Shopping Centre Management Skills Resources by John Highman
When it comes to a large retail property and its investment performance, it is important to ensure that the tenant mix is stable and well-balanced. There are many pressures on tenants today, and that is a major threat to retail property performance. A landlord can have the best retail property in the local area, but…
In commercial real estate property management and leasing, negotiating with tenants regarding renewing their leases is quite a common event. Unfortunately, many property managers leave the matter until it’s too close to the cutoff date, and negotiations become pressured. Stay in control when it comes to your leases and managed properties. Pressured negotiations are impacted by…
When marketing a retail property or shopping centre today, there are some critical factors to be considered prior to the commencement of the marketing program. Every marketing campaign needs to be optimised for the right type of inquiry and the target market. There are enough frustrations today with property finance and finance availability to frustrate many…
When you work as a commercial property manager, it is essential that you really understand the demands of the job and your clients. Commercial and Retail property management is a specialist task. Shortcuts are not possible if you want to make your mark as a really good investment property manager. The Tasks of Managing Commercial Property…
The tasks you undertake vary when you work as a commercial or retail property manager. It could be said that commercial and retail property managers are the busiest in the property industry (ok, so I am probably biased). On that basis, they have to be intelligent, diligent and driven. The top property managers are like that. Property…
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 manage commercial or retail real estate, you really do need to know what’s going on with the property every day of the week. Regular inspections and meetings with tenants will be part of that. In larger properties under management, many things can happen daily, challenging your organization and business skills. The diversity of the…
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?…
Every commercial property should be managed and optimised to a plan. This is in fact, a business plan or version of it and it is to be prepared by property managers. It should be prepared once a year and just before the commencement of the financial period to which the building performs. It should be monitored…
So often we see landlords choose commercial or retail property managers to manage their property with little or no regard to the experience of the people doing the actual management work. When property performance matters, so do the applied experiences of the property manager and their role in the real estate team. Invariably when you…
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