Commercial Real Estate Leasing Skills by John Highman
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…
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…
We hope you’re enjoying Part 2 of our three-part video series on how to succeed as a commercial real estate agent in today’s cutthroat market. Improving one’s negotiating abilities and implementing direct marketing tactics are two essential components of an effective agent’s success that we explore in this instalment. Gaining these skills is crucial for…
When looking at a commercial property for sale or selling, there are plenty of things to check, but at the top of the list will be the tenancy mix and the income stream supported by the mix. In a retail property or an office property with many tenants, there will be challenges in getting across…
We, as agents, can always improve our negotiation skills for sales and leasing situations. The property market is always changing, and every listing will require special elements of negotiation. I am sure you can remember a challenging property listing or negotiation that was difficult to get to a result. What happens in the ‘real world’…
Commercial real estate leasing between landlords and renters provides a steady stream of fresh business prospects. Property availability and occupancy support the business community, which then helps us locate tenants, landlords, investors, clients, and property owners. As a leasing agent, increase your transaction prospects by connecting with landlords and tenants frequently and continuously. Valuable Tenant…
Who are the best people to create new levels of property performance for their clients? It is a simple answer. Property managers and leasing managers are the key people to boost property performance. Why is that? They can bring skills to the client’s property that improve income streams and prevent vacancies from occurring. Property and…
Many commercial real estate brokerage, sales, or leasing situations involve negotiation. Consider the various stages of working with clients and listings. You are negotiating your way through the stages of the real estate business, from a prospective phone call to a meeting and then to a property inspection. You make friends and share important information…
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…
Today, every landlord must take steps to prepare a property for leasing and to market vacancies when they occur. Prepare to lease space in all your investment properties. Know that vacancies will occur, so prepare for that. The property leasing process moves faster and produces better results when it is started early. You will sometimes…
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