A retail shopping centre can be a complex investment property to manage and lease over time. That then requires specialised centre managers and an ownership strategy incorporating changes in market activity and retail focus. Retail shopping today has changed significantly over recent years and will continue to do so. As online shopping tends to shape…
There are a number of factors to consider in this retail shop leasing process, including optimising the current tenants as well as refining tenant placements and occupancy levels for the future. Finally, and ultimately, the goal of a retail shop leasing review is to increase customer interest, retail sales, and return on investment for the shopping centre. Tenants…
When you have a vacancy in a retail property and particularly so a shopping center, you really do need to be careful in finding a replacement tenant. Ultimately your tenant choice can impact the market rent for the property, the customers visiting on a regular basis, and the other tenants in the tenant mix. (NB…
Without a doubt shopping centres are the most intense type of investment property to own, lease, and operate. There are many issues to watch including presentation, occupancy, sales, wear and tear, and customer numbers. Overall property performance is to be encouraged at all times. A successful shopping centre will generate real benefits for tenants, the…
Many commercial property managers and leasing managers don’t spend enough time on tenant management and communication, only to soon find that they have an upcoming vacancy or a building that is underperforming from a rent and occupancy perspective. There is a strong link between tenant encouragement, communication, property performance, and landlord involvement. At the base…
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…
Vacancies in shop leasing can be a real drag on shopping centre performance and retail sales. Any current or upcoming shop vacancy in a tenant mix should be resolved quickly and directly. It is important that the customers to the property do not feel that there is an issue in occupancy and retail offering. …
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