When owning, leasing, or managing a shopping centre, you want to reduce and remove the problem of vacancies. As leases end or pressures occur for some tenants, vacancies are a real problem that requires a strategic approach. It is, therefore, essential to have a lease renewal strategy and a tenant retention plan active. Do you…
Some retail shopping centers need refreshing and repackaging from time to time. That strategy and approach help when it comes to sustaining customer interest and attracting ongoing retail sales. The approach to shopping center repackaging can be merged into the retail business plan strategy for the property over time. It is worth remembering that a…
Retail tenants run both small and large businesses, and most of them need appropriate premises to do that from. There will be parts of your local area that are better than others when it comes to retail trade; the same can be said to the location of particular properties. (N.B. these ideas are also sent…
When you take over a new retail shopping center or perhaps a shopping center that is already established and operational, you quickly have to get a team of experienced people into the property to control the asset and set in place some directions and strategies. Timing is important to the results that you achieve. Running…
When you manage or rent out retail shopping centers, you will always need to find quality tenants to keep the property on track for making money and being a good investment. Each year things change in retail properties, and some leases will be coming to an end or a few tenants may not suit the…
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