Shopping Centre Leasing Skills Resources by John Highman
The structure of a lease negotiation and tenancy placement is very much related to the financial requirements of the owners, so information is essential if those negotiations are to be successful. What is the landlord’s situation, and what are market trends in leasing currently? Business sentiment will have a bit to do with the trends…
In this property market, lease incentives are very common. Landlords should be prepared for the tenant’s request for an incentive, and the leasing agent should help the property owner with the facts about the typically used incentives. How to Work with Lease Incentives A fundamental fact exists regards the use of the leasing incentive; it should…
When it comes to leasing and managing commercial and retail property today, it is wise to adopt a tenant mix strategy that encompasses the landlord’s requirements and the property’s special attributes. The designing of a tenancy mix can be quite a specialised process. Local market knowledge will assist you greatly in establishing the plan and…
When you negotiate a commercial or retail property management lease, the next stage will be moving the tenant into the property. Uncontrolled tenant movement creates chaos, potentially disrupting other tenants in the tenant mix. Professionalism is required of the leasing manager and the property manager as they move the tenant into the property. Every property…
Working with tenants to get them into a newly leased space is a detailed process. Control is essential for a positive long-term occupancy outcome. The tenant’s leasing requirements, property design and functionality factors, and the landlord’s instructions all require balancing through the move-in procedure. Questions will arise, and record-keeping will be essential to the result. We…
Many landlords view a franchise as either a chain store tenant or an independent operator – a perception that can cause problems in franchise lease negotiations. To understand the key issues, start by examining the concept of franchising. Why are Franchises Successful? What is it about this business strategy that has made it so successful?…
When leasing and managing a retail shopping center today, you need a source of good tenants to underpin your tenancy mix and vacancy profile. Many retail tenants come and go from the property as part of the typical tenancy mix churn. There is no point in waiting for a vacancy in your tenancy mix. It pays…
When you work as an agent specialising in commercial real estate, you should always be on the lookout for opportunities to work with different client types and in a variety of property situations. One of those can be from the leasing side of our industry. It is in undertaking tenant advocacy work for larger local…
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