It is a fact that a good marketing budget in a retail shopping center will help generate more customer visits to a retail property and potential sales for the tenants. It directly follows that a busy and successful tenant mix will underpin the market rental for the property and reduce the vacancy factor. The whole…
When it comes to running and managing a commercial property for a landlord, a good plan will be required to keep things under control. A good property management process is not simply a matter of collecting the rents and filling the vacancies; there are so many other issues to work with in the property. If…
If you are involved in retail shopping center performance and or leasing you will know the importance of planning the retail center effectively and directly. In every location, town or city there will be things to consider when it comes to the average retail property, keeping it occupied, and building on the tenant mix. If…
Things change frequently in commercial real estate and as a consequence it is an absolute necessity for brokers and agents to research their market and the trends through the year. Think about these three questions: Where is the property inquiry coming from today? What are those people looking for in property? Why is that inquiry…
There are plenty of things to be learned by and through target marketing in commercial real estate brokerage. Certain types of properties, improvements, services, and amenities will be on the ‘top of the list’ when it comes to attracting buyers and tenants; the newer property developments are also likely to have the abundance of enquiry…
In shopping centres and in some stand-alone properties of a retail nature it is quite common to see a landlord use percentage rents as part of the lease structure with a tenant. The strategy is useful when a tenant is new to a property or if the property is new to a location such as…
Every agent or broker in commercial real estate should have established goals and targets to work to throughout the year. Those factors should be merged into a business plan at a personal level. There are many challenges and diversions occurring in the industry, and in many cases they can shift the focus and the opportunities…
When it comes to leasing or selling a commercial or retail property, the construction drawings will be of interest and use in the negotiation. The drawings are also called ‘as built drawings’. They are created at the time of building construction and should stay with the property and the existing owner of the building throughout…
I put this video together to help with some ideas when it comes to creating commercial real estate proposals. It really doesn’t matter if you are pitching for a sale, lease or property management, the same principles apply. You can check out the video on our YouTube Channel. The property market today has lots of…
In commercial real estate brokerage, you simply must know the property market and all of its activities, indicators, and pressures. Clients and prospects will test your knowledge about the local area and the deals that have been done recently. So what do they want to see? They want to see real confidence and coverage in…
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