Commercial Real Estate Leasing Skills by John Highman
The commercial office leasing market will always produce leads and opportunities for any real estate agent or broker. It is a good segment of the market to work within as you start to build knowledge and skills in the industry. Here are some of the things that you can learn and focus on when you…
In commercial property leasing and management, tenant relocation can revitalize the tenant mix and boost the potential growth of market rental. Therefore, the ‘relocation’ process is a real strategy in property performance; specialist agents and brokers should know how to optimize the tenant mix. To provide that tenant optimization professionally they can provide a ‘tenant placement…
If you have a bit to do with investment property leasing, particularly that with office or retail property, you will know the problems that can evolve with a new tenant entering a property after negotiating a lease and then undertaking fit-out works. Noise, dust, disruption, and inconvenience are all factors that come to mind. If…
When you manage or rent out retail shopping centers, you will always need to find quality tenants to keep the property on track for making money and being a good investment. Each year things change in retail properties, and some leases will be coming to an end or a few tenants may not suit the…
When you lose a tenant in an investment property it is an opportunity for change and not necessarily a negative factor. Sure, the landlord loses some rent for a little while, but in that time you as the leasing agent can look at the bigger investment perspective and make some wise choices of finding a…
As a commercial real estate agent or broker, you need to make and use a prospecting program to find new business leads. It is a personal process, and it is not something that you can or should delegate. I am amused sometimes when I hear that an agent has paid considerable money to a marketing…
Have you ever come across an industrial lease where things seem to be ‘going nowhere fast’? The parties to the deal can be unrealistic and opportunistic. Both landlords and tenants like to ‘have a win’ but the realism of the property market will not go away (nor should it). That’s where you step in with…
There are some things that commercial real estate agents hate to do. As a direct result many agents struggle with creating personal market share and achieving new listings. Take a look at the things that are a challenge to you or perhaps those that you just avoid. Having worked with many agents for some years,…
From time to time, you will have difficult listings to lease. When you have that problem, invite others from your team to look at the property and the leasing challenge. Extra people can help you see through the issues for a better leasing resolve. Extra ideas can always help, and that’s what they did in…
Some of us have worked in ‘tenant advocacy, particularly leasing. It is the reverse of the normal client process, where you are potentially working for the tenant to find the right premises and location. It is a very lucrative part of the property leasing market if you work in a larger town or city. You…
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