Commercial Real Estate Leasing Skills by John Highman
In commercial and retail property today, franchise type tenants offer a real advantage to the landlord’s owning the investment properties. These franchise groups or tenants provide an established business model and in many respects proven tenants that can operate a business successfully. When it comes to investment property performance, this is a very good thing. …
The commercial and retail property market has changed a lot over the last couple of years. The retail property segment has particularly come under some pressure from escalations in small business operating costs, and reduction in retail sales. The internet has impacted the way many people buy retail goods and that flows through to the…
In this commercial property market there are plenty of leasing opportunities around for us as agents to work on. When there are lots of vacancies, you have some good stock to choose from. Pitching and presenting for those listings then becomes a really important part of our craft and real estate profession. Quality stock should…
A market rent is not just any old rent, it is one that has been established in today’s property market and it reflects an agreement between the parties that indicates true market conditions. Rents can be compared by property type and location. Special and unique properties will raise challenges because you will have little to…
In commercial and retail real estate, a leasing slump can be a challenge. Invariably in a leasing slump you will find an abundance of vacant tenancies, and little enquiry coming your way. Deals are slower and harder to put together (or so it seems). There is a good thing that comes of all this leasing…
In these difficult economic times you need a perfect leasing strategy to keep the rental income for the commercial or retail property strong and stable. What you do not want today is the threat of higher property vacancies and pressures from competing properties. The gross income for your property should be optimised and the expenditure…
It is very easy to see the difference between a great advertising piece for a commercial property, and everything else. Let’s face the facts; it is the advert that draws the attention of the reader today. It is our job to ensure that the advert gets read. In any tough property market, it is the…
In commercial real estate, the renegotiation of a lease provides efficiencies in income stability and market rental. This is where an experienced commercial real estate agent can offer specialist experience and market knowledge to the clients that they serve. Lease renegotiation is therefore a special service that can be provided by agents in an ongoing…
The leasing of commercial and retail property is a job for experts. If you are making the most of your leasing opportunities in your local property market as a real estate agent, listings and commissions should be easy to attract. That being said you do need tenants and landlords to work with. Contacts are everything…
Commercial real estate agency is a great sales career, and you will come across many top agents that have ‘done it hard’ for some time, and then finally they have got their system established to build their business. Many top agents have learnt from their mistakes in commercial real estate, although this can take some…
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