Shopping Centre Management Skills Resources by John Highman
In commercial real estate brokerage, the use of a tenancy schedule for property control is quite common when it comes to larger office, retail, and industrial properties. That being said, there are some dangers to understand with the scheduling process. The schedule itself should contain the entire relevant lease and tenant detail for the asset…
A retail shopping centre is a quite unique and special property in many different ways when compared to other property types. A shopping centre needs to be understood both from the physical and financial perspectives. Shopping centre managers and leasing experts concentrate exclusively on the property type within the industry and specialise accordingly. In that…
Far too many commercial property managers become ‘swamped’ with the events of the day and the working week, thereby overlooking the requirements for new business and portfolio expansion. Every property manager should have a degree of focus and have time set aside every day for new business activity. Yes, I know that there are a…
In commercial and retail property management today, it is essential that you have a custom designed tenancy mix review process underway. In any complex property with a number of tenants in occupation (i.e. Retail Shopping Centres or high rise Office buildings), that tenant mix process should be unique to the building taking into account the…
Any commercial property under management today will have issues with energy and energy consumption. In most cases, a building’s energy consumption can account for approximately 20% of overall outgoing costs. Any energy savings that you can make will have a dramatic impact on property performance, rental structures, and net income. These are the Energy Facts…
When you manage or lease any retail building there are quite a few things to watch and check, particularly with the tenant mix and the leases. In any large property the monitoring and checking processes are quite complex; any shopping centre manager will attest to that fact. So a skilled property manager or leasing expert…
Leases in commercial real estate form the foundation of the tenant mix and rental cash flow. They are important documents to understand and administer. It is not unusual to have a variety of leases in one property. Therefore, every lease has to be read and checked. Every lease in a client-managed property should be assessed…
When you manage and or lease a commercial office tower there are many things that should be tracked and monitored to improve property performance over time. The landlord will have targets to fulfill and the tenants will bring to the property certain demands and challenges. A plan is required for the property to make things…
The retail shopping centre management process is quite specific and more intense when compared to that of office or industrial property management. The management of a retail shopping center is a detailed and systemized process of property performance balanced against the property’s attributes. There are unique categories of property performance to address, including tenant interaction…
The quality of the retail tenants that you put in a shopping center will greatly impact the tenant mix and the attraction of customers to the property over the long term. Every vacancy should be carefully considered so that the best tenant is chosen for the location with a view to the long-term bolstering of…
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