The strategy for agents in commercial or retail property management is quite simple. In this market, it is about doing more for the client given the elements of the property and the prevailing market conditions. It is all about optimizing the performance of a property for the owner or client. When property managers forget about…
It should be said that commercial and retail property managers are very busy most of the time, so the indicators of success in managing a property or portfolio are special and unique to the job, thereby allowing for the existing pressures. There are always some difficulties here in trying to set any ‘scoring process’ for…
The commercial property management process can be quite special, and certainly so when you are involved with a complex office building or retail shopping center. I have given you a chart here to understand matters. There are many things to think about and cover over a working week and a monthly reporting period. The clients…
Most commercial office towers today are quite complex when it comes to tenancy mix and property performance. They require specific performance plans to be implemented across income, occupancy, expenditure, and maintenance. That is where the commercial property manager can add considerable value and control to the overall property strategy and ongoing asset plan. The right…
Commercial and Retail Property Management is a special part of the investment property industry. All too often I see inexperienced people applied to the property management sector when they have little or no understanding of what they are doing. That situation then typically leads to a property that is not performing well and a tenant…
The commercial property management process can be quite special in many different ways. It takes time to learn the correct skills and gain the right levels of knowledge. The work processes in property management are quite different than that of sales or leasing; a special person is required that brings a different skill mix to…
So often we see landlords choose commercial or retail property managers to manage their property with little or no regard to the experience of the people doing the actual management work. When property performance matters, so do the applied experiences of the property manager and their role in the real estate team. Invariably when you…
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