move is to reposition the property entirely, upgrading it to better meet market demand and improve its performance.
Understanding What the Market Wants
Smart decisions start with data. At Tessa CRE, we begin with a deep analysis of market dynamics: Who’s actively seeking space in this submarket? What terms are they expecting? What kind of improvements would make the property stand out?
We also evaluate the highest and best use of the site, comparing its current state to how it could compete with other offerings nearby. Even small changes-like modern signage, flexible floor plans, or adjusted lease structures can dramatically improve value.
Selling Isn’t Always the End Game
In some cases, selling may be the right call. But even then, timing, pricing strategy, and preparation are key. We help owners decide not just if to sell, but how and what to do beforehand to maximize return.
That could mean re-tenanting to improve cash flow, addressing deferred maintenance, or telling a more compelling story to the market. Our team doesn’t just list properties. We position them.
Repositioning as a Path to Renewal
We’ve worked with owners who initially planned to exit, but found greater upside by investing in upgrades and leasing with intention. Others chose to hold the property longer while we helped attract creditworthy tenants, improve terms, and set the stage for a future sale on better terms.
It all depends on the owner’s goals and the asset’s potential.
A Lifecycle Approach to Real Estate Strategy
With deep experience in development, leasing, and asset management, our approach is both hands-on and forward-thinking. We partner with owners to navigate the full lifecycle of their property, providing clarity and options every step of the way.
Not sure what’s next for your property? Let’s figure it out, together.
