When you manage or lease a commercial or retail property, it is wise and crucial to have a strategy for handling vacancies and tenant movement. Given the size of the tenancy mix and the property’s positioning, tenants will come and go. Having a tenant turnover checklist and protocol is a good idea and necessary for…
Leasing and managing a retail shopping centre of any size today is challenging. Experience says that vacancies will happen in all retail properties, and some tenants will be more successful than others in trading. Of course, the retail shopping environment is changing and will continue to do so, given the impact of online shopping. Some…
Online website portals are not just a part of but a driving force in the commercial real estate market. They attract many enquiries from potential buyers or leasers, making their incorporation into property marketing campaigns necessary for agents and investors. This comprehensive integration carefully considers media choices, campaign strategies, advertising layout, and promotional messages. Understanding…
Every commercial, industrial, or retail investment property will have differences and enhancements worth describing and displaying during a property inspection. This suggests that every agent should carefully consider the strengths and weaknesses of each investment property before conducting an inspection tour with prospective buyers. Once you’ve identified a potential buyer for the property, it’s time…
A retail shopping centre is a unique investment property type that demands respect and specialisation from a sales and leasing perspective. The key people involved in retail properties are centre managers, leasing managers, landlords, and investors. They should work together on a plan when focusing on a retail property and its future. To ensure its…
Distressed properties are sold for various reasons, occurring more frequently in a changing market. Those distressed properties are out there for you to find and work on in a property market like this. Why is this important? They are a good source of listing activity for commercial real estate agents. When the property market is…
Amidst the ever-changing property market, a plethora of property investment opportunities are consistently available. This market cycle, which typically repeats every five to seven years, is not a hurdle but a strategic advantage that commercial real estate agents and property investors can leverage. This understanding empowers them to participate, purchase, and sell properties at the…
In commercial real estate, particularly shopping centre management, the revenue streams you administer and monitor are crucial to the long-term performance of your property investment. Every vacancy that can or will exist in the property during the year will jeopardize the property’s value and the success of the remaining tenants. Vacancies do little to improve…
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…
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