Commercial Real Estate Leasing Skills by John Highman
Without a doubt, franchise tenants are a good opportunity for Commercial Real Estate Brokers and Agents from a leasing perspective. That being said, the brokers and agents really do need to understand what those franchise tenants require within the premises and also the essential locational factors of the property. So here are some factors that…
When it comes to how well a retail property does, the mix of tenants will have a big impact on income, customer visits, and tenant sales. There is an established partnership between the landlord, the tenants, and the property manager when it comes to the success of a retail property or shopping centre. To strengthen…
If you work as a commercial real estate leasing agent, there will be challenges and disruptions to the market throughout the year. All of these things will create some degree of pain and discomfort when it comes to working with landlords, finding tenants, and closing leasing deals. A good leasing agent will track the trends…
In commercial real estate leasing and property management, you should expect to have a few vacancies each year in the tenancy mix. Allow for a certain number of vacant tenancies and adjust your property performance accordingly. It is interesting to note that aging properties will have a rising vacancy factor; the only way you can…
In commercial real estate agencies, there are all types of leasing challenges. Some are easy to handle, whilst others are more difficult. That being said, the leasing side of our business is lucrative and active if you choose to work in it in any major town or city. What can you do here with ‘strategic…
In commercial and retail property today, the franchise tenant is an opportunity to be tapped. Some franchise based businesses are quite successful in today’s economic climate. They have a product or service that is in demand. As a commercial real estate agent, you can and should keep in regular contact with all of the franchise…
Anchor tenants provide real benefits to a retail property. The fact of the matter is that the choice of a retail tenant is likely to make or break the overall performance of retail properties. When you own, lease, or manage a shopping centre or large retail property with an anchor tenant, it is imperative that…
When you have a property listed for sale or for lease, as the specialist real estate agent, you are the person responsible for building the marketing momentum and positioning the listing. Strategies are needed there. Without good positioning you will not get the enquiry from the marketing and that will directly relate to lower inspections…
In commercial and retail property today, the most successful commercial real estate agents specialize in a particular niche area or property type. In many cases, they will specialize in both. This is because specialization allows you to provide real market knowledge and a dedicated focus to the property and the client. Every property type will…
In commercial real estate today, the property market can be a bit of a challenge. In many respects, clients will need help in one way or another. Unsold listings, vacant premises, and new developments all have special requirements of marketing. Contrary to popular opinion, it is in property markets like this that we can do…
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