Shopping Centre Management Skills Resources by John Highman
When you are designing a retail shopping center for successful trading and performance, many issues are of concern, not the least of which is the tenant mix. Creating that ideal mix of anchor tenants and specialty tenants requires knowledge and planning. Franchise groups should be a key component of the overall mix. So the message…
Vacancies in shop leasing can be a real drag on shopping centre performance and retail sales. Any current or upcoming shop vacancy in a tenant mix should be resolved quickly and directly. It is important that the customers to the property do not feel that there is an issue in occupancy and retail offering. …
The shopping centre segment of the retail property industry can be very competitive and complex. That is certainly the case when you have a number of properties competing for the same customers in the same overall location. Retail centre managers and leasing managers should be constantly aware of the trends in retail property performance for…
In retail real estate leasing, the anchor tenants in a shopping center have a great level of appeal in attracting the smaller tenants to the tenant mix. Choose your anchor tenants wisely and understand what value they bring to the property. Build you lease marketing campaign around your anchor tenants. So the key question is,…
Commercial property management can be quite challenging for many agents considering working in that part of the industry. That is largely because of the specific property knowledge requirement and the personal ability to do many complex things at the same time. With any commercial or retail property, there will be plenty of things to monitor…
When a retail property is to be newly managed the focus on the handover process in bringing it over to your agency or brokerage is really important. It is the only time that you can capture the full facts of the property and the tenant mix. Asking the right questions and documenting the active elements…
When you have a vacancy to lease in a retail shop, don’t jump too quickly at the first tenant who comes along. Some checking is required, and decisions should only be made when you know everything possible about the tenant and their intentions in occupation. Many landlords have suffered the financial impact of a poorly…
In a shopping center leasing program you are likely to be working with many smaller tenants, some of whom are likely to be a simple ‘family business’. In saying that you should have some ‘checks and balances’ to fall back on to ensure that you totally understand the value and commitment the smaller tenants can…
If you want to fill a vacancy in an office building you need to go out and find the tenants, not just wait for them to find you or make a property enquiry. Far too many agents wait for the telephone to ring when it comes to creating enquiry and leasing any vacant property. Now…
The process of retail shop leasing is specialised for all sorts of reasons. It is also a very unique and yet rewarding part of the property industry for agents to get involved. If you want to start leasing shops, do that based on providing comprehensive retail property services, that is, across sales, leasing, and…
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