In the commercial real estate industry, competition is fierce between agents, and the market is constantly changing. To consistently succeed, you need to be able to identify and grab opportunities as they arise. One way to gain an advantage over your rivals is through territory growth and working to a plan for that. It is…
Conversations create new business, and that is precisely how commercial real estate brokerage works. The more you can start conversations as an agent, the more you will find listings and fresh new business. Real estate brokerage is not unique in that basic business rule, yet some agents forget or do not focus enough on implementing…
One way to improve a retail shopping centre is through rental optimisation. That is the rent paid by the tenant(s) and the total for the property throughout the year. If more rent can be produced, then that reflects better occupancy, better tenants, and customer interest and purchasing patterns. Without addressing the tenant mix and occupancy…
I have shared here the five reasons why I think a career in commercial real estate is a great choice. Of course, it is not for everyone, but particularly for those who bring personal discipline and drive to the industry. Are you ready to work hard? Sure, there are things to know and develop, but…
The performance of retail properties and shopping centers is constantly under pressure. This is because there are always plenty of tenants in a retail property, and rental income varies greatly depending on the tenant mix. Tenants may be subjected to business or occupancy pressures. A “game plan” is a good idea for shopping centre managers…
In commercial real estate brokerage today, as an agent, you can improve your prospecting results by approaching things with a targeted approach. In other words, calling specific types of people for reasons that you have identified includes certain property owners in particular precincts and with specific properties. When you put that ‘target’ focus into a…
In commercial real estate brokerage, developing a sales checklist is an excellent idea to help you achieve personal progress and coverage as an agent in your allocated territory. Progress in real estate is all about organisation, and you can get that organisation by using a checklist or systemised process. So, it is very personal in…
A sales plan is the best way to progress with commercial real estate listings and clients. You can ‘sell’ yourself and your services as part of that plan. That means more listings in the future. Some agents overcomplicate things by marketing across a large portion of their territory or city, and then they wonder why…
There are many ways to create and make progress in commercial real estate brokerage. It doesn’t matter what is happening in sales or leasing in your location or the state of the property economy. The property market doesn’t disappear; it just changes. All the listings can be found when we change our actions and thoughts…
Let’s face a fundamental and ‘raw’ fact as real estate agents and brokers. Everything we do in commercial real estate every day involves several negotiation factors. It stands to reason that improving our negotiation skills will help each of us substantially with listings, transactions, and commissions. How can you move ahead with that? Practised negotiation…
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